Offered for the first time in 25 years, Vanuatu’s most renowned resort and casino complex is offered for sale by the South Pacific’s largest corporate advisory firm, Pacific Advisory.
The Holiday Inn Resort and Casino in Vanuatu is now on the market as a going concern by way of International Expressions of Interest.
The vendors, South West Pacific Investments, are divesting of their ownership of the land and buildings whilst IHG will continue to manage the property.
Glen Craig, managing partner of Pacific Advisory says, “We are honoured to act for the vendors as exclusive advisors on this transaction. We infrequently have opportunities for investors to buy a large profitable resort in the South Pacific so this represents a rare opportunity. It has significant upside with much of the 18.5 hectares ideal for future development. The operating casino is a large attraction as well for this investors wishing to target the growing gaming market.”
There are few places left in the Pacific that can truly be described as an investor’s Paradise. An established yet not crowded tourism industry; one of the last remaining tax havens and a stable government means Vanuatu is attracting astute business investors from around the world.
Currently Port Vila is serviced by six international airlines with direct flights from Australia, New Zealand, New Caledonia, Fiji, Solomon Islands and PNG. The government and national carrier have embarked on a strategic marketing campaign to attract new lucrative markets including China and beyond.
The capital Port Vila is a thriving centre and home to the country’s best restaurants, tours, hotels and resorts. A key financial centre, Vanuatu attracts investment from all over the world with a number of international banks and offshore financial advisors in the country.
Vanuatu is pro-sustainable development. The government is investing In tourism, upgrading their two international airports – with the main airport in Port Vila, just 10 minutes from this property, to be Code-E opening up the potential for long haul fights within the next few years.
It is the gateway to the Pacific with regular connecting flights to Asia, America and Europe.
About the property
This 157 room, 18.5 hectare waterfront resort, currently managed by IHG and branded as Holiday Inn is well established. The property has 10 over-water bungalows, two recently upgraded swimming pools, a nine-hole golf course, two tennis courts, two restaurants, a cafe and several bars along with a day spa and casino on site. All of this plus a connected private island makes this property Vanuatu’s finest investment opportunity.
Set on the shores of the magnificent Erakor lagoon, the property is a favourite for not only the family holiday market, but also the corporate business traveller and gaming market thanks to its significant business centre, ballroom and casino on site.
With multiple income streams this property offers only upside opportunity. There is so much room to further develop at least another 10 over-water bungalows and more than 20 family villas. Or you could take advantage of Vanuatu’s attractive strata title laws and sell managed villas in a holiday letting pool.
The resort has been operational for 25 years and has enjoyed a solid reputation as Vanuatu’s most successful tourism investment, partnering with leading hotel brands since opening.
With so much development land to expand, a casino license and a growing tourism industry, the sale of this property is an opportunity to secure a sound investment in Paradise.