(11/17/2003)
Reports in the English-language Jakarta Post state that Marriot Hotels International will open a 58-key sea-front villa development in Pecatu on the Jimbaran Peninsula, sometime in mid-2005.
The development will be a joint-venture called Bulgari Hotels and Resorts with ownership shared between Marriot International and P.T. Mugu Rekso Abadi (P.T. MRA) - the franchisee of the Bulgari brand in Indonesia.
This will be the second foray of the Bulgari brand, normally associated with fine jewelry and watches, into the luxury hotel and resort market. The first Bulgari hotel is scheduled to open in Milan, Italy in early 2004.
In 2002, Bulgari and Marriott declared their intent to establish a network of seven five-star Bulgari brand hotels over the coming 6 years.
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