Playa Hotels & Resorts N.V. Announces Sale of Jewel Paradise Cove

Playa Hotels & Resorts N.V. Announces Sale of Jewel Paradise Cove

By Manu Vardhan Kannan

Published on January 5, 2025

Playa Hotels & Resorts N.V., a leader in the all-inclusive hospitality segment, has announced its decision to sell Jewel Paradise Cove resort in a $28.5 million cash transaction. The agreement marks a significant move in Playa’s strategic approach to portfolio management.

This binding agreement is subject to standard closing conditions, and the transaction is anticipated to be completed in the first quarter of 2025. While Playa is optimistic about finalizing the deal within the expected timeline, the company has noted that there are no assurances of its completion until all conditions are met.

A Leader in Hospitality Excellence

Playa Hotels & Resorts N.V. is known for its expansive portfolio of prime beachfront resorts across sought-after destinations in Mexico, Jamaica, and the Dominican Republic. Operating under prestigious brands such as Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, Wyndham Alltra, and Jewel Resorts, Playa offers a diverse collection of 24 resorts encompassing over 8,600 luxurious rooms.

Playa's ability to combine world-class hospitality with the all-inclusive concept has earned it a reputation for delivering exceptional guest experiences. The sale of Jewel Paradise Cove is seen as part of Playa’s broader strategy to refine its offerings, strengthen its brand partnerships, and enhance operational efficiency.

Strategic Portfolio Optimization

The decision to sell Jewel Paradise Cove reflects Playa’s focus on aligning its assets with long-term growth objectives. By optimizing its portfolio, the company seeks to further its mission of offering unparalleled value to guests while maximizing shareholder returns.

Future Prospects

With the anticipated completion of this transaction, Playa Hotels & Resorts remains committed to leveraging its expertise and global partnerships to solidify its position as a leader in the hospitality industry.

About Playa Hotels & Resorts

Playa Hotels & Resorts N.V., listed on NASDAQ (PLYA), is a renowned operator and developer of all-inclusive resorts, specializing in prime beachfront locations. Through strategic collaborations with globally recognized hospitality brands, Playa continues to redefine the all-inclusive experience, offering superior value and fostering direct relationships with guests for sustained growth.


UAE Opens Golden Visa to Indians Without Property or Business Investment

UAE Opens Golden Visa to Indians Without Property or Business Investment

By Manu Vardhan Kannan

Published on July 8, 2025

In a landmark move, the United Arab Emirates (UAE) has introduced a new route for Indian citizens to obtain the prestigious Golden Visa — now without the need to buy property or launch a business. This shift is part of a pilot program that simplifies the path to long-term residency, specifically targeting skilled Indian professionals and creators.

The Golden Visa offers a 10-year or lifetime residency permit that allows foreigners to live, work, or study in the UAE without needing a local sponsor. With the new update, eligible Indians can apply by nomination through approved UAE partners and pay a one-time fee of AED 100,000 (approximately ₹23.3 lakh).

This initiative reflects the UAE’s strategic efforts to strengthen its knowledge-based economy and deepen ties with India under the Comprehensive Economic Partnership Agreement (CEPA), signed in 2022. The program is expected to receive over 5,000 applications in its first 90 days.

What’s New for Indians?

Under the new scheme:

  • No property purchase, business license, or investment is needed.

  • Applicants must be nominated by approved UAE partner organizations.

  • A fixed one-time fee of AED 100,000 covers lifetime visa eligibility, including admin costs.

  • No recurring taxes or investment maintenance required.

The visa allows unrestricted re-entry and continued residency even if the holder spends extended periods outside the UAE.

Who Can Apply?

The pilot program is open to individuals with experience or expertise in sectors of interest to the UAE, such as:

  • Senior professionals in education, healthcare, and corporates

  • University lecturers, school teachers, and experienced nurses

  • Digital creators (YouTubers, podcasters, filmmakers, authors)

  • Coders, esports professionals, yacht owners, and maritime workers

Application Process:

  1. Contact an authorized agent. The Rayad Group, in partnership with VFS Global and One Vasco, is managing the nomination process in India.

  2. Submit your qualifications and background at One Vasco centres.

  3. Pay the one-time fee.

  4. Complete background checks, including criminal, financial, and social media history.

  5. Receive Golden Visa approval and lifetime residency rights upon clearance.

This simplified path to UAE residency makes the Golden Visa more accessible to talented Indians from non-investment backgrounds, marking a significant policy shift in the region’s migration landscape.


Chef Kishor Singh Joins Namak Greenville as Sous Chef to Elevate Modern Indian Dining

Chef Kishor Singh Joins Namak Greenville as Sous Chef to Elevate Modern Indian Dining

By Manu Vardhan Kannan

Published on July 8, 2025

Namak Indian Restaurant & Bar, a top culinary destination in Greenville, US, has announced the appointment of Chef Kishor Singh as its new Sous Chef. Known for his versatile expertise and creative finesse, Chef Kishor brings over a decade of experience from some of the world’s most esteemed kitchens. His impressive portfolio includes celebrated names like Sanjh Restaurant in the US, Pincode by Kunal Kapoor in Dubai, Masala Library by Jiggs Kalra in New Delhi, Andaz Delhi by Hyatt, and Taj Jai Mahal Palace in Jaipur.

At Namak, Chef Kishor is set to infuse fresh energy into the kitchen, blending traditional Indian flavours with contemporary culinary techniques. His leadership in pre-opening teams and flair for modern plating, menu conceptualisation, and operational excellence makes him a vital addition to the brand’s evolution.

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“It’s an honor to join Namak and bring my culinary journey full circle,” said Chef Kishor Singh. “This role is not only a personal milestone but also an opportunity to showcase refined Indian gastronomy with global finesse.”

His previous role at Sanjh saw him thriving under high-pressure service environments and gaining acclaim for his innovation and team training. His foundation at Masala Library and Punjabi by Nature helped shape a culinary philosophy rooted in Indian tradition and presented with modern flair.

Chef Kishor will work closely with Namak’s head culinary team to develop seasonal menus, experiment with regional dishes, and create memorable dining experiences. His appointment reflects Namak’s ongoing commitment to pushing the boundaries of Indian cuisine while honoring its roots.


Atmosphere Kanifushi Wins Maldives’ Leading Family Resort for Sixth Time

Atmosphere Kanifushi Wins Maldives’ Leading Family Resort for Sixth Time

By Manu Vardhan Kannan

Published on July 8, 2025

Atmosphere Kanifushi Maldives continues its reign as the Maldives’ top family getaway, securing the title of ‘Maldives Leading Family Resort’ for the sixth year in a row at the World Travel Awards 2025. Blending serene beauty with vibrant energy, the resort strikes a unique balance between tranquillity for couples and adventure for families, making it a preferred choice across age groups.

“This win is a testament to our team’s passion and commitment to making each stay unforgettable,” said Ram Bhoyroo, General Manager, Atmosphere Kanifushi. The resort, known for its lush landscape and turquoise seascapes, boasts one of the highest guest repeater rates in the region and constantly innovates to keep experiences fresh.

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Recent additions include the launch of the new Essens Spa, offering immersive wellness journeys, detox sessions, and even dedicated spa treatments for kids and teens. With a heart for inclusivity and an eye for detail, Atmosphere Kanifushi continues to elevate family holidays in the Maldives, earning both loyalty and accolades in equal measure.

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