Maersk, Bonauli tie up

JAKARTA (JP): Maersk, the Lee Gardens International group of Hong Kong and Bonauli Real Estate will sign a joint venture agreement to set up a new management company, PT Bonalee Maersk Corporation.

The new company will supervise the operations of Cilegon Lee Gardens Hotel and Country Club, in Cilegon, West Java.

The agreement will be signed on Sept. 16, Bonauli said in a statement yesterday.

Cilegon Lee Gardens Hotel and Country Club is being built in the Bonakarta Complex in Cilegon and will be the first Lee Gardens hotel in Indonesia.

The Hong Kong company will join forces with Bonauli Real Estate, a property developer, and Maersk, one of the world's largest shipping companies.

Bonalee Maersk Corporation plans to establish its reputation in the management of hotels and other properties throughout Indonesia. (aly)