Fiji Times Online

Fiji Time: 7:20 PM on Thursday 9 September

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Chain plans investments

Monday, December 14, 2009

Investments aimed at the Pacific region will see Fiji benefit with a new hotel on the Coral Coast with nine-hole golf course announced President of the Hotel Chain Warwick International Hotels, Richard Chiu

Mr Chiu said more than $60million worth of tourism investments is being aimed at the Pacific with the Warwick International Hotels planning to have a villa style hotel right between the Naviti and the Warwick.

He added "it's seven kilometres between the two resorts and we have managed to acquire land for a golf course and villas. Unlike, the Warwick and Naviti, we will be looking at the long-aterm holiday makers, mainly from Europe."

Apart from expanding its services in Fiji, more hotels were expected to be constructed in Samoa, Tonga and French Polynesia.

Construction budget alone will cost millions of dollars in the next three years.

"We are talking about Tonga, Samoa and Fiji and not to mention we're going to increase the capacity. In the next three years, the construction will be around US$35million (FJD66m) as our construction budget," said Mr Chiu.

ANZ
Currency Inward TT Buying Rate Sell Rate
GBP3-week history 0.34060.3326
CAD3-week history 0.55060.5286
EUR3-week history 0.41550.4035
JPY3-week history 45.160042.1600
NZD3-week history 0.73530.7023
AUD3-week history 0.57940.5544
USD3-week history 0.52940.5124

from

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