Business Specialties Development
Aug 20, 2008
Hawaii-based South Pacific Development Group has obtained a 120-year lease for 600 acres of prime oceanfront land on Savaii Island in Samoa to develop the Sasina Village Resort. The luxury resort's first phase will feature a hotel, timeshare units, championship golf course, and cultural center to be followed in later phases by additional hotels, private residences and a recreational marina. The overall development cost is estimated at $450-500 million. SPDG CEO Jesse James and Faumuina Liuga Tiatia, Minister of Natural Resources and Environment, recently signed the land lease agreement in Apia, Samoa. SPDG is now meeting with potential hotel partners, co-developers and investors interested in having a financial stake in its development projects.
Hawaii-based South Pacific Development Group has obtained a 120-year lease for 600 acres of prime oceanfront land on Savaii Island in Samoa to develop the Sasina Village Resort. The luxury resort's first phase will feature a hotel, timeshare units, championship golf course, and cultural center to be followed in later phases by additional hotels, private residences and a recreational marina. The overall development cost is estimated at $450-500 million. SPDG CEO Jesse James and Faumuina Liuga Tiatia, Minister of Natural Resources and Environment, recently signed the land lease agreement in Apia, Samoa. SPDG is now meeting with potential hotel partners, co-developers and investors interested in having a financial stake in its development projects.
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