Mubadala Development Co has said it has partnered with Maldives-based luxury hotel developer EoN Resorts to develop an ultra luxury resort in the Maldives. The hotel will be operated by Viceroy Hotels & Resorts, of which Mubadala is a 50% shareholder. Due to open in December 2010, the new property will be the first Viceroy to open outside of the Americas, and will feature 61 luxury villas.