JAKARTA (Indonesia Today) – PT Bukit Uluwatu Villa Tbk (BUVA) allocates Rp800 billion for investing on 2 projects, Alila Villas Bintan hotel in Riau island and Alila SCBD business and city hotel in Jakarta.
That 2 hotels are scheduled to commence operations by mid of next year. The company is also now building new hotel in Uluwatu (Alila Villas Uluwatu), Bali. It also builds the apartment, part of Alila Villas Uluwatu, The Cliff @AVU.
BUVA has secured loan facilities from Bank Central Asia and CIMB Niaga. The company is also in process for acquiring land area for 2 hotel projects, Alila Tarabitan (North Sulawesi) and Alila Borobudur (Magelang).