Fiji Time: 8:08 AM on Saturday 22 October

Fiji Times Logo

/ Front page / News

5-star resort opens

Shayal Devi
Sunday, May 04, 2014

A $35million investment by P.Meghji Trading Limited has resulted in the opening of the first branded five-star resort in the Mamanucas.

Managed by Starwood Properties, the Sheraton Resort and Spa Tokoriki Island Fiji has generated about 110 jobs for locals.

P. Meghji Trading Limited director Dinesh Meghji said this investment would bring revenue to the local community.

"Our initial budget for this was $25m," he said.

"We surpassed that by $10m. We are very proud to invest in the hospitality sector."

Mr Meghji said construction of this property began 13 months ago.

"We have a contract that Sheraton will manage this property for the next 15 years."

Sheraton Fiji general manager Shane Cunning said this was the fourth property for Starwood in the country.

Prime Minister Rear Admiral Voreqe Bainimarama was the chief guest at the event.

"Their investment of $35m in this 101-room resort signals not only an enormous vote of confidence in our tourism industry but also the Fijian economy," he said.

"This expansion fuels economic growth and job creation, like the 110 jobs here on Tokoriki, 51 of which are for members of the local community."

Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Code Inward TTs Outward TTs
CAD 0.65020.6312
JPY 51.786748.7867
GBP 0.39950.3915
EUR 0.44950.4375
NZD 0.68980.6568
AUD 0.64760.6226
USD 0.49350.4765



Exchange Rate updated on 21st October, 2016

Today's Most Read Stories

  1. 'I heard Soko screaming in pain'
  2. NFP wants Khan probe
  3. PM praises Key
  4. Christian values taken out of proportion, says padre
  5. Citizens report TV program to Police
  6. Twist at FHL meet
  7. Health issues prompt Khan's resignation
  8. School zoning
  9. Chand chases childhood dream
  10. EU ready to give $67.5m

Top Stories this Week

  1. Former flight attendant invests in farming business Wednesday (19 Oct)
  2. Calls for USP vice chancellor to step down Tuesday (18 Oct)
  3. A daughter's sacrifice Thursday (20 Oct)
  4. A gambler's wife Saturday (15 Oct)
  5. Rugby offer Monday (17 Oct)
  6. Dad's cry for justice Tuesday (18 Oct)
  7. 'I never knew Soko' Thursday (20 Oct)
  8. Hero's welcome Wednesday (19 Oct)
  9. 18 workers on the run Tuesday (18 Oct)
  10. My heart cries out Monday (17 Oct)