Fiji Time: 2:12 PM on Wednesday 31 August

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.

Westpac
Code Inward TTs Outward TTs
CAD 0.64230.6233
JPY 51.143748.1437
GBP 0.37350.3655
EUR 0.43970.4277
NZD 0.68600.6530
AUD 0.65580.6308
USD 0.49220.4752

from

$0.00

Exchange Rate updated on 31st August 2016

Today's Most Read Stories

  1. Gregan joins Kunatani in Navosa
  2. New face on the runway
  3. Fijian 7s friends
  4. Rawaca finally receives his Olympic Games medal
  5. Vessels put to rest in the deep
  6. Chief's vision fulfilled
  7. $500m for project
  8. No reports filed over alleged website hacking
  9. Trade dispute
  10. New court for school

Top Stories this Week

  1. Mata signs new deal Sunday (28 Aug)
  2. Wong helps Rawaca get a gold medal Friday (26 Aug)
  3. 1 charged, 2 under probe for break-in Thursday (25 Aug)
  4. Veremalua gets help from Ryan on overseas contract Saturday (27 Aug)
  5. Ryan's plan to return to Fiji Tuesday (30 Aug)
  6. Kolinisau surprises fans with Macuata dialect Friday (26 Aug)
  7. Violence stops TISI Sangam annual meeting Sunday (28 Aug)
  8. Ryan may return Friday (26 Aug)
  9. 'No place like Fiji' Tuesday (30 Aug)
  10. Ryan's big day Tuesday (30 Aug)