Your Voice Asia can now confirm the latest edition to the ever growing MotoGP world as the tropical Island of Lombok is set to open the Mandalika Circuit.
Indonesia has grasped the opportunity to create another Asian success story like Singapore’s road circuit which has seen 1.4 billion SGD in tourism receipts and 490,000 extra visitors during F1 week. Central government alongside The Indonesian Tourism Development Corporation have inaugurated the Mandalika Special Economic Zone (SEZ) to provide sufficient funds to generate an all year-round attraction.
The latest noteworthy development is Elite Property Marketing signing off as official promoter for the race teams and supporting industries. Elite Property Marketing is the number one powerhouse in the motorsports industry and shows how serious Indonesia is about this new venue.
Looking at Singapore’s hotel rack rates increasing by 400% and the value of properties at other Asian venues like Phillip Island in Australia tripling property prices in the last seven years, the Wyndham managed Sundancer Resort winning tender with Elite Property marketing are set to benefit most as the primary resort for the MotoGP VIPs as well as high-end entertainment packages for the elite racegoers.
Speaking to Wyndham Trustees in the United Kingdom whom secure assets for a private crowdfund in the resort, “we expect well above average returns with this venture. We are fortunate to be involved in a project that is truly in the right place and the right time”.
Watch this space as we will keep our regular readers up to date with what seems to be the most interesting opportunity in motor racing venues in the whole Asia Pacific region.