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Banyan Tree Spreading its Branches in Bali

New Luxury Banyan Resort and Affiliated Angsana Resort - Both Scheduled to Open in 2008 in Bali.

(12/10/2006) Singapore-based Banyan Tree Hotels and Resorts are scheduling to open two new resorts in Bali in 2008 - The Banyan Tree Ungasan Resort and the Angsana Tepi Kahyangan, Bali, Indonesia.

The Banyan Tree Ungasan Resort

Developed in cooperation with Indonesian Developer PT Surya Semesta Internusa, the Banyan-branded resort will be comprised of 73 villas located on a ten-hectare site 70-meter high cliff on Bali's southern Ungasan peninsula.

Costing an estimated US$30 million, the project is being financed via an "owner lease-back" scheme in which investor owners will pay from US$650,000 for a one-bedroom suite to US$2.7 million for a presidential villa.

The units will then be leased back to the Resort who will rent them out to the public at rates starting at US$600 per night.

The Developer is reportedly extending guarantees of 8% yield for the first two years of the investment followed by a revenue-sharing scheme between the Resort and the owners.

Another Bali resort, operated under Banyan's affiliated brand of Angsana is also scheduled to open in Bali in 2008.

The opening of the new resorts will herald the return of the Banyan Tree brand to Bali after an absence of several years following the termination of Banyan's management agreement with Ubud's Kamandalu Resort/