Who owns Adaaran Resorts?
Adaaran Resorts is owned by Aitken Spence (Sri Lanka, CSE: SPEN.N0000).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Aitken Spence PLC — Annual Report 2025-2026. Last checked .
Key facts
- Current owner
- Aitken Spence PLC reported
- Owner HQ
- 🇱🇰 Sri Lanka, Colombo
- Origin
- 🇲🇻 Maldives · browse countries
- Category
- Travel & transport › Hotels › Resorts
- Parent ticker
- CSE: SPEN.N0000
- Last verified
- · 1 sources
About Adaaran Resorts
Adaaran Resorts is Aitken Spence's resort brand in the Maldives, where the group arrived in 1993 by buying Bathala Island Resort, which it describes as the first move overseas by a Sri Lankan resort operator. Its resorts carry Club, Select and Prestige names: Adaaran Club Rannalhi, Adaaran Select Meedhupparu, Adaaran Select Hudhuranfushi and Adaaran Prestige Vadoo, opened in 2008. The group's five Maldives properties, which include Heritance Aarah, have 762 keys and all hold Green Globe certification.
Ownership timeline of Adaaran Resorts
- Current owner Aitken Spence [1] reported Aitken Spence holds its hotels through several companies, in which its effective interest ranges from 44.69% to 86.99%, mostly through its 74.49%-owned listed subsidiary Aitken Spence Hotel Holdings PLC. Its annual report does not say which company holds the brand name.
Where Adaaran Resorts sits in Aitken Spence
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Aitken Spence ownership tree →
See the full Aitken Spence brand portfolio (3) →
Other brands owned by Aitken Spence
Aitken Spence controls 3 brands on Brandtree, 3 of them in travel & transport.
Also in travel & transport
Other brands in resorts, and who owns them
The 37 brands in resorts on Brandtree belong to 12 owners. The largest is Vail Resorts, with 22; Aitken Spence has 2.
| Brand | Owner | Owner based in |
|---|---|---|
| Andermatt-Sedrun | Vail Resorts | 🇺🇸 United States |
| Bluegreen Vacations | Hilton Grand Vacations | 🇺🇸 United States |
| Lalandia | PARKEN | 🇩🇰 Denmark |
| Park Holidays | Sun Communities | 🇺🇸 United States |
| Extended Stay America Suites | Extended Stay America | 🇺🇸 United States |
| Qmin | IHCL | 🇮🇳 India |
| Grand Geneva Resort & Spa | Marcus Corporation | 🇺🇸 United States |
| Interval International | Marriott Vacations Worldwide | 🇺🇸 United States |
About the owner: Aitken Spence
Aitken Spence is a publicly listed company headquartered in Colombo, Sri Lanka, founded in 1868. Brandtree records 3 brands under its control, and it is listed as CSE: SPEN.N0000.
Aitken Spence is a Sri Lankan conglomerate that began in 1868 as Clark & Spence, a partnership of merchants and commission agents in Galle, and took its present name in 1873. Listed on the Colombo Stock Exchange since 1983, it reports through tourism, maritime and freight logistics, strategic investments and services. Group revenue was Rs. 96.6 billion in the year to March 2026, of which tourism, covering hotels, destination management and airline sales agencies, brought in Rs. 68.7 billion.
Aitken Spence: full profile, brands and acquisition history →
Frequently asked questions
Who is the parent company of Adaaran Resorts?
The parent company of Adaaran Resorts is Aitken Spence, a publicly listed company headquartered in Sri Lanka.
Is Adaaran Resorts Maldivian or Sri Lankan?
Adaaran Resorts originated in the Maldives, but it is owned today by Aitken Spence, which is headquartered in Sri Lanka. So Adaaran Resorts is a Maldivian-origin brand under Sri Lankan ownership.
Is Adaaran Resorts still owned by Aitken Spence?
Yes. As of 24 October 2026, Adaaran Resorts is still owned by Aitken Spence. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Aitken Spence PLC — Annual Report 2025-2026 — Aitken Spence PLC, Annual report; retrieved 24 October 2026.
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