Aiana Hotels & resorts L.L.C. has announced its plans to expand its network in India. The group will open its first ever hotel in India in 2016. It has signed a management agreement with Moonriver Resorts to operate Aiana Munnar – A Moonriver Resort in Munnar.
The development also offers a unique real estate opportunity for buyers to own a part of the luxury resort under the fractional ownership model. Fractional ownership roughly means an arrangement where a group of people shares the costs and use of a property; the asset is owned by many persons, fractionally. The asset is split into fractions for the purposes of initial capital, use, expenditure for maintenance, management etc.
Amruda Nair, Joint Managing Director and Chief Executive Officer, Aiana Hotels & Resorts L.L.C, said. “As our first property in India, Aiana Munnar – A Moonriver Resort solidifies our commitment to offer locally relevant design and authentic experiences. We are happy to partner with Alex and Tsarina Vacha as their expertise in design and commitment to preserving the natural environment is in line with Aiana’s brand philosophy.”
Alex Vacha, Managing Director, Moonriver Resorts said, “A lot of detailing has gone into the finer aspects of the project and traces of local elements have been incorporated to stay true to the destination’s rich heritage.”
