The Koro Sun Resort & Rainforest Spa situated in one of Fiji’s most exclusive hotel regions has been listed for sale through CBRE Hotels.
Located in Savusavu on the northern island of Vanua Levu, Koro Sun Resort is situated on a private lagoon and offers more than 150 acres of freehold land – a rarity in Fiji where only 7 per cent of land holdings are freehold tenure.
Koro Sun is being offered for sale on behalf of the US-based Young family, who bought the hotel in 1998 after visiting the area on a diving trip and falling in love with Fiji and the beauty of Savusavu.
At the time, the resort consisted of 16 basic bures (bungalows in Fiji) and a large tract of land. Today, Koro Sun Resort comprises a unique offering of 43 bures and villas, including 11 new overwater/edgewater bures that opened in February this year, as well as two restaurants, three bars, the new Edgewater Beach Club, three swimming pools, a spa and recreational centre, two tennis courts and a nine-hole golf course.
Additionally, there are 13 unsold lots in the adjoining freehold Koro Sun Resort Community as well as undeveloped land with preliminary approval for 64 lots.
“Koro Sun Resort has been owner-operated by the Young family since 1999. It is being offered for sale with vacant possession, thereby affording an incoming purchaser the opportunity to re-brand, re-position, owner-operate or introduce new management to the property to capitalize on the continued strength of the existing brand in the Fiji tourism market,” Cross said.
“There is also considerable potential to expand the existing property, which offers approximately 30 acres of resort land, plus 13 lots, 99-year foreshore lease and 90 acres of undeveloped rainforest land.”
Koro Sun Resort is a 15-minute drive away from the quaint town of Savusavu, “the hidden paradise”, on the south coast of Vanua Levu, Fiji’s second largest island.
The resort is surrounded by natural vegetation and fronts the Koro Sea to the south and lush virgin rainforest/ mountain ranges to the north. The resort has been recently awarded the Top Deluxe Accommodation at the AON awards in Fiji 2014.
