$250m investment

From left: Kunaseelan Sabaratnam, the retail and marketing director of Carpenters Fiji Ltd, Carpenters Properties Ltd chairperson Vishnu Mohan, WR Carpenter (South Pacific) Ltd director Daniel Whippy and SinclairBrook construction director Steven Tucker a

From left: Kunaseelan Sabaratnam, the retail and marketing director of Carpenters Fiji Ltd, Carpenters Properties Ltd chairperson Vishnu Mohan, WR Carpenter (South Pacific) Ltd director Daniel Whippy and SinclairBrook construction director Steven Tucker a

THE tourism sector could receive a much needed boost in terms of availability of 3-star and 5-star hotel rooms once the completion of projects undertaken by Carpenters Properties Ltd.

Carpenters Properties Ltd which is a subsidiary of WR Carpenter (South Pacific) Ltd, have embarked on property development projects worth $250 million, at the Suva foreshore, which will be completed in two phases.

At a press conference held yesterday, Carpenters Properties Ltd chairperson Vishnu Mohan said phase one of the project was the 3-star, 180-bedroom hotel worth $30m which was expected to be completed in November this year while phase two of the hotel would be completed in March next year.

Construction on the project started in January this year by contractor Pacific Building Solutions.

WR Carpenter (South Pacific) Ltd director Daniel Whippy confirmed that once completed the 3-star hotel was expected to create about 300 to 400 jobs.

Mr Mohan said the group had also started work on their Carpenters Towers which was an 18 storey office block worth $70m.

“So the first project is the Carpenters Towers which is an 18 storey office block and construction has already started with project expected to be completed in March next year,” said Mr Mohan.

The completion of the 3-star hotel will be followed by the construction of a 5-star 150-bedroom hotel with 80m luxury apartments above it at an investment of $100m followed by 80 apartment hotels worth $50m.

Mr Mohan said Suva lacked hotel rooms in terms of 3-star and 5-star service and the projects would be able to cater for the growing demand from tourists and local guests.

He said projects of such magnitude were bound to generate economic activity and employment.

“With good support from Government in terms of incentives in the tourism and building sector we feel this is the opportune time to launch into such projects, especially here in Suva,” he said.

Mr Mohan said international operators had bid for two hotels and they were optimistic that the popular brand of the bidders would augur well for their hotels.