AMUNUCA Island Resort and Spa in the Yasawas is closed and embarking on a $25million renovation and extension program.
The resort is owned by Ritam Investments Ltd which it plans to turn into a five-star resort.
Ritam Investments Ltd is controlled by the P Meghji Group, a Fiji-based company renowned as the liquor king and wine masters throughout the archipelago.
The company's executive director Romit Meghji said this was the first stage.
"The next stage will be residential and as a local company, we are keen to invest and grow Fiji's tourism. And what a way to start with this gem of a resort," Mr Meghji said.
He said the project would see 110 quality rooms, two restaurants with a brand new kitchen, A 40-seater theatre, tennis courts, helipad, new spa on top of a swimming pool, new pool, conference centre, rainforest cafÃ©, boutique shops and landscaping on a gigantic scale.
"We will keep our travel partners updated, especially the re-opening date which will be announced well in advance."
"The finished product will be a five-star resort and managed by one of the major international chains."
Mr Meghji said it would cater all the key segments of the industry, such as the families, couples, honeymooners, weddings, conferences and incentives.
Therefore, with its 35 acres and half kilometre white sandy beach, he said the resort was destined to be one of Fiji's premier island resorts.