Attitude Property Ltd (APL) was originally incorporated as a private company in Mauritius according to the Companies Act 2001, under the name of Neymar Ltd on July 4th 2013. APL was converted into a public limited company by shares on May 5th 2014.
APL is a subsidiary of Attitude Hospitality Ltd (AHL). AHL’s Board opted in favour of a new business model whereby the property ownership of its hotels would be segregated from its hotel business. APL was therefore established to hold the properties of AHL and to rent these out with the objective to maximise shareholder return from its property portfolio.
APL’s only source of revenue is the rental income it receives from its three hotel properties: The Ravenala Attitude, Tropical Attitude and Récif Attitude. This is a 20-year binding lease agreement with AHL.
AHL is an investment entity, holding shares in various companies in the hotel and tourism industry. AHL was launched in 2008 with the aim to think outside the box with a new ‘Attitude’, encouraging guests to discover the authentic soul of Mauritius and position itself as a responsible economic player that supports sustainable development.
Today the group manages nine hotels, known collectively as Attitude Hotels, and employs 1600 people, known as Family Members. Through continuous expansion and innovation, ‘Attitude’ has become a leading brand, as well as a reference for the mid-market segment.
The business model of APL is to acquire hotel properties to be leased out on a long-term basis. APL aims to increase its portfolio of hotels over the next 5 years while maintaining non-dilutive returns to its shareholders.
Our mission is to ensure that the properties are always well maintained through an assets protection policy established at the start of every lease. We give particular focus on delivering upon shareholders’ return (dividend) expectations.