A new joint venture agreement between ONYX Hospitality Group and Panchshil Realty, has been signed for OZO Maldives. Scheduled to open in the third quarter of 2020, the 200-villa private island resort will occupy a secluded island in the Raa Atoll, located northwest of the Maldivian capital of Male.

“We are excited to be taking OZO to the Maldives, a destination once reserved exclusively for the ultra-luxury segment. With the opening of OZO, we look forward to redefining the family-oriented resort experience in the Maldives with a property which combines the best of the three key OZO brand signatures - sleep, connect and explore. OZO Maldives will be a great showcase of locally-sourced craftsmanship and environmental education. Serving as a strong complement to Amari Havodda Maldives located in the south, this new opening will give ONYX Hospitality Group the opportunity of offering two compelling luxury and mid-scale options in this popular paradise destination.” said Douglas Martell, President and Chief Executive Officer, ONYX Hospitality Group.

Ranjit Batra, President, Hospitality Management of Panchshil Realty, a majority shareholder of the project ownership consortium, mentioned “OZO Maldives will be a great family-oriented resort with a strong focus on sustainability and environmental education, capped off by all the elements which has made OZO a compelling and high-quality midscale offering. We look forward to adding ONYX to the growing list of international hotel partners we have relationships with, and to working with them on the opening of this property.”

OZO is a smart, simple and savvy midscale hotel brand offering an enhanced sleep experience and seamless connectivity for travellers who are keen to embark on a deeper exploration of the destination. Since the opening of the first OZO in Hong Kong, the brand has generated consistently positive feedback and continues to exceed midscale accommodation expectations. OZO is currently available in Hong Kong, Koh Samui, Colombo and Kandy, with new hotels being developed in Pattaya, Phuket, Johor Bahru, Penang and the Maldives.

Within the Indian Ocean region, ONYX Hospitality Group operates four hotels in Sri Lanka and the Maldives, with two hotels in the development pipeline.