The former Tahara’a Hyatt Hotel is sold !
New prospects for employment!
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Almost three years after being put on the market, the former Tahara’a hotel has been acquired by the French real estate group City.
The former Hyatt, which sits on a ten-hectare site on the Tahara’a promontory between Arue and Mahina and has been for sale since 2018, has finally found a buyer. The buyer is the City real estate group, whose director Christophe Petit has visited Polynesia several times, including last February when he met President Édouard Fritch and a number of his ministers. A more recent meeting took place between Mr. Petit and Economy Minister Yvonnick Raffin during a trip to Paris.
Following Hyatt’s withdrawal in 1995, the hotel closed its doors for good in 1998. Since 2003, it had been owned by Réginald Flosse. A few years ago, there was talk of transforming it into a luxury residence.
Around a hundred hotel rooms, private residences, a shopping mall.
Put up for sale in October 2018 at a price of 2.5 billion Fcfp (21.13 million euros), the site was eventually sold, although the exact amount of the transaction is unknown. It is now owned by a simplified joint-stock company called New Tahara’a, chaired by Christophe Petit, whose incorporation was published in the Journal Officiel on May 28. When contacted, French Polynesia Sotheby’s International Realty, which held the mandate, declined to answer our questions.
According to the presidency, where Christophe Petit was received, the project consists of “a hotel with around 100 keys, as well as luxury private residences, a shopping center, a restaurant area and wellness and leisure zones”. The group is also said to have ambitions in Moorea.
As for seeing the hotel built in 1967 on the east coast “revived”, nothing is less certain. According to our information, the remains of the building will have to be demolished, notably due to the presence of asbestos.
The City Group shows four hotel projects on its website, three of them in urban areas. The City Group has acquired the “Roches Noires” project in Mauritius, a “smart seaside city” extending over 300 hectares and including a 5-star hotel, villas and apartments, a residence for senior citizens and two golf courses. Here too, the site had been the object of covetous projects by South African and then Chinese investors since the early 2000s.
Radio1.pf article