SUNBIZ

$70 Million For New Holiday Inn At Denarau

Yet another new resort property development will begin in Nadi in the third quarter of this year, this time under the Holiday Inn banner. The InterContinental Hotel Group (IGH), a
23 Apr 2015 09:20
$70 Million For New Holiday Inn At Denarau
From left: Lawyer Avinesh Reddy, Minister for Industry, Trade and Tourism, Faiyaz Siddiq Koya, Avoser Ltd chief executive, Ananth Reddy, IHG head of development Australasia Matthew Tripolone during the agreement signing at the InterContinental Fiji Golf Resort & Spa yesterday. Photo: WAISEA NASOKIA

Yet another new resort property development will begin in Nadi in the third quarter of this year, this time under the Holiday Inn banner.

The InterContinental Hotel Group (IGH), a world-leading hotel company, signed a management agreement with Fijian-based property development company, Avoser Limited, yesterday.

The $70 million investment will see a 173-room resort opening its doors in the third quarter of 2018.

The new Holiday Inn will be located on the mainland, right beside the bridge into Denarau.

Travelling to Denarau, the site is on the right which is right on the river front with easy access off Denarau Road.

Holiday Inn Resort Denarau Island will be IHG’s third property in Fiji, joining Holiday Inn Suva and InterContinental Fiji Golf Resort & Spa at Natadola.

IHG head of Development Australasia, Matthew Tripolone, confirmed they will be starting reasonably soon and are well-advanced in the planning process.

He confirmed there will be 250 employments created during the construction phase and another 120 job opportunities will open up once the hotel opens.

Mr Tripolone said the resort will be designed to cater for the families and corporate.

“We feel the Denarau area needs a strong mid-market hotel to cater for the families and that is what this hotel will be designed to cater to,” he said.

“It will also have a significant element of corporate hotel.”

But he also noted the need to cater for the in-bound and outbound market which was very common in Nadi.

Avoser Limited chief executive, Ananth Reddy, was born in Fiji and educated in Australia, holding degrees in Law and Engineering.

“Denarau Island is one of Fiji’s most renowned international resort destinations, and we are seeing increasing visitor arrivals to the island every year,” he said.

“Fiji has also seen some of its highest occupancy rates in recent years and there are big opportunities for growth in rooms supply to cater to the tourism growth.

“As one of the world’s most recognised brands, we believe Holiday Inn is the right one to bring to Denarau Island and we‘re very pleased to be working with IHG to develop what will be a fantastic family resort.”

The right package

Meanwhile, the Minister for Industry, Trade and Tourism, Faiyaz Siddiq Koya, stressed the importance of offering more than a beautiful destination.

Given the hotel would include a high-end retail and commercial centre, Mr Koya said shopping is an important part of any holiday package.

“Whilst we provide the best and friendliest services, we need to ensure that we are able to cater to our markets needs in terms of extra activities, especially high-end shopping,” he said.

“We want our visitors to come to Fiji and enjoy our hospitality and not just stay in the hotels but go out and spend in our stores.   Such high-end retail and commercial developments are crucial for the growth.”

Feedback:  waisean@fijisun.com.fj

 




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