Attitude Property Ltd (APL) was incorporated as a private company in Mauritius under the name of Neymar Ltd on the 4th July of 2013. APL then converted into a public company limited by shares on the 5th May 2014. APL is a subsidiary of Attitude Hospitality Ltd. APL was listed on the Stock Exchange of Mauritius under the Development and Enterprise Market in September 2015. The principal activity of APL is the leasing of investment properties to its tenants, who are currently involved in hotel operations. APL successfully implemented its business model as a real estate income driven company and owns three leasehold properties namely ‘The Ravenala Attitude’, ‘Recif Attitude’ and ‘Tropical Attitude’. The said properties are all leased out to Attitude Hospitality Ltd (AHL), for a period of 20 years with a renewal option at the end of the lease term.
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.