Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced its global powerhouse Sheraton has expanded its resorts portfolio with the opening of Sheraton Resort & Spa, Tokoriki Island, Fiji. Owned by local Fijian proprietary company, Ritam Investments Ltd, part of the P Meghji Group, the previously independent resort underwent an extensive $18.5 million renovation and conversion project prior to raising the Sheraton flag. The debut of Sheraton Resort & Spa, Tokoriki Island, Fiji, marks the Sheraton brand’s eighth property in the Pacific region and Starwood’s fourth operating property in Fiji, joining Sheraton Fiji Resort, Sheraton Denarau Villas and The Westin Denarau Island Resort & Spa.
“Sheraton continues to grow at a phenomenal pace by leveraging its first-mover advantage. The opening of Sheraton Resort & Spa, Tokoriki Island, Fiji, not only adds another world-class property to the rapidly expanding Sheraton resorts portfolio, but also strengthens Starwood’s position in the Pacific,” said Sean Hunt, Regional Vice President, Starwood Hotels & Resorts, Pacific. “The only internationally branded hotel in the Mamanuca Islands in Fiji, Sheraton Resort & Spa, Tokoriki Island, Fiji, will serve as a gathering place for both business and leisure travelers, where they can enjoy all of the brand’s signature amenities and services in an idyllic, beachfront location.”
Sheraton Resort & Spa, Tokoriki Island, Fiji, is situated on a 35-acre beachfront property in the south-western corner of Tokoriki Island, the northernmost island within Fiji’s idyllic Mamanuca group. Guests can reach the island via a 12-minute helicopter flight from Nadi or a one-hour boat ride. Fiji is the most easily accessible Pacific island nation and serviced by a number of carriers including Fiji Airways, with direct flights to Nadi out of Sydney, Melbourne, Brisbane Auckland, Los Angeles, Seoul and Hong Kong.
“We are delighted to embark on this new chapter with a leading and internationally recognized hotel company, Starwood Hotels & Resorts,” said Ritam Investments’ Director, Romit Meghji. “The Prime Minister, Rear Admiral Vorege Bainarama’s government has implemented generous investment incentives to encourage investment in the local economy. We are confident in the long-term security and growth of the Fijian market and trust that we will reap the rewards of this positive investment climate. We believe that our new venture will be a great success and a significant boost for the local economy. We have already created around 110 jobs on Tokoriki Island, 51 of which are for members of the local community.”