More than 250 jobs are expected to be created after the completion of the planned 300 room Holiday Inn hotel project in Denarau.
Denarau Waters developer, Ananth Reddy said the total cost of the hotel project is expected to be more than $100 million.
Reddy said the total land developers cost for the whole area is $100 million.
Denarau Waters has hit another record by selling out its entire Stage 2 in less than 2 months.
The highly anticipated waterfront land release is the residential arm of the new Denarau Island development by Avoser Limited.
The project is located on the remaining undeveloped southern half of Denarau Island.
In total, 100 blocks have been sold for both stages 1 and 2.
Denarau Island is a mixed‑use development that will showcase international resorts, starting with the Holiday Inn Resort, and will include a marina, commercial and industrial precincts, and the exclusive residential precinct of Denarau Waters.
Civil works are now underway and settlement for purchasers of Denarau Waters is on‑track for 2017.
