Close
Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Bali Hotel Building Boom Unlikely to Abate
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Bali Hotel Building Boom Unlikely to Abate

Indonesia's Summarecon Group Planning $376 Million Resort Project in Bali


Bali News: Bali Hotel Building Boom Unlikely to Abate
Click Image to Enlarge

(6/8/2012)

Property developer PT Summarecon Agung is preparing to begin building a resort in Bali at a cost of Rp. 300 billion (US$32.3 million).

As reported by Bisnis Indonesia, the CEO of Summarecon, Johannes Mardzuki, announced his corporation would develop a 10-hectare site bank financed through internal cash resources of the company and borrowed funds. Said Mardzuki: “According to plans, the source of the funds will indeed be a combination, but the percentage of cash and loans has yet to be fixed.”

He also revealed that the proposed project in Bali would include participation by the current owner of the land, with the Rp. 300 billion used wholly for the physical construction of the proposed resort.

Mardzuki underlined that Summarecon would maintain a majority share in the property, which represents the first foray into the tourism resort sector by the Jakarta-based developer.

“We have the land, but we are not able to fix the date when the project construction will commence as we are still in the permit application process,” he explained.

Summarecon is known for the development of mall projects and new town developments, namely Summarecon Serpong, Summarecon Bekasi and Summarecon Kelapa Gading.

The company is targeting 2012 sales of Rp. 3.5 trillion (US$376.3 million) from the three township developments.

The location of the proposed 10-hectare resort in Bali and the number of planned keys remain unspecified at this time.


 


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.


 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Nigel at 70
Bali Adventure Tours’ Nigel Mason Celebrates his 70th Birthday in Considerable Style
(4/18/2014)
Where to Eat in Ubud?
Australian Financial Review: Five Restaurants of Note in Ubud, Bali
(4/18/2014)
We Get Our Kicks from Champagne
Bollinger Champagne Dinner at Sundara Restaurant on Monday, June 2, 2014
(4/18/2014)
Will You Gather at the River?
Last Reminder: Bali Remembers – Pan Am 812 Commemorations
(4/18/2014)
Nuts to You
U.S. Ambassador Pays Tribute toPoverty Eradication Role of Cashew Production Factory in East Java
(4/18/2014)
Willkommen in Indonesia!
Easier Access to Indonesia for German Visitors with Resumption of Lufthansa Service to Indonesia
(4/18/2014)
Lady Justice Paks a Gun
Bali’s Only Female Regional Police Chief Calls for More Women to Join the Police Force
(4/18/2014)
Ollie Ollie Umphrey
Ownership Battle Underway at LV8 Hotel in North Kuta, Bali
(4/18/2014)
Dreamliners to Paradise
Qatar to Start Non-Stop Daily Flights Doha to Bali on July 21, 2013
(4/18/2014)
Bali Shall Not Forget
Mark the Date: Bali Remembers Pan Am 812 – April 22, 2014
(4/14/2014)
Wear Your Easter Bonnet
Book a Seat or a Table for the “Diva’s Lunch” at Jemme Restaurant on Friday, April 25, 2014
(4/14/2014)
Paying More, Getting Less
Lawmakers and Public Complain About Increase Passenger Service Charges at Bali’s Airport
(4/14/2014)
All [News]!
 
Tourism and Transport Tourism Agents