Development Bank puts up Moanalisa Hotel and Orator Hotel for public auction
The Development Bank of Samoa has foreclosed the Moanalisa Hotel and the Orator Hotel and advertised them for public auction.
The Bank exercised its power to put the hotels up for sale as indicated in the deed of mortgages, which according to advertisements published in the Samoa Observer, are registered in the Land Registry Office for the two mortgages.
The advertisement indicated that the Registrar of the Supreme Court of Samoa will offer both hotels for sale by public auction at Court Room No. 4 on May 23, 2019.
The decision by the Bank to put the two hotels comes, despite the Moanalisa Hotel been on the market for $14.4 million tala since March this year.
As reported earlier, the Moanalisa Hotel located at Vaitele is owned by the family of the Minister of Revenue, Tialavea Tionisio Hunt. It is managed by his wife, Elizabeth Hunt and their daughter, Moana Hunt. The Samoa Observer contacted Moana for comments, however she declined to comment.
Orator Hotel owner, Leiataua Jerry Brunt, also refused to comment when contacted by this newspaper. The hotel is a freehold property sitting on a parcel of land measuring 21,008 square metres and is located at Siusega.
The Moanalisa Hotel says that all the piece or parcel of land containing an area of 3,690 square and 3,686 also located in Vaitele is up for sale.
Particulars and conditions of sale may be inspected at the Development Bank and at the office of the Registrar of the Supreme Court during office hours prior to the sale without the payment of any fee.