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Meet the developer of Holiday Inn at Denarau

One of the big announcements this week was the new resort property development under the Holiday Inn banner where $70 million will be invested. Construction of the 173-room resort is
25 Apr 2015 11:15
Meet the developer of Holiday Inn at Denarau
Avoser chief executive, Ananth Reddy.

One of the big announcements this week was the new resort property development under the Holiday Inn banner where $70 million will be invested.

Construction of the 173-room resort is estimated to begin in Nadi in the third quarter of this year.

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

Avoser Limited chief executive, Ananth Reddy, is a Fijian born educated in Australia holding degrees in Law and Engineering.

Mr Reddy has assured the benefits of the project will trickle down through the community.

He will be sourcing as much local products for the resort as possible.

“I believe that too much wealth in one entity, or person or organisation is not good. Wealth is only good if its shares or accrued by society,” he said.

“My firm belief is that projects like this should benefit the society.

“The one promise I could make to the Government is at the completion of the project, we will ensure maximum community participation in terms of suppliers.

“We will ensure most of the products available like food etc are sourced from the local community.

“Even if it compromising some of the quality but I am sure it will get better when we stick to the community sourcing.

“Community benefits are extremely important and that is our way of giving back.”

 

Developer background

Mr Reddy’s speciality is engineering law and that is how he got into development.

“I have been in the property development for the past 30 years – since the day I got out of university – I have worked for three large development companies,” he said.

Mr Reddy’s family had a small humble business and he has grown it to where it is now over the past nine years.

“My father was in business but not big time developer. He passed away when I was in university,” he said.

“But it was because of him I chose the field of development – he pushed me into engineering and civil engineering and law. And that’s how we started off.”

 




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