The Fiji National Provident Fund spent around $26 million on the major make over of the Sheraton and Westin properties in Denarau.
This was confirmed by the FNPF Chief Investment Officer, Viliame Vodonaivalu who says that this make over was completed in four months to ensure it was ready by May 1st for the ADB Governors meeting.
Vodonaivalu says the refurbished Sheraton and Westin properties has helped establish Fiji’s status in the Meetings, Incentives, Conventions and Exhibitions segment of the global tourism industry.
He says this involved a total make‑over of the meeting facilities, building new breakout meeting rooms and a new satellite kitchen, as well as operational capex items.
Vodoinalu says work was carried out by Fletcher Construction Ltd, and were contracted for the refurbishment of the ICC, Ball room, Chime Restaurant and a new satellite kitchen to cater for major
He says the ADB meeting was good publicity for the Hotel Properties and Fiji tourism as a whole to host in the off peak tourist season.
He adds that such a meeting had the potential to create more room nights for the resorts, positively impacting the owner’s returns.
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