Retired State and Public Employees To Benefit from Luxury Resort

Washington's retired public employees could start receiving dividends from a new luxury resort that has opened on a Tahitian island once owned by Marlon Brando.

KPLU-FM reports that the Washington State Investment Board is a majority owner of the company that owns the resort.

The Brando is a $4,000-per-night resort that made CNBC's list of "Hot travel trends for the uber rich." The New York Times describes it as a 35-villa luxury resort.

State investment officer Steve Draper says they had high expectations for the investment and they were exceeded with the finished product. Draper says he expects the resort will begin to produce a return on investment within the next few years.