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Port Moresby
May 28, 2022
Business Featured News Real Estate Southern

Yumi Yet Real Estate expands businesses in Milne Bay

By Kila Wani

Papua New Guinea owned Real Estate company Yumi Yet Real Estate Ltd now owns Alotau Bay Hotel, formerly Alotau International Hotel.

The hotel’s official opening under the new management was held earlier this evening with invited elites convening to mark the occasion.

Present also amongst elites to witness the official launching was retired Captain Timothy Narara, former pilot of the world’s largest aircraft, and his wife Nellie.

Owner and managing director of Yumi Yet Real Estate Limited Eke Lama said Airways Ltd sold the property to him earlier this year.

This is his second property in Alotau. In 2019 he opened a Yumi Yet lodge just outside the Alotau town, in Toudikawa.

Mayor of Alotau Peter Elliot congratulated Lama and welcomed the Yumi Yet company for business in the town.

In his speech, Mayor Elliot asked that Alotau youths be a priority when it comes to employment by Yumi Yet Ltd in Alotau as this will greatly assist in lowering the high unemployment rates amongst youths in the town.

Yumi Yet Real Estate now owns over 800 rental properties, 600 land titles, 4 lodges and now a hotel in Papua New Guinea, including a rental property in Cairns, Australia. The company to date has given employment to over 200 Papua New Guineans and a few expatriates.

Lama thanked God for his business, adding as a builder by profession, it is hard work that pays off.

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