$40 Million 3V Rebing Bay Resort Being Built in Bali's Jembrana Regency.
(3/19/2011) Hong Kong-based Vivaldi Holding Group have announced they will build an integrated resort in the Jembrana regency of Bali at a cost of US$40 million.
The resort will be operated under the brand 3V Rebing Bay.
The chairman and CEO of Vivaldi Holdings, Fran Giradot, told Bisnis Indonesia that the groundbreaking for the project took place on March 1, 2011.
The first phase of the project will utilize 3 hectares dedicated to 8 villas and 12 apartments with a capacity of 60 rooms. For the first phase a total of US$10 million will be spent and 100 employees will be on the payroll by the end of the year.
Phase two of the resort will occupy 8.5 hectares to host 350 rooms at an investment cost of US$30 million. These rooms will be sold to owner-investors at a promised return on investment of 8% per month.
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