Regent Hotel to Open on Sanur Beach
Hotel Represents a US$75-US$100 Million Investment in Bali's Luxury Sector.
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The Jakarta Post reports that the Regent hotel brand will make a new re-appearance in Indonesia via their management of a luxury hotel property on Bali's Sanur Beach.
The Bali Regent will reportedly be built on a four-hectare site in Sanur comprised of 150 rooms and 50 villas representing a total project investment of between US$75 million and US$100 million.
The hotel will be built by Grand Pacific Properties Ltd who have entered into a an agreement with Carlson Hotels Asia Pacific Pty - the owners of the Regent Brand. That agreements addresses hotel development services, hotel management and marketing trade licenses.
Grand Pacific Properties Ltd is reportedly owned by the Tahir family, the founders of the Mayapada Business Group in Indonesia. The Mayapada Group is a large and widely diversified conglomerate with interests in banking, Duty Free Shoppers, commercial real estate and hospitals.
The new Bali Regent will herald a return of the Regent brand to Indonesia following their withdrawal from a luxury hotel project in the Kuningan area of Jakarta several years ago. The former Regent of Jakarta is now operated by the Four Seasons brand.
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