Alila resort to open in Bintan next year

LUXURY villa and hotel developer and operator Bukit Uluwatu Villa will fully acquire Bukit Lagoi Villa for 100 billion rupiah (US$11 million) for the development of an Alila Villas Bintan, Indonesia.

  14/07/2010 15:35

Bukit Uluwatu Villa managing director Franky Tjahyadikarta said the company planned to develop 50 villas and 12 residence units on the Indonesian island at a cost of 350 billion rupiah.

The development is expected to start this year-end and open in mid-2011.

Bukit Uluwatu Villa, which started trading on the Indonesia Stock Exchange yesterday, is also planning to expand Alila Ubud with 12 villas at a cost of 26.74 billion rupiah, and develop a new project in Manado.

The investment for the 60-room Alila Manado in Tanjung Tarabitan, North Minahasa is estimated to be100 billion rupiah and is expected to open in 2013.

(Sources: Jakarta, TTGAsia)




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