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."