Operator News
Vanuatu – Holiday Inn Resort and Casino in Vanuatu up for sale
By Phil - 28 October 2019
Vanuatu’s most renowned resort and casino complex has been put up 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, said: “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.”
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.
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.
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.
