• Current
• Complete

Completed Projects

Yasawa Island Resort & Spa, Fiji

PERROTTET PARTNERS successfully raised a package of debt and equity finance required to support the acquisition of one of Fiji’s most prestigious island resorts on behalf of overseas interests. PPPL developed the financing strategy, negotiated and structured the financing package and advised on the formation of the acquiring corporate vehicle. We also played a lead role in negotiations to secure the property.

Hotel and Leisure Investment Vehicle – Pacific Region

A major study of the feasibility of the potential for a new dedicated tourism investment vehicle for the Pacific was completed by PERROTTET PARTNERS on behalf of PATA, with assistance from the Centre for the Development of Enterprise (CDE). The Report contains a detailed analysis of the structure of the hotel industry in the Pacific and a thorough assessment of its financing needs. It found strong demand for equity finance across the region noting that there were significant opportunities for attractive returns in selected investments. The Report confirms that the absence of a vehicle is significant constraint to releasing capital for hotel development. It outlines the mechanism for developing the vehicle, explores options for its structure and recommends a strategy to mobilise the initiative. Following release of the report PPPL is currently working to secure a lead proponent to develop the concept.

Tsunami Recovery – Samoa Hotels

Following the destruction caused by the Samoa tsunami in 2009, John Perrottet and Neil Underhill worked with several affected hotel properties to raise capital to enable them to get back into business quickly. Working with local banks, insurers and the investment community they raised approximately SAT$10.0 million for Sinalei Reef Resort & Spa, Seabreeze Resort and Salani Surf Resort. The project also required advising on a package of disaster assistance provided by the New Zealand government in the form of an interest rate subsidy for the affected properties.

Tonga

Lomipeau Marina Resort Holdings Ltd recently retained PERROTTET PARTNERS to provide advice in relation to a major tourism complex it wishes to develop on land it recently acquired on Tongatapu in the Kingdom of Tonga. We reviewed the site and all documentation relating to the project and recommended a development and financing strategy to take the project to the next stage in the development cycle.

Vanuatu

PERROTTET PARTNERS was recently part of a team which advised the Australian Government in relation to its development assistance strategy for the tourism sector in Vanuatu. This assistance is managed by AusAID under its “Governance for Growth” program and is specifically designed to assist Vanuatu in managing the impact of the Global Financial Crisis. The project involved working with the Vanuatu Tourism Office and representatives of the local tourism industry to identify suitable programs which AusAID may choose to finance and then providing independent advice as to which programs were likely to be most effective.

Fiji

PERROTTET PARTNERS was recently retained by a Fiji corporation to provide advice regarding the tourism potential of a number of properties in its portfolio. The work involved appraising several sites and providing advice as to the most suitable tourism use for each. A strategy for the development of priority sites was prepared as well as recommendations for alternative uses or disposal for those sites not suitable for tourism.