News
Pullman Nadi Bay Resort on mortgagee sale
Praneeta Prakash August 2, 2020 7:28 am
The Pullman Nadi Bay Resort and Spa Fiji is up for mortgagee sale.
The Fiji Development Bank has published a tender for the resort and an adjacent property in Wailoaloa Nadi, developed by Travel World Resorts Limited.
A subsidiary of the Gokal group of companies, Travel World completed and opened the Pullman Resort last May managed by global operator Accor Hospitality.
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FBC News understands the Travel World owes more than $40 million dollars to the FDB and other debtors.
The Bank is now inviting tenders for the resort and 2.8 hectares of vacant land.
Construction Company Western Builders has also filed a Winding Up application against the resort for monies owed.
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