A signing ceremony was held at the Radisson Hotel Group office in Dubai, formalising an international agreement between developer Teus Group and Radisson Hospitality Belgium.
The parties entered into an International Management Agreement, under which Radisson will manage the first joint project between Teus Group and Radisson in the Maldives, in line with the brand’s global standards and the terms set out in the agreement.
The ceremony was attended by Ramzy Fenianos, chief development officer, Asia Pacific, Radisson Hotel Group, who emphasised the strategic value of the partnership and the shared focus on long-term asset performance.
“We highly value partnerships built on a shared long-term ambition — to create a project that delivers stable operational performance and strengthens its value over time. For Radisson, transparency, accountability, and clear management KPIs are essential, as well as an owner-first approach, where the investor is considered a key customer alongside the guest,” said Ramzy Fenianos, chief development officer, Asia Pacific, Radisson Hotel Group.
The agreement marks a significant milestone for both companies and paves the way for the development of a new resort in the Maldives, a market where international hospitality standards, structured management frameworks and consistent service quality control are critical.
Under the terms of the agreement, Radisson will oversee the full operational management of the asset, including implementation of the operating model, adherence to brand standards, commercial strategy and performance management — all central to ensuring the long-term stability and competitiveness of premium resort real estate.
“The Maldives is a market where management quality is decisive. That is why we approach project delivery in a highly structured way — from concept creation and product positioning to international operational management. Our partnership with Radisson is a confirmation of the ambition and standards with which Teus Group continues to expand across global markets,” commented Basel Houari, founder and CEO of Teus Group.
The Maldives resort will form part of Teus Group’s growing international portfolio and aligns with its strategy of developing resort real estate in collaboration with leading global hotel operators.
The signing in Dubai reflects the level of mutual confidence between the two organisations and signals the start of a new phase of cooperation focused on delivering a project that meets international benchmarks for service, quality and operational efficiency.