Fiji’s capability to attract significant investments, exemplified by the Hilton Garden Inn project, highlights the confidence investors have in its economy, according to Deputy Prime Minister and Minister for Finance Prof Biman Prasad. At the topping ceremony for the $75 million Phase 1 of the Hilton Garden Inn project in Suva, Prof Prasad remarked that this milestone not only represents a new phase for Carpenters Group but will also transform Suva’s tourism industry permanently.
The Hilton Garden Inn in Suva, developed by Carpenters Group in partnership with the international hotel brand Hilton, aims to feature 178 rooms along with amenities like a restaurant, bar, swimming pool, car park, and backup power and water supply upon the completion of Phase 1 scheduled for August next year.
Prof Prasad emphasized that Fiji’s commitment to prudent fiscal policies, economic reforms, and macroeconomic stability has solidified its status as a competitive and appealing investment destination. He stressed the importance of investor confidence in promoting sustainable development and assured attendees that the government would continue prioritizing policies that bolster business growth and innovation.
He urged other businesses to draw inspiration from Carpenters Group and seize the investment opportunities available in Fiji’s expanding economy.
Kunaseelan Subaratna, director of retail marketing at Carpenters Fiji Pte Limited, expressed pride in the company’s growth and its recognition as a leading developer of Fiji’s commercial landscape. He stated that the topping off of the Hilton Garden Inn will undoubtedly attract customers and set new standards in the country and the region.
Subaratna also highlighted that the Hilton brand would be ideal for accommodating the rise in business travel, particularly as Suva positions itself as a center for diplomatic activities in the Pacific.