About

Icona Capital has completed the acquisition of a pristine island in the Maldives, one of the world’s most coveted and beautiful destinations for high-end luxury travel. This acquisition marks a key milestone in our strategic reintegration into the luxury hospitality sector, enabling us to develop an exclusive ultra-luxury resort that will redefine the travel experience for the most discerning guests.

The island is ideally located, offering easy access for international travelers with its proximity to Malé International Airport and the domestic Maamigili Airport.

This accessibility, combined with the island’s breathtaking natural beauty, positions the project as a once-in-a-lifetime opportunity for the development of a world-class hospitality facility.

Deal Information:

This acquisition underscores our commitment to identify and capitalize on high-potential opportunities within the luxury hospitality sector. It is a testament to our ongoing dedication to delivering unparalleled, world-class developments that offer exclusive experiences to an elite global clientele. With this project, we are poised to redefine the future of luxury travel — just as we have done with our past ventures.

Led by MHG, who previously founded Ultima Capital and successfully took it public in 2019 before its sale in 2023, our team brings extensive expertise in ultra-luxury hospitality to this new endeavor.

Statement from the Founder:

We are thrilled to secure this rare gem in the Maldives. This acquisition aligns perfectly with our vision of creating exceptional investment opportunities within the global luxury market. The Maldives has long been a destination that epitomizes ultra-luxury, and we are excited to continue contributing to this narrative.

Our aim is to redefine the luxury experience, as we did with Ultima, by developing an extraordinary destination that will set a new benchmark for the industry.

Max-Hervé George

Chairman & CEO