Fiji Time: 4:07 PM on Thursday 8 December

Fiji Times Logo

/ Front page / News

Tourism industry leader divests interests

Felix Chaudhary
Monday, February 03, 2014

A TOURISM industry leader has divested his interests in two resort properties that have become celebrated icons in the leisure and holiday industry.

Geoffrey Shaw, the man who revamped the former Reef Resort into the multi-award winning Outrigger on the Lagoon and took Castaway Island Resort from receivership into one of Fiji's outstanding success stories has sold his stake in both businesses to Outrigger Hotels Hawaii.

Mr Shaw said the Hawaii-based family run business had been a partner in Outrigger Fiji for the past 15 years.

"The Kelley family are the owners of the Outrigger group of companies and we share the same philosophy in terms of values, principles and hospitality," he said.

"This common philosophy has provided me with the catalyst of comfort in passing the baton of ownership to the Kelley family at this time."

Mr Shaw acquired the Reef Resort in 1989 and Castaway in 1992.

He developed a relationship with Outrigger Hawaii during the redevelopment of the Reef Resort in 1997.

Despite the sale, he will remain involved with the operations of both properties as a consultant for some time.

Darren Edmonstone, managing director Asia-Pacific Outrigger Hotels and Resorts, said his company was delighted to have the opportunity to take over the two award-winning properties and include them in a global chain.

"The full acquisition was a mutual agreement that was in the making for a long time and it's a transaction that will benefit all," he said.

"Outrigger's growth strategy is to create a global hospitality brand in holiday destinations around the world."








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.64300.6240
JPY 55.881552.8815
GBP 0.38330.3753
EUR 0.45090.4389
NZD 0.68530.6523
AUD 0.65230.6273
USD 0.48750.4705

from

$0.00

Exchange Rate updated on 8th December, 2016

Today's Most Read Stories

  1. Gates not happy with system
  2. Quest for justice
  3. NFP: Stop wilful removals
  4. 'We'll miss him'
  5. Student likes concept put in place for learning
  6. Firefighters rescue four in town blaze
  7. Sevens plot
  8. Men move into nursing
  9. College churns out 445 graduates in 9 years
  10. $100m sugar projects

Top Stories this Week

  1. Superstition or fact Sunday (04 Dec)
  2. Shes Dunn it again! Friday (02 Dec)
  3. Call to be prepared for cyclone season Friday (02 Dec)
  4. Black magic claim Saturday (03 Dec)
  5. Doctors reveal, heavy grog swipers require more drugs for surgery Saturday (03 Dec)
  6. Fiji mum, baby kept in cell Wednesday (07 Dec)
  7. Salary review plan for teachers, says Reddy Monday (05 Dec)
  8. Fatal torture Wednesday (07 Dec)
  9. Fiji's Year 10 results out Tuesday (06 Dec)
  10. Year 10 results out, 45pc pass Wednesday (07 Dec)