Far East Hospitality, a management firm under Singapore’s largest private property developer, the Far East Organization, plans to open two resorts in Bintan, Riau Islands and Bali as part of the company’s expansion into Indonesia.
Far East Hospitality head of field sales Marina Buenaventura said that its new resort in the Bali was under construction while its portfolio in Bintan was entering the finalization stage.
“We expect to start operations at our Bali resort-style hotel in the middle of 2015 while the one in Bintan would open by the end of 2015,” Marina said in Jakarta on Monday.
She said that the firm was going to introduce its chic and exclusive boutique hotels under the Quincy brand at both tourist destinations.
“Quincy is the perfect accommodation for people who are looking for privacy and exclusivity. The hotel is accessible only with guestroom keycards even in the restaurant and lobby,” she said.
The firm plans to build more than 200 rooms and suites in each Quincy to cater to the increasing demand from the leisure traveler market in Bali and Bintan.
In Bali, she said the hotel would be located in the Jimbaran area and would have a sunset view. In the long-term, she said that they had plans to open hotels in major cities such as Jakarta and Medan, North Sumatra and second tier cities including Yogyakarta and Makassar, South Sulawesi, in the future.
The firm is expecting to introduce their other brands such as Village and Oasia in Indonesia.
Apart from Indonesia, Far East Hospitality is targeting to expand its footprint by tapping into Southeast Asia and Australia’s economic development over the next few years.
It is plotting property expansion in Malaysia, Thailand, Vietnam and Australia while back in its home country, Far East will add two more hotels: Village Hotel Katong and Amoy Hotel.
Currently, it operates the largest hospitality portfolio in Singapore comprising eight hotels and nine serviced residences with a combined inventory of more than 3,400 units in addition to the Sri Tiara residences in Kuala Lumpur, Malaysia.
With the property sector experiencing robust growth, the company also plans to enter the serviced residences market.
“We are always open to those opportunities. Our business development team is exploring the feasibility of the serviced residences business. We now have representatives in Jakarta,” she went on. Strong economic performance and the increasing middle class have made Indonesia attractive to for foreign hotel firms. (Jakarta Post)