Firm to build Sheraton hotel in Bogor
JAKARTA (JP): The Mega Guna Group will invest US$55 million to build a five-star hotel with 320 rooms together with a residential resort and golf course at Citeureup in Bogor, West Java.
The group's chairman, Muljadi Senjaya, announced here yesterday that the Queensland-based THG International will begin constructing the facility, called Sheraton Rainbow Hills golf and leisure resort, at the end of this month.
"We have assigned the Boston-based ITT Sheraton Corporation to manage the resort on a management contract basis," Muljadi said.
Vice president of ITT Sheraton Antonio Zamora said the Sheraton Rainbow Hills will be the ninth hotel managed by ITT Sheraton in Indonesia.
The company currently manages hotels in Bandar Lampung (southern Sumatra), Yogyakarta, Surabaya (East Java) and the islands of Lombok and Bali. The three other hotels that ITT Sheraton will manage are under construction in Yogyakarta, Surabaya and Bali.
"In addition to China, Indonesia represents the highest potential growth in the Asia-Pacific region," Zamora said, adding that for the next few years his company will likely expand to Batam Island, Surakarta (Central Java), Medan (North Sumatra) and Manado (North Sulawesi).
Muljadi said that the concept for the 400-hectare resort in Citeureup is to create a garden-like community in environmentally friendly surroundings.
Golf
"The first phase of the Rainbow Hills project will be a 27- hole golf course, with the first nine holes opening later this year," he said, adding that the California-based J. Michael Poellot design group will arrange the lay-out and construct the golf course.
He said that another California-based landscape architect, the SWA Group, as well as THG International, have been working for over a year on the project.
Project manager Michael Johnson said that Muljadi, a native of Sukabumi, West Java, wants to build a resort where guests can experience West Javanese village life.
Muljadi noted that the Mega Guna Group, which totally owns the project, will provide 50 percent of the cost for its construction, while five banks, the state-owned Bank Negara Indonesia, Bank Internasional Indonesia, Sake Bank, Bank Central Dagang and Bank PDFCI, will help finance the rest. (09)