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Pullman Nadi Bay Resort on mortgagee sale

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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