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Wednesday, May 7, 2014

Sale of Resorts - Sonaisali Island Resort, Tadrai Island Resort and Fiji Premium (Fiji) Residences

The McGrath Family are pleased to announce that an agreement has been signed for the sale of Sonaisali 
Sonaisali PoolIsland Resort, Tadrai Island Resort and Sonaisali Premium (Fiji) Residences (the Sonaisali Group) to the Vision Group.

Jan and Aaron McGrath, owners of the resorts, have operated in Fiji for the last 20 years. From humble beginnings in 1993, the family have developed Sonaisali into an award winning internationally recognized resort. The McGraths also opened the luxurious 5 star Tadrai Island Resort located on Mana Island in 2011.

The Vision Group is a dynamic and diversified group of businesses including the Fiji Beach Resort and Spa managed by Hilton on Denarau Island, Courts (Fiji) Limited, Vision Motors Limited, Mahogany Industries (Fiji) Limited and several other enterprises.

All current staff and management will remain in place over the transition period and all contracts and arrangements in relation to the daily operations of the properties will go on unchanged.

“We are excited for our existing team, as a company like the Vision Group brings with it excellent training, development and promotional opportunities. We are also very happy to see Vision Group come in with the intention to develop the resorts to the next level. There are very exciting times ahead for all concerned.” Says Aaron McGrath, Managing Director of the Sonaisali Group of companies.

“We are humbled by the fantastic support and relationships that have been developed by our family over the last 20 years. From our loyal staff, local Mataqali, wholesale and travel industry partners and friends that have contributed tremendously to our success.” Continues Mr McGrath.

Dilip Khatri, Chairman of Vision Group says “Vision Group which recently completed the 100% acquisition of the Fiji Beach Resort & Spa (Hilton in Denarau Island), is extremely pleased to enter into this agreement to Purchase the Sonaisali and the Tadrai Resorts. This investment significantly expands our engagement in the Tourism Sector and is a further demonstration of our confidence in the Fiji Economy. On completion of the sale by obtaining all regulatory approvals, Vision Group is committed to continue and enhance the McGrath’s contribution to the Sonaisali Group’s success over the last 20 years”.

“We wish the new owners every success and look forward in assisting transitioning the resorts to their control”. Says Mr McGrath.
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