The Barcelό Hotel Group is entering the Sri Lankan and Maldivian markets with the opening of the Bodufaru Beach Resort in the Maldives

The Spanish group is also taking on the management of two new properties in the Maldives and two existing properties in Sri Lanka as part of a joint venture with Browns investments.

The $150 million Bodufaru Beach Resort in the Maldives’ North Male Atoll is due to open in 2022 and will include three five-star hotels with a total of 470 rooms.

The agreement, which allows the Barcelό Group to position itself in Asia, also includes the management of four hotels including the Bodufinolhu Beach Resort and the Nasandhura City Hotel, both under construction in the Maldives, and The Eden Resort and Spa and Paradise Resort and Spa, both already operating in Sri Lanka.

The additional properties increase the group’s portfolio in the region to a total of seven hotels and 900 rooms.

Raύl González, chief executive of Barcelό Hotel Group for EMEA said: “Entering the destinations of Sri Lanka and Maldives has always been in our long-term expansion plan. However, venturing into new countries often involves risks that we do not know about, so we needed to find a suitable local partner.”