Bosowa Constructing Hotels Worth Rp400 Billion in Makassar

Makassar, The PT Bosowa Corporation is constructing two star-rated hotels in Makassar and Bali at a total cost of Rp400 billion, its owner said. "The construction of the two hotels should be complete before their inauguration, which is scheduled for December 12, 2012," Aksa Mahmud said here on Thursday. The construction of the two hotels, Novotel Makassar Grand Shayla and Fave Aston in Bali, was started last year. The company earned Rp100 billion from the hotel sector last year, he said, adding that with the operation of two new hotels the figure would increase to Rp200 billion per year. "We hope the hotels will be completed as soon as possible so we can help develop the MICE (meetings, incentives, conferencing and exhibitions) business in Makassar and Bali," he noted. The construction of Novotel Makassar Grand Shayla hotel cost over Rp200 billion, of which Rp137 billion came from bank loans and the rest from the company's internal cash, he added. "We don't buy cement, sand and so on because all these are taken from our companies so the construction costs can be kept low," said Aksa, who is also a member of the Regional Representative Council (DPD). Located at Jl. Jend Sudirman, the 12-storeyed Novotel Makassar Grand Shayla will have 356 rooms. The hotel will be the third one owned by Bosowa. Arsaflan, chief of state-owned Bank Bukopin's branch in Makassar said he warmly appreciated the construction of Bosowa's hotel business in cooperation with the bank.(S012/INE)