Subscribe to Fiji Sale - Lists Properties on Mortgagee Sale in Fiji
Powered by groups.yahoo.com

This blog is brought to you by Gilbert & Samuels Company Limited, a financial advisory services and consulting company based in Suva, Fiji.
To contact the authors of this blog, please call telephones (679) 3342719, (679) 3544897 or e-mail info@gilbert.com.fj.


Saturday, March 17, 2007

Australian company to develop two 200-room hotels at Yaqara

An Australian company, Resorts and Property International Limited (RPI), has been given the go ahead to develop two 200-room hotels at Yaqara.

In the arrangement, RPI would secure a 25% interest in Yaqara Group Limited and sublease two waterfront sites for development of the two hotels at Yaqara Studio City.

The company intends to build a 5-star Ivana Souht Pacific resort and a 3- or 4-star Ivana brand resort.

RPI's stake in the Yaqara Group would total F$6.76 million, made up of F$4.05 million cash and F$2.71 million shares.

The construction of the two hotels will commence in 2009.

Yaqara is located at the Ra Province on Viti Levu, near Rakiraki.

Labels: , ,

1 Comments:

At 7:48 AM, Anonymous Anonymous said...

Not sure about that project. First it wa strictly a Studo City now a resort.
In any event, the ownership of the land is still being deliberated; as there are some mataqalis who have sought legal action, for the state claiming Ultimus Haerus; when there are still living claimants. NLTB also comes into the picture, for some mis-representation.

 

Post a Comment

<< Home