One of Fiji’s leading luxury resorts is for sale
Yasawa Island Resort & Spa, one of Fiji’s leading luxury resorts, has been listed for sale by Sydney based vendors James and Erin McCann. Located off the northwest side of Fiji’s main islands, Yasawa Island Resort & Spa is accessed via a 25-minute flight from Nadi International airport. The facility is the sole occupant on the 30ha island with 18 luxury beachfront bungalows, a private airstrip, world-class food and beverage and an award-winning day spa.
CBRE Hotel’s Tom Gibson and Michael Simpson are managing the sale via an International Expression of Interest campaign closing 11 May 2023. Occupying 29.9 hectares of island land, the all-inclusive resort also offers intimate and unique cultural experiences such as local village feasts, scuba diving, fishing and private beach picnics.
“The availability of vacant possession and size of land, provides the incoming owner with an incredible opportunity to expand the scale with the inclusion of luxury branded residences,” Mr Gibson said. “Possible expansion plans include the expansion of rooms to 50 keys to include beach front, ocean view and garden rooms, as well as the development of branded residences to create an integrated resort.”
Mr Simpson added, “The strength of the luxury resort sector globally has proved to be both resilient and highly sought-after. Yasawa Island Resort & Spa presents as a logical opportunity to engage in one of the leading hotel managers to set a new benchmark in the market.”
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Over recent years, Fiji has attracted widespread global interest for ultra high-end destinations, including COMO’s Laucala Island owned by the Red Bull family, Kokomo Private Island Resort owned by Lang Walker AO, and Wadigi Island owned by Google-founder Larry Page.
Vendor, James McCann added, “The resort has been part of my wife Erin’s life since the late 1990’s when she was the resort General Manager and then from our family’s ownership since 2010. The incredible people of the Yasawa Islands have formed a bond that will continue with us for the rest of our lives. We look forward to seeing the wonderful and exciting next phase for the resort that a new owner could bring.”
Paul Johnson
Paul Johnson is Editor of A Luxury Travel Blog and has worked in the travel industry for more than 30 years. He is Winner of the Innovations in Travel ‘Best Travel Influencer’ Award from WIRED magazine. In addition to other awards, the blog has also been voted “one of the world’s best travel blogs” and “best for luxury” by The Daily Telegraph.
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You can’t beat thinking big. Why not buy my very own resort?
I may have missed it and apologies if I have. There’s one thing missing from this post. The price tag.
Whatever the price I expect that it’s been boosted by the feature of a private airstrip. It would certainly make baggage return a lot more straightforward.
Price will be determined by the market. If there are a few interested parties then a bidding war could push the price.
Currently, credit does not come cheap and due to geopolitical concerns investors may be reluctant to invest in tourism.
It will be interesting to learn the final price. If it’s ever made public.
This resort really does look to be a paradise on Earth, it’s got the lot, what more could you want? I’m sure that there will be a number of big travel companies competing to make a purchase. If I had the money …
It is a site that really has got great potential. The location gives it a flying start. Personally, I’d have thought that 18 rooms is round about the optimum size for this sort of property and opens up the exclusive booking option too. It would be a dream option for family anniversaries and celebrations.
It would be very interesting to see some follow ups on this story. If the info’s available it would be fascinating to learn who buys it and for how much? Then it would be great to have a review to see what changes the new owners bring in.