ONYX Hospitality Group has signed an agreement with a joint venture company led by Panchshil Realty to launch OZO Maldives. The 200-villa private island resort is scheduled to open in the third quarter of 2020 and will occupy a secluded island in the Raa Atoll, located northwest of the Maldivian capital of Malé.
Positioned as a family-oriented resort, OZO Maldives will feature 60 villas located overwater and 140 on the beach, with 50 beach villas offering larger family-friendly layouts and private plunge pools.
The resort will feature design elements and experience touchpoints inspired by a fictitious castaway explorer named Sebastian King III, an artist and amateur sailor who was shipwrecked and lived alone on the island for eight years before allowing himself to be discovered.
President and Chief Executive Officer of ONYX Hospitality Group Douglas Martell said, “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 that combines the best of the three key OZO brand signatures – sleep, connect and explore.”
OZO positions itself as a smart, simple and savvy midscale hotel brand. Since the first opening in Hong Kong, OZO has expanded to Koh Samui, Colombo and Kandy. New hotels are being developed in Pattaya, Phuket, Johor Bahru, Penang and the Maldives.
Bangkok-based ONYX Hospitality Group operates four hotels in Sri Lanka and the Maldives under the OZO and Amari brands, with two hotels in the development pipeline.
The Group’s regional portfolio includes 50 operating properties across three brands in eight countries. They have set a target of opening 99 hotels by 2024.