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| Rome - Nov. 10, 2003 - Bulgari Hotels &
Resorts, the joint venture company formed by Bulgari (MIL:BUL), the contemporary
Italian Jeweller, and the Luxury Group of Marriott International, Inc.
(NYSE:MAR), announced today its second hotel project - following the first
to open in Milan - to be developed on a unique site in Bali. The
five-star luxury resort is scheduled to open mid 2005.
The hotel will be developed and owned by MRA Group & Partners, a well-known Indonesian business owner of the franchised Bulgari stores in Indonesia. MRA's other interests include luxury automobile dealerships, media and premium brand retailing. Bulgari will license its brand, while the Marriott International's Luxury Group will manage the hotel. The hotel site is located near Pecatu village on the southern tip of the Jimbaran Peninsula. Set on a secluded plateau defined by cliffs dropping straight to the sea, the resort will be composed of 58 villas, 54 of which will be one-bedroom, 300-square- meters luxury units, each with unique exterior features such as a patio with a plunge pool, as well as living and dining rooms. The interior of the villas will include a spacious layout with a large bedroom, a study/library, two separate bathrooms and dressing rooms. The remaining four villas will include 3 two-bedroom luxury units of 500-square-meters each; while the Bulgari Villa with 1600 square meters will feature three bedrooms, a home theatre and a separate apartment for staff. All villas will overlook the sea. The exclusive resort will, in its unparalleled
natural setting, offer a large spa, a private beach, two restaurants, a
library, several meeting rooms and a Bulgari store. The resort will be
designed by the well-known architect Antonio Citterio & Partners for
Bulgari, featuring a contemporary interpretation of the traditional Balinese
style using
Francesco Trapani, Chief Executive Officer of the Bulgari Group, commented: "I am very pleased about this second hotel project, located in one of the most exciting and exclusive vacation destinations in the world. I am convinced that this resort will be a spectacular venture that will contribute to further enhance the Bulgari brand image. This operation joins our first city hotel in Milan, which will open in 2004." |
| Contact:
Matthew Carroll Manager, North American Communications Marriott International Phone: 301 380 8331 Fax: 301 897 9014 email: [email protected] www.bulgari.com |