Sheraton Hotels Accelerates Portfolio Growth in the Pacific with Debut of Sheraton Resort & Spa, Tokoriki Island, Fiji
Resort Completed an Extensive $18.5 Million Renovation Prior to Raising the Sheraton Flag
SYDNEY - June 10, 2014 - (BUSINESS WIRE) - 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."
As one of Fiji's largest high-caliber island resorts, Sheraton Resort & Spa, Tokoriki Island, Fiji, will feature a total of 101 guestrooms and suites, including 30 Tokoriki Retreats with private plunge pools. Additionally, the resort will offer 14 Beachfront Rooms, 14 Ocean Breeze Rooms, 18 Ocean View Rooms, seven Family Suites and 18 Island Breeze rooms. All guestrooms have been fully renovated and outfitted with the brand's renowned Sheraton Sweet Sleeper® bed, high-speed internet and 40-inch flat panel televisions.
The refurbished lobby features the signature "Link@Sheraton® experienced with Microsoft®" – a relaxed space with complimentary wireless broadband where guests can socialize and connect with friends, both old and new. On-site recreational facilities include an outdoor swimming pool, fitness center, tennis courts, kids club, two boutiques, a theater accommodating up to 50 guests, and a contemporary spa with four serene treatment rooms and a wide range of relaxation packages.
Award-winning chef and restaurateur, Peter Kuruvita brings his signature brand, Flying Fish, to Sheraton Resort & Spa Tokoriki Island, Fiji. Head Chef Kim Brennan has leveraged his culinary expertise to create an enticing menu of fresh, sumptuous Fijian seafood enhanced by fresh, local produce. The Flying Fish Tokoriki will appeal to both guests and locals with its inviting ambiance and breathtaking views of the South Pacific.
An ideal choice for meetings, weddings and functions, Sheraton Resort & Spa, Tokoriki Island, Fiji, offers state-of-the-art conference, business and meeting facilities. The resort's redeveloped function area and beachfront landscape provides a relaxing and scenic venue for a world-class meeting or event for up to 140 guests.
For more information on Sheraton Resort & Spa, Tokoriki Island, Fiji, visit www.sheraton.com/tokoriki.
About Sheraton Hotels & Resorts
Sheraton helps guests make connections at more than 400 hotels in nearly 70 countries around the world. The brand recently completed a $6 billion global revitalization and is now in the midst of an $8 billion global expansion over the next three years. Sheraton is owned by and is the largest and most global brand of Starwood Hotels & Resorts Worldwide, Inc., one of the leading hotel and leisure companies in the world with nearly 1,200 properties in 100 countries and 181,400 employees at its owned and managed properties. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four Points® by Sheraton, Aloft®, and Element®. The Company boasts one of the industry's leading loyalty programs, Starwood Preferred Guest (SPG®), allowing members to earn and redeem points for room stays, room upgrades and flights, with no blackout dates. Starwood also owns Starwood Vacation Ownership, Inc., a premier provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands. For more information, please visit www.starwoodhotels.com
SOURCE Starwood Hotels & Resorts Worldwide, Inc.
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