Indonesian Paradise Property (Paradise Indonesia), a major developer of lifestyle properties of hotels, shopping centres, and apartments in Indonesia, has signed a Memorandum of Understanding (MoU) with Vacances (Club Med) to build and manage five new resorts in Indonesia.
These mega projects will mark Club Med’s expanding presence in the country after the openings of Club Med Bali and Club Med Bintan which opened in 1984 and 1997 respectively.
Speaking at the MoU signing ceremony in Jakarta on August 25, Anthony Prabowo Susilo, president director of Indonesian Paradise Property, shared that the management contract will span a 30-year period.
He said: “Club Med and Paradise Indonesia share the same vision, to create holiday experiences in exotic destinations throughout Indonesia. With this collaboration, we aim to become the leader of premium all-inclusive and experimental vacations in exotic locations.”
Henri Giscard d’Estaing, president of Club Med, stated: “Indonesia is the main focus for Club Med because it is projected to be one of the markets with the fastest growth by 2039.”
The project will take place over several phases. The first phase of development will focus on building three resorts in the next five years in North Sulawesi, West Java and Bali. The construction of the other two resorts, or the second phase, will be carried out after the first three are complete, with locations to be announced.
Speaking on the choice of destinations, Anthony said: “To build these resort areas, we are preparing around 300 hectares of land per project with a target of construction starting no later than 2025.”
He added that each project would amount to at least 500 billion rupiah (US$33 million).
Paradise Indonesia currently owns 13 hotels in Jakarta, Bali, Batam, Yogyakarta.