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."