GGSM Expands into Exclusive High-End Villas, Restaurants, and Hotels in Bali
Rhea-AI Summary
Gold and Gemstone Mining (OTC: GGSM) announced an expansion into luxury hospitality and real estate development in Bali on January 27, 2026. The company is pursuing a seven-villa high-end development (one- to four-bedroom layouts) located about 45 minutes from Ngurah Rai International Airport, with preliminary targeted retail pricing of ~$1,100,000 per villa and an aggregate sales target of ~$7,700,000. Plans list potential amenities such as private pools, wellness features, and entertainment spaces. GGSM is also evaluating medium- to high-end restaurant and hotel concepts and may pursue direct development or third-party operating arrangements. The company said figures are preliminary and depend on final design, permits, construction costs, market conditions, and financing.
Positive
- Plans for a 7-villa luxury project targeting premium Bali buyers
- Preliminary pricing of ~$1.1M per villa implying ~$7.7M aggregate sales target
- Exploring complementary restaurant and hotel concepts to broaden hospitality footprint
- Leverages existing Indonesia operations in marine charter and cargo services
Negative
- Pricing and aggregate sales are preliminary and subject to change
- Project depends on permitting, regulatory approvals and construction cost uncertainty
- Outcomes hinge on market conditions and financing, creating timeline and execution risk
News Market Reaction
On the day this news was published, GGSM declined 41.67%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
BALI, Indonesia, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Gold and Gemstone Mining, Inc. (OTC: GGSM) (the “Company”) announced that it is expanding into luxury hospitality and real estate development in Bali, including plans for exclusive high-end villas and the evaluation of complementary restaurant and hotel concepts as part of its broader Indonesia-focused business activities.
The Company is pursuing the development of a luxury villa project consisting of seven high-end villas designed to serve the premium segment of the Bali market. Conceptual plans for the villas include one to four bedrooms and a range of amenities that may include private pools, wellness and fitness features such as saunas and steam rooms, ice baths, entertainment and lounge spaces, and other high-end lifestyle features. The proposed development is located approximately 45 minutes from Ngurah Rai International Airport, and the Company is monitoring regional infrastructure improvements that may enhance accessibility and connectivity.
Based on current preliminary planning assumptions, the Company anticipates targeted retail pricing of approximately
In addition to the villa development, the Company is evaluating opportunities to expand its Bali hospitality footprint through medium- to high-end restaurant and hotel concepts, which may be pursued directly by the Company or through third-party operating arrangements.
These initiatives are intended to complement the Company’s existing Indonesia-based business activities, including marine charter services and charter boat transportation services supporting tourism and marine travel in the Mentawai Islands and surrounding regions, as well as cargo transportation services serving commercial and construction-related needs.
“We are thrilled to expand into the luxury hospitality sector with our high-end villa development,” said Rudi Khelces, CEO of GGSM. “Our goal is to create an unforgettable and extraordinary atmosphere for our residents, visitors, and guests.”
About GGSM
Gold and Gemstone Mining, Inc. is a publicly traded company engaged in operating and evaluating businesses primarily in Indonesia, with a focus on marine charter services, cargo transportation, hospitality, and related asset-based activities. The Company’s operations include charter boat services supporting tourism and marine travel in the Mentawai Islands and surrounding regions, as well as cargo transportation services serving commercial and construction-related needs. GGSM also operates hospitality assets and evaluates real estate and experiential development opportunities consistent with its operational footprint. The Company’s business activities are conducted directly or through operating arrangements and may evolve over time based on market conditions, strategic priorities, and available resources.
Forward-Looking Statements / Safe Harbor
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding anticipated development plans, potential sales pricing, project scope, timing, market opportunities, infrastructure improvements, strategic collaborations, and business strategy. Words such as “expects,” “plans,” “intends,” “believes,” “may,” “could,” “will,” “projects,” and similar expressions are intended to identify forward-looking statements.
These statements are based on current expectations and assumptions that are subject to risks, uncertainties, and changes in circumstances that could cause actual results to differ materially from those expressed or implied. Factors that could cause such differences include, among others, regulatory approvals, market conditions, construction and development risks, financing availability, changes in economic conditions, and other risks described from time to time in the Company’s public filings. GGSM undertakes no obligation to update or revise any forward-looking statements except as required by law.
Investor and Media Contact:
Rudi Khelces
CEO
Gold and Gemstone Mining, Inc.
info@ggsmcorp.com
www.ggsmcorp.com
FAQ
What did GGSM announce about its Bali villa project on January 27, 2026?
How much revenue does GGSM target from the Bali villas (OTC: GGSM)?
Where is GGSM's proposed Bali development located relative to the airport?
Will GGSM operate restaurants and hotels in Bali directly?
What factors could change GGSM's preliminary villa pricing and timeline?
