Pacific Advisory has placed the Holiday Inn, the most renowned resort and casino complex in Vanuatu, on the market.
Vanuatu.- Vendors for the resort and casino, South-West Pacific Investments, have chosen to transfer ownership in the land and buildings. However, IHG (InterContinental Hotels Group) will continue to manage the property according to a release by Pacific Advisory.
The resort contains 157 rooms, 10 waterfront bungalows, two swimming pools, a nine-hole golf course, two restaurants, two tennis courts, a café, and several bars, throughout the 18.5-hectare property. . It also includes a day spa and a casino on the site.
Glen Craig, the managing partner of Pacific Advisory, explained: “We are honoured to act as exclusive advisors on this transaction. We rarely have opportunities for investors to buy a large profitable resort in the South Pacific so this represents a rare opportunity. The operating casino is a large attraction as well for those investors wishing to target the growing gaming market.”
The property is especially proud of its connected private island that provides seclusion but at the same time allows guests to venture into the community to shop and do some sightseeing.
There are very few places left in the pacific that can be described as an “investor’s paradise,” and Vanuatu is definitely one of them. A stable government and low tax rates make it ideal to draw both businesses and tourists’ attention.
The airport at Port Vila works directly with six major international airlines; with flights coming directly from locations such as Australia, New Zealand, Fiji, and the Solomon Islands. The government worked with airline carriers to ensure that access to the area is easy, resulting in a tourist increase.