Starwood strengthens Pacific portfolio with the signing of Sheraton Fiji Resort & Spa, Tokoriki Island

Starwood?s footprint expands in the Pacific with the latest signing for the

Sheraton brand in the region?

Sydney, Australia – October 31 2013 ? Starwood Hotels & Resorts Worldwide, Inc (NYSE: HOT) ?today announced the signing of Sheraton Fiji Resort & Spa, Tokoriki Island, welcoming the property as the fourth property within its Fiji portfolio. Owned by local Fijian proprietary company, Ritam Investments Ltd, owned by P Meghji Group, Starwood will manage the luxury island resort under its iconic Sheraton brand on a long term contract, following a conversion project in excess of AUD20 million (approximately FJD35 million).?

Slated to open in April 2014, Sheraton Fiji Resort & Spa, Tokoriki Island, previously an independent resort devastated by Cyclone Evan, will be located on a 35-acre site, nestled in the south-western corner of Tokoriki Island, the most northern island within Fiji?s idyllic Mamanuca group.

As one of Fiji?s largest upscale island resorts, Sheraton Fiji Resort & Spa, Tokoriki Island, will feature a total of 101 guest bures, rooms and suites, including 30 Tokoriki Retreats with private plunge pools; 14 Beachfront Bures; 14 Deluxe Bures, with a choice of mountain or garden view; 18 Ocean View Rooms; six Family Suites and 19 Garden/Mountain View Rooms.

From left are Dinesh Meghji, Andrew Taylor, Attorney-General Aiyaz Sayed-Khaiyum, Romit Meghji and Shane Cunning during the signing of agreement today. Photo: MARGARET NAQIRI.

From left are Dinesh Meghji, Andrew Taylor, Attorney-General Aiyaz Sayed-Khaiyum, Romit Meghji and Shane Cunning during the signing of agreement today. Photo: MARGARET NAQIRI.

Guests will enjoy the luxury of the resort?s exclusive beachfront location and extensive leisure facilities, including an outdoor swimming pool, fitness centre, tennis courts, kids club, two boutique shops and a ?Gold Class? style theatre/cinema accommodating up to 50 guests. A choice of three defined dining venues will be available to guests throughout the day, including an all-day dining restaurant, light-fare caf? and casual bar. The resort will also feature an on-site, modern day spa featuring four serene treatment rooms and a wide range of indulgent relaxation packages.

Conference, business and meeting amenities will be consistent with Sheraton?s reputation for high standards and state-of the-art facilities. Sheraton Fiji Resort & Spa, Tokoriki Island?s redeveloped function area and beachfront landscape will offer a relaxing and striking alternative for a world-class meeting or event for up to 140 guests.

The latest Sheraton signing for the Pacific demonstrates Starwood?s continued growth in the region and is part of the Sheraton brand?s aggressive global expansion plan, which seeks to reach a milestone of 500 hotels by 2015.

?We are thrilled to announce this new partnership with Ritam Investments, a well-established Fijian identity with over 40 years? experience in local operations, to further expand Starwood?s portfolio in the region,? said Sean Hunt, Regional Vice President, Pacific, Starwood Hotels & Resorts.

?The signing of Sheraton Fiji Resort & Spa, Tokoriki Island, increases our properties in Fiji to four and further solidifies our position as a market leader in the destination.?

Ritam Investments? Director, Romit Meghji said, ?We are delighted to be embarking on this new chapter with a leading and internationally recognised hotel company, such as Starwood Hotels & Resorts.? He continues, ?Our luxury island resort on Tokoriki is quite unlike anything Fiji currently has to offer. We believe this unique positioning together with the strong reputation and iconic status of the Sheraton brand, will attract both leisure and business travellers seeking an upscale, authentic and idyllic experience in Fiji.?

Located off the coast of Nadi, Tokoriki Island is easily accessible from the mainland. Guests of Sheraton Fiji Resort & Spa, Tokoriki Island can reach the island via a 12 minute helicopter flight, a 15 minute seaplane flight from Nadi International, or a one-hour boat ride.

Fiji is the most easily accessible Pacific island nation with a number of carriers including Fiji?s national carrier Fiji Airways (formerly Air Pacific) directly serving Nadi out of Sydney, Melbourne, Auckland, Los Angeles, Seoul and Hong Kong. Fiji Airways increased flights between Australia and Nadi earlier this year with the arrival of a new fleet of A330s, providing travellers to Fiji with improved flight schedules and further demonstrating the airline?s commitment to tourism in Fiji.

The signing of Sheraton Resort & Spa, Tokoriki Island, marks the global hospitality company?s fourth property in Fiji. Existing properties managed by Starwood in Fiji include Sheraton Denarau Villas, Sheraton Fiji Resort and the Westin Denarau Island Resort & Spa Fiji.

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