JAKARTA: Property developer PT Surya Semesta Internusa Tbk (SSIA) has spent US$60 million or IDR540 billion to establish Banyan Tree Ungasan Resort at Ungasan village, Kuta, Bali.In a press statement obtained by Bisnis today, the resort, providing 73 villas with premium facilities, has been commercially opened on January 22 2011. The resort is developed by Surya Semesta's subsidiary PT Sitiagung Makmur.Sitiagung Makmur offers each villa at IDR900,000 to buyers. The villas are managed by PT Ungasan Semesta Resort in cooperation with Singapore-based company dubbed Banyan Tree Hotels and Resorts Ltd.Sitiagung offers 59 units of one bedroom type, 11 units of two bedroom facilities, and 3 villas with three bedroom facilities.Besides Banyan Tree Resort, Surya Semesta via PT Suryalaya Anindita International will spend IDR170 billion capital expenditure in 2011 to renovate 5 star hotel Gran Melia.Surya Semesta targets IDR400 billion revenue from hotel segment, a 15% increase from 2009's position. With the operational of Banyan Ungasan Resort, hotel segment is estimated to contribute IDR440 billion revenue this year. (wiw)

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