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Thread: Conrad Maldives Rangali Island {MDV}
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Old Sep 21, 2022 | 8:14 am
  #2648  
lhrhappy
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Join Date: Nov 2014
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Originally Posted by mb123
Actually Rangali is managed by Blackstone Group.
Their business model is buying cheap rundown properties and sell it again after renovations.
They acquirred Rangali in 2019, renovation of the water villas/ Grand water villas, Atoll market is finished,
I would expect a new ownership, maybe a new management company in the near future.
Yep. 2019 is roughly when the soft product cost cutting started happening and the hard product investment started.
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