|
In July 1998, Lotus Enterprises went back into the hotel business
by acquiring a charming beachfront small bungalow hotel in Candidasa,
east of Bali. The hotel has been totally renovated to upgrade its
facilities to meet Lotus Enterprises standards and it is now called
LOTUS BUNGALOWS. In autumn 1999, the
hotel has acquired another small property next to it, which has
also been renovated.
The hotel Division is now in the process of acquiring the totality
of an outstanding 10 hectars peninsula in Lombok that will be developed
in up to 3 market hotels and a central recreational area. The first
two pieces have already been bought.
|