Catalist-listed Keong Hong Holdings on Thursday said it has appointed French hotel giant Accor to manage its first two hotels in the Maldives.
The two hotels are being developed by Pristine Islands Investments, a joint venture between Keong Hong Construction (a wholly-owned subsidiary of Keong Hong Holdings) and its partners.
Accor will provide the full spectrum of hotel management services, including consultancy on the design and construction of the two hotels, Pullman Maldives Maamutaa Resort and Mercure Maldives Kooddoo Resort.
Pristine was set up last year to own, develop and operate the two hotels as well as a domestic airport in Kooddoo, in Gaafu Alifu Atoll in the Maldives, at an estimated development cost of US$120 million (S$162 million).
The 68-villa Mercure Kooddoo resort will open in 2016 and 120-villa Pullman Maamutaa resort will open in 2018.
Keong Hong added that besides the Maldives, it is also looking to expand its hotel business in countries like Japan and Australia.