Hotel firm seeks partners<\/p>\n
SINGAPORE (AFP): An Indonesian conglomerate led by a son of
\nPresident Soeharto has invited Asia-based hotel groups to
\nparticipate in a major project in Bali worth US$1.6 billion, it
\nwas announced here yesterday.<\/p>\n
JLW TransAct, a Singapore-based hotel and tourism property
\nconsultancy acting for the developers, said in a statement that
\nthe project comprises eight hotel sites in some of the choicest
\nbeachfront properties in Bali.<\/p>\n
PT Bali Pecatu Graha, developer of the project, is majority-
\nowned by Soeharto's youngest son Hutomo Mandala Putra.<\/p>\n
The sites range in size from 49,100 to 139,500 square meters
\n(528,316 to 1.5 million square feet). All are waterfront
\nproperties except for one located within a golf course site.<\/p>\n
Infrastructure for the project, which will include an
\nexclusive residential development, is now being built, the
\nstatement said.<\/p>\n
The first phase of the project is expected to be completed by
\n1998.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/hotel-firm-seeks-partners-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
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