Qatar’s Assets Group buys 18 luxury yachts as it bolsters its global destination developer role
The company, a subsidiary of Power International Holding, has interests spanning real estate and hospitality
Assets Group, a subsidiary of Power International Holding, has revealed an investment of over QAR 250 million in 18 luxury yachts from Italian manufacturer Azimut Yachts. This significant commitment to the marine infrastructure supporting its hospitality portfolio in the Maldives will bolster two luxury resorts: Waldorf Astoria Maldives Ithaafushi and Rosewood Ranfaru Maldives.
The fleet aims to enhance the resorts' hospitality offerings by integrating marine experiences into the broader guest services. Assets Group CEO Mr. Khaled Zi Alnon emphasized that the investment underscores the company's strategy to develop integrated destinations, where every aspect contributes to the overall guest experience and the long-term value of their hospitality assets.
The acquisition is part of an existing relationship with Azimut Yachts, underpinned by local service capabilities in the Maldives. This move highlights Assets Group's dedication to enhancing luxury hospitality through destination infrastructure, premium services, and long-term asset ownership.
Written by urgent.news from Gulf Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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