Fiji Time: 3:46 PM on Wednesday 27 July

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 0.64280.6238
JPY 51.642848.6428
GBP 0.36980.3618
EUR 0.44320.4312
NZD 0.69720.6642
AUD 0.65220.6272
USD 0.48920.4722

from

$0.00

Exchange Rate updated on 27th July 2016

Today's Most Read Stories

  1. Probe as student jumps off building
  2. 7s team settles well in Chile
  3. Tuisova sets rugby target
  4. Sugar Bills
  5. Mission Rio 2016
  6. Harvest contract plea
  7. Impartiality plea for cane industry
  8. Bolalevu: Hydro station work ongoing
  9. Mine sites inspection
  10. Severe TC Winston assessment 'a top priority'

Top Stories this Week

  1. Sami's best try Saturday (23 Jul)
  2. Radio announcer in court Saturday (23 Jul)
  3. Tourist fined $400 for apples Tuesday (26 Jul)
  4. Fitter and faster Tuesday (26 Jul)
  5. Black money Monday (25 Jul)
  6. 7s special Thursday (21 Jul)
  7. Allegiance switch Sunday (24 Jul)
  8. Student jumps from school building Tuesday (26 Jul)
  9. Reaction from 7s players Monday (25 Jul)
  10. Alleged rape victim out of hospital Monday (25 Jul)