One of the largest integrated tourist ventures in Fiji goes under the hammer today as the Fiji National Provident Fund tries to recover about 40 million US dollars it has invested in the failed project.
The 130 million US dollar Momi Bay project had been under development by New Zealand company, Bridgecorp, which is in receivership.
Real estate marketer, Bayley's, says more than 120 bidders from around the globe have signed up to bid.
Investors from New Zealand, Australia, Britain, Canada, Malaysia, Sigapore, the United Arab Emirates, South Korea, India and the United States are expected to place bids to purchase the hotel project.
The Momi Bay development had included a 250 room five star hotel and a nine-hole golf course.