THE Hexagon Group of Hotels has spent about $7 million to $7.5m in land development works in its Yadua Bay Resort & Villa Integrated Resort Development project.
Marketing consultant for the Yadua Bay Resort & Villas, Harmony Thomas said the money spent was for the subdivision part only with a further $500,000 budget set for the ocean front lots which would be subdivided with titles made in the next four to six months' time.
The Hexagon Group held a function at their Suva Motor Inn last night to launch the opportunity to invest into Yadua Bay Resort & Villa Integrated Resort Development with a similar function scheduled to be held in Nadi tomorrow.
Ms Thomas said for the hotel part, total investment was $10m with the next phase of development to be four by townhouses next to the resort (to supplement the resort), with $2.2m per townhouse set aside.
The Yadua Bay Resort & Villas is expected to be Fiji's latest four-star boutique hotel and once fully operational, the resort would provide employment to at least 100 people.
"We have some lots and villa's already in the pipeline to be sold and constructed on and are very excited to welcome new prospect buyers looking for a holiday home that can earn them immediate returns with the lease back opportunities with the four-star boutique resort which is scheduled to open in October 2017," said Ms Thomas.
She said the interest from potential investors was high and they were excited to share their details with all interested parties soon.
Meanwhile, Ms Thomas said every resort had its own character and draw points and the location of their property spoke volumes about its appeal.
"Yadua Bay Resort & Villas sits on the famous coral coast boasting unobstructed views. "What makes Yadua Bay Resort & Villas unique is the opportunity it offers its buyers. Not only will they have a spectacular piece of property with breath taking views, but they will also have an asset that can earn them great returns.
"We see a gap in the four-star boutique hotel industry and Hexagon Group has long been developing hotels and resorts which have become successful and popular properties. We are therefore confident Yadua Bay Resort & Villas will achieve great things for its investors."