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HDC orders closure of Riveli Restaurant in Hulhumalé over MVR 5 million in unpaid rent
HDC terminated its commercial agreement with Solaris Hospitality Private Limited, operator of Riveli Beach Club & Restaurant in Hulhumalé, citing approximately MVR 5 million in unpaid rent and unfulfilled CSR commitments. The termination took effect on Monday, 2 November, returning the land at Ruggandu 1 to HDC's control.
LatestOrdered to vacate Riveli Restaurant in Hulhumalé over unpaid rentThe Edition, 2 Nov, 21:22
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What happened
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Mon 2 NovThe lease agreement for the land operating Riveli Beach Club and Restaurant was terminated and HDC took custody of the land.Hulhumalé2 Novonly The EditionDue to long-overdue rent payable to HDC, the lease agreement for the land operating the famous Riveli Beach Club and Restaurant in Hulhumalé was terminated today, and instructions were issued not to conduct any business at the venue.
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Who said what
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Therefore, we inform that following the decision to repossess this land starting today, Solaris Hospitality Private Limited will not be able to conduct any type of commercial transaction or provide any service at Lot No. 10877 of Hulhumalé
None of the required CSR initiatives have been carried out either. Even when letters were sent under the agreement, only a portion of the rent was paid. From the beginning, rent has not been paid regularly.
We also assure that this corporation makes such decisions after providing the broadest possible opportunity to businesses established in Hulhumalé to provide services to the public.
Different words do not mean different facts: the cards above compare headline wording only.
Who reported it, and when
2 outlets, over 2 h 18 min
The Standard2 Nov, 19:04 · first report
The Edition2 Nov, 21:22 · 2 h 18 min later
2 Nov, 19:042 Nov, 21:22
Newest report: The Edition, 2 Nov, 21:22. Reports with a date and no time are listed but not placed on the line.
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Outstanding rent owed by Solaris Hospitality to HDC as of 2 November 2026approximately MVR 5 millionThe StandardAn HDC official told Mihaaru that the company currently owes approximately MVR 5 million in outstanding rent, with payments having been irregular since the beginning of the agreement.
The lease agreement for the land operating Riveli Beach Club and Restaurant was terminated and HDC took custody of the land. 2 NovThe EditionDue to long-overdue rent payable to HDC, the lease agreement for the land operating the famous Riveli Beach Club and Restaurant in Hulhumalé was terminated today, and instructions were issued not to conduct any business at the venue.
approximately MVR 5 millionOutstanding rent owed by Solaris Hospitality to HDCThe StandardAn HDC official told Mihaaru that the company currently owes approximately MVR 5 million in outstanding rent, with payments having been irregular since the beginning of the agreement.
Word for word from the report in The Standard. Open the report
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