DENPASAR – A report in Bali Update (www.balidiscovery.com), quoting local sources, says investors are committing US$100 million to build Bali’s “last” mega-resort – The Rich Prada which will include a 5,000 sqm spa.
The 5-star resort will cover a 20-hectare site near Uluwatu in South Bali. It has a targeted operational date of 2010.
President director of developers PT Suryainti Permata, Henry Gunawan, explained that land for the project is being supplied by PT Pecatu Graha, who own the large tourist investment area at Dreamland.
Gunawan revealed that the proposed project would have 900 rooms to be internationally managed by The Rich Prada.
He said the project might represent the last major hotel development in Bali, given the government’s efforts to curtail new hotel development in the Island.
Surainti is one of East Java’s key property development companies, with extensive investments in luxury commercial and residential projects.
Secretary of the Bali Chapter of the Indonesian Hotel and Restaurant Association (PHRI), Perry Markus, said there was growing resistance among the people of Bali to new hotel developments.
