Panghegar group expands to Bali
Gianyar: Bandung-based Panghegar Hotel group is spreading its wings to Bali with the development of Purnama Bali Beach Villas, located near Purnama Beach in Sukawati, Gianyar regency.
Cecep Rukmana, president of PT Panghegar Group, told Bali Daily that the company had cooperated with the Kureteka Hotel group from Japan.
“The Japanese company will market honeymoon packages to its clients who want to spend their honeymoon in Bali,” Rukmana said.
The villa development in Bali is part of Penghegar Group’s property business. “All villas will be offered to investors,” he said.
Currently, the retirement fund of PT Perhutani, the state-owned forestry company, has invested in the property buying six villas valued at Rp 6 billion (US$609,000) each.
The construction of the villas started in May this year and is expected to be complete by 2014.