FNPF acquires Marriott Denarau tourism assets
May 31, 2018 4:56 am
The Fiji National Provident Fund today announced the acquisition of the Marriott Denarau tourism assets, which include the 297-room Sheraton Resort, 246-room Westin Resort, and the 111 hectare Denarau Golf Course and Development Land.
The acquiring of these assets adds to the FNPF’s existing impressive stable of hotel assets.
FNPF Board Chair, Ajith Kodagoda says this is a huge investment in Fiji’s major tourism destination and an investment which the Fund and members can be proud of.
The Denarau hotels have been operating profitably over the years and is expected to provide good returns to its members.
The FNPF as a Fijian institution had followed proper traditional protocols and advised the Yavusa Navatulevu, Sila and Nabati who are landowners about their intention to acquire these assets.
The five-star Sheraton Fiji Resort opened in 1987 and is built around a substantial lagoon pool complex and includes a selection of dining outlets and bars, including one of Denarau’s most popular restaurants – Flying Fish.
The property also features numerous retail outlets, six swimming
pools, a fitness centre, kids club, business centre and a wedding chapel.
FNPF is committed to enhancing these assets to maintain their premier position in the Fiji tourism market.”