Asian hospitality chain Meritus Hotels & Resorts (MHR) signed a memorandum of agreement with Funtasy Island Development (FID) for the management of a deluxe resort development comprising a 200-room condotel, a 230-suite hotel and an aggregate of 413-unit villas on Funtasy Island. The development is envisioned to be the largest eco theme park and the first gated island community in the world.
Located on Riau Islands, Indonesia and slated to open in 2014, Funtasy Island will house hotel suites and villas complementing retail, convention, dining and recreational facilities - all spread over 810 acres of tropical islands situated between Batam and Singapore.
Funtasy Island will be accessible via a 20-minute yacht or ferry ride from the Harbourfront ferry terminal. The island is approximately two-thirds the size of Sentosa island, with 70 percent of its total area being preserved as a nature sanctuary. Eco-themed activities will include aquaculture tours in the surrounding waters, as well as nature trails, allowing visitors to explore the island's unspoiled environment.
Upon completion, Funtasy Island will be the first development of its kind near Singapore.