FHL to invest into tourism accommodation
February 24, 2018 7:56 pm
The Fijian Holdings Group is in talks with three major hotel franchise to develop accommodation this year.
Group Chief executive, Nouzad Fareed says this will be the first time for the Group to invest into a land tourism venture.
“Our tourism investment is largely based on water or sea through sea transportation, day cruises to islands, South Sea Island and Malamala Day Beach Club, Awesome Adventure, Yasawa Holiday and Vinaka Fiji which is all based on the water.”
Fareed says of the three investors, one project will commence in the next six to eight months.
FHL’s portfolio is more than two hundred fifty million of which more than 20 percent has been invested into the tourism industry.