SUNBIZ

Cathay Hotel Lautoka Purchased By Challenge Group Of Companies

Challenge Group of Companies chairman Suresh Patel confirmed the purchase saying this took place in December 2019 but did not wish to disclose the purchased price.
02 Mar 2020 12:46
Cathay Hotel Lautoka Purchased By Challenge Group Of Companies
Cathay Hotel in Lautoka, Purchased by Challenge Group. Photo: Charles Chambers

Cathay Hotel, one of Lautoka’s oldest, has been sold to the Challenge Group of Companies.

This is the second hotel purchase for the Lautoka-based company after Trans International Hotel was acquired late last year.

Challenge Group of Companies chairman Suresh Patel confirmed the purchase saying this took place in December 2019 but did not wish to disclose the purchased price.

“Yes Challenge Group bought the property and will have to look at upgrading the place,” Mr Patel.

Although he did not reveal as to what direction and new-look he wanted to give the hotel, Mr Patel said all rooms would be refurbished to bring them up to standard.

Challenge Group acquired the property from Cathay Hotels (Fiji) Pte. Limited from Suva, whose owners are abroad.

Cathay Hotels was once a major accommodation and hotel operator. its properties once included Suva’s Grand Pacific Hotel.

The Cathay Hotel was once regarded at Lautoka’s best. It is located near along Tavewa Avenue and directly opposite Northern Club and has had a few owners over the years.

The hotel was suited mainly for budget travellers who were looking for a little less expensive place to stay.

The hotel has a total of 38 rooms, ranging from those with twin beds to dormitory-style with some rooms being air-conditioned while others have fans.

Amenities include a swimming pool, restaurant and is located close to Lautoka’s Central Business District (CBD).

Staff did not wish to comment on the sale.

The Challenge Group of Companies include Automart, Mobile Cranes and Challenge Engineering Limited (which Challenge Properties come under).

Feedbackcharles.chambers@fijisun.com.fj


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