Surya's luxury resort

Fri, 04 Jul 1997, 00:00 WIB | Source: REUTERS

SINGAPORE (Reuter): Indonesian property and hotels group PT
Surya Semesta Internusa will spend US$55 million on a new luxury
resort on the island of Bali, the resort's managing company said
yesterday.

Cecilia Leong-Faulkner, director of marketing communications
at Banyan Tree Hotels and Resorts, told a briefing that
construction of the new complex was due to begin this month and
would be completed by the third quarter of 1998.

Banyan Tree Ungasan, comprising 200 exclusive sea-front
villas, would be the seventh Banyan Tree resort, she said.

Banyan Tree is part of Singapore private industrial
conglomerate Wah-Chang International Corp.

Leong-Faulkner said Banyan Tree expected to open two more
resorts by 1999 on Mahe, Seychelles and at Manado, Indonesia. She
declined to give financial details.

View JSON | Print