Bintan Lagoon Resort is a world-renowned resort located in the beautiful Indonesian island of Bintan. It is a picturesque destination that offers a wide range of amenities and activities for tourists and locals alike.
However, the question of who owns Bintan Lagoon Resort has been a subject of much speculation and interest for many years. Let’s delve deeper into this topic.
The Early Days
Bintan Lagoon Resort was first established in 1996, under the ownership of PT Bintan Resort Cakrawala. This company was a joint venture between Singapore-based property developer, Gallant Venture Ltd and Indonesia’s largest private sector investment company, Sinar Mas Group.
The Acquisition by Hotel Properties Limited
In 2007, Hotel Properties Limited (HPL), a hotel management company based in Singapore, acquired a controlling stake in PT Bintan Resort Cakrawala. HPL is well known for its luxurious hotel properties across Asia, including The Four Seasons Hotel Hong Kong and The St. Regis Bali Resort.
Under HPL’s ownership, the resort underwent significant renovations and upgrades to enhance guests’ experience while staying at the resort. They added new facilities such as spas, swimming pools, golf courses to attract more visitors.
The Current Ownership
In August 2018, it was announced that HPL had sold its stake in Bintan Lagoon Resort to Investment Corporation of Dubai (ICD). ICD is an investment arm of the government of Dubai and manages various assets globally.
The acquisition by ICD was seen as significant because it marked their first-ever investment in Indonesia’s tourism industry. It also showcased their belief in the potential growth opportunities that the Indonesian market has to offer.
Conclusion
In conclusion, Bintan Lagoon Resort has gone through various changes in ownership and management over the years. Currently, it is owned by Investment Corporation of Dubai, who has expressed their commitment to continue the resort’s legacy of providing an exceptional experience to its guests.
Whether you’re looking for a relaxing getaway or an action-packed adventure, Bintan Lagoon Resort is undoubtedly a must-visit destination in Indonesia.