JLL Hotels & Hospitality Group are proud to exclusively offer for sale one of the South Pacific’s premier hotel casino establishments; Iririki Island Resort & Spa, set on its own oasis in the pristine waters of Vanuatu’s capital, Port Vila.
The offering presents an exceptional opportunity to enter one of the fastest growing markets in Asia-Pacific with a number of avenues to grow the business.
Key features and investment highlights include:
- 4.5-star trophy resort featuring 72 spacious villas and an additional 68 strata titled units, five food & beverage outlets, extensive meeting facilities and day spa
- Iconic trophy asset occupying an envious 69-acre [28 hectare] island just 200 metres from mainland
- Highly profitable operation with substantial room for growth following a USD$16 million renovation
- Ability to expand the operational footprint by building new over-water villas
- Vanuatu’s premier casino facility with approvals to expand the operation to the region’s largest
- The hotel is offered with vacant possession of management
- Vanuatu’s international airport currently undergoing expansion, set for completion in June 2019