BALI - Banyan Tree Spreading its Branches in Bali

Balidiscovery.com, (12/9/2006)

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.

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