Monday Dec 22, 2025
Monday Dec 22, 2025
Monday, 22 December 2025 05:51 - - {{hitsCtrl.values.hits}}
Browns Investments PLC through its subsidiary Browns Ari Resort Ltd., has completed the $ 57.5 million (Rs. 17.2 billion) sale of the assets and property of the Barceló Whale Lagoon to ASB Hotel Properties Maldives Ltd.
The company said the transaction was completed following the satisfaction of the conditions precedent set out in the Sale and Purchase Agreement.
The Barceló Whale Lagoon Maldives is a five-star luxury resort comprising 100 villas, including 63 Beach Villas, 30 Water Villas, and seven Beach Suites, each featuring private plunge pools and premium furnishings. The resort offers an elegant beachfront setting and unique marine experiences, including encounters with whale sharks and manta rays.
A year ago, the property was positioned as a private retreat offering luxury in seclusion and panoramic views of pristine shores, with a market value of over $ 55 million. Capital Trust Securities said the successful divestment at $ 57.5 million marks the realisation of significant value from this investment.
Browns Investments on Friday closed unchanged at Rs. 6.80.
