Wednesday Sep 10, 2025
Wednesday Sep 10, 2025
Tuesday, 9 September 2025 02:42 - - {{hitsCtrl.values.hits}}
Browns Investments PLC Group has entered into a Sale and Purchase Agreement (SPA) with ASB Hotel Properties Maldives Ltd., for the sale of the assets and business of the Barceló Whale Lagoon Maldives Resort for $ 57.5 million.
The completion of the transaction by BIL subsidiary Browns Ari Resort Ltd., is subject to the satisfaction (or waiver, where applicable) of certain conditions precedent set out in the Sale and Purchase Agreement, including the receipt of regulatory and third-party approvals in the Maldives.
