LOS ANGELES—Three of Fiji’s most iconic and best known hospitality assets—Sheraton Fiji Resort, The Westin Denarau Island Resort & Spa and Denarau Golf & Racquet Club—have been listed for sale on behalf of Starwood Hotels & Resorts Worldwide, Inc.
The assets will be sold with the benefit of a long-term management contract with Starwood, which has owned and managed the properties for many years.
“The sale of our Fiji assets will continue to advance Starwood’s commitment to an asset-light strategy, and we expect the properties to attract strong, global investor interest,” stated Simon Turner, president of global development for Starwood. “We will continue to have a long-term presence in Fiji through our ongoing management of these properties and, as always, will seek out the right owners and partners to create value for our shareholders.”
Starwood has appointed CBRE Hotels as the exclusive selling agent for its three Denarau Island properties, which will be offered for sale via an international marketing campaign.
The five-star Sheraton Fiji Resort opened in 1987 and has been upgraded in recent years. Situated on 10.1 hectacres of land, the 300-room resort is built around a substantial lagoon pool complex and includes a selection of dining outlets and bars. The property also features seven retail outlets, six swimming pools, a fitness center, kids club, business center and wedding chapel.
Located next door is The Westin Denarau Island Resort & Spa, also situated on 10.1 hectares of land. Opened in 1976, the 276-room resort features amenities including The Kitchen @ Westin, a wine bar and grill, as well as six tennis courts, four swimming pools, a day spa, fitness center, bowling green and six retail outlets.
The Denarau Golf & Racquet Club encompasses over 110 hectares and includes an 18-hole championship golf course, as well as a substantial clubhouse facility and a tennis center.