Orient-Express Hotels Ltd has purchased the luxurious Bora Bora Lagoon Resort from Nara Tahiti SA. Mr David Gibson and Mr Gregory Rumpel of Jones Lang LaSalle Hotels arranged the transaction, reported to be worth around US$20 million (A$40 million).
“Investor interest was widespread with both owner-operators and wealthy private investors bidding. The sale of Bora Bora Lagoon Resort was a complex assignment, featuring a Japanese seller, UK buyer, property located in a French overseas territory of the South Pacific and transacted in Australia. The deal`s success showcases the strength of Jones Lang LaSalle Hotels` global capabilities,” said Mr Gibson, Managing Director, Asia Pacific, Jones Lang LaSalle Hotels.
Voted the world`s #1 Luxury Resort by the Robb Report in 1999, the 80-room resort is one of French Polynesia`s premier luxury hotels. Featuring traditional Tahitian architecture, the resort is famous for its 50 over-water bungalows. Bora Bora Lagoon Resort has won numerous other international awards and is also a member of Leading Hotels of the World.
Prior to this, Orient-Express`s most recent acquisitions were the Observatory Hotel, Sydney and Lilianfels, Blue Mountains in Australia in 2000. These deals were also arranged by Jones Lang LaSalle Hotels.
Bora Bora Lagoon Resort was constructed by Japanese owned Tahiti Nara SA in 1993. Orient-Express Hotels Ltd has managed the property under contract since 1997. The publicly listed Orient-Express Hotels Ltd owns and/or operates 26 highly individual deluxe hotels around the world.