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Swiss-Belhotel Int'l to Add Bali Property

156-Key Apartment Complex in Mumbal Scheduled to Open in 2006.

Bali News:
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Swiss-Belhotel International - a Hong Kong-based hotel management company, have announced that they will open their 6th Indonesian property in 2006, on the Mumbal peninsula just north of Nusa Dua.

A total investment estimated at US$ 17.6 million will include 158 rooms and 43 villas on a 3.5 hectare lot. Construction is scheduled to commence in September of 2004 and be completed in June 2006. Operating as the Swiss-Belhotel Bayview, the property will feature two and three bedroom apartments and private villas ranging between 300 and 600 square meters. The apartments will be sold to the public at between US$ 120,000 Ė US$ 200,000 while the villas will be sold at between US$ 180,000 -US$ 470,000.

Prospective apartment or villa owners will have to sign a management agreement with Swiss-Belhotel International allowing the company to manage and lease their units for 6 years from the time of purchase. The company is offering guaranteed income levels during period of the management contract.

Swiss-Belhotel International currently manages properties in Jakarta, Semarang, Banjarmasin, Nusa Dua and Jimbaran.

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