WATERFALL: a new wellness destination in Bali, open to one partner
WATERFALL is a new spa and wellness project by THE FACES, the team behind an operating spa in Ubud. THE FACES builds, staffs and runs the destination, with regular reporting to its partner.
A new expression of wellness in Bali
WATERFALL is a spa and wellness destination in THE FACES portfolio, built around architecture, nature and restorative rituals.
Sculpted stone treatment rooms, arched windows onto the jungle, a stone bath suite and a tropical lounge terrace. The kind of place guests photograph, return to and recommend.
Request a partnership call
A growing market with guests arriving every day
Our spas are already open
WATERFALL is run by the same team and the same model as THE FACES spas operating in Bali today. See them live on Instagram.
THE FACES Ubud
for about 3 years, with real clients and an experienced team
See it on Instagram → @THE FACES Sanur
existing spa whose results are the base model for our new projects
See it on Instagram → @THE FACES INVEST
construction progress, founders and investor news
See it on Instagram →Past results of operating spas do not guarantee results of a new project. Financial statements of operating spas are available during due diligence.
Designed around nature
Real progress on site and the design direction for the finished spaces.
Project photography and architectural visualisations. Final finishes and layouts may vary.
Proposed protections for the partner
The structure below is what we propose to every partner. All points are written into the definitive agreements and reviewed by your own lawyer.
Notarised shareholding
Participation is formalised by notarial deed and registered with the Indonesian Ministry of Law (AHU). The partner becomes a legal shareholder, not a lender.
Capital in tranches
Funds are released against agreed construction and launch milestones from a dedicated project account, not paid in one lump sum.
Monthly reporting
Revenue, costs, bookings and payouts every month. Full access to the books and bank statements on request.
Veto on key decisions
Reserved matters such as new debt, sale of assets, change of lease or budget need the partner’s approval.
Documents before you sign
Lease agreement, permits, budget and construction schedule are shared in the data room for your due diligence.
Clear exit options
Right of first refusal, pre-agreed buy-back and tag-along terms, so you know in advance how you can exit.
Protection mechanisms are proposed terms and become binding only once included in the signed shareholder and investment agreements. Investing involves risk, including possible loss of capital.
Request a partnership call
Tell us who you are and what you are looking for. We review every request personally and send suitable partners a link to book a call with the founders.
- Fill in the form — about 1 minute
- We review your request personally
- Suitable partners book a call with the founders
Designed for hotel groups, developers, property owners and private partners able to commit significant capital to a premium venue.
Request a partnership call
About 1 minute. We reply personally.
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Book your callYou deal directly with the founders
THE FACES was founded by Anna and Evgenii Dubinin to create wellness spaces where design, hospitality and ritual work together. Their spa in Ubud has been operating for about three years.
- Anna: concept, brand, rituals and marketing
- Evgenii: development, construction and operations
- The same team that runs THE FACES spas runs WATERFALL
From first call to partnership in 4 steps
Intro call
Video or phone call with the founders. Ask anything, no obligation.
Project pack
Budget, financial model, lease, permits and construction schedule.
Due diligence
Site visit in Bali or online walkthrough. Review with your lawyer.
Agreement
Shareholder agreement signed, shares registered, capital released in tranches.
Straight answers
Anything else? Call or write to us directly.
How are participation terms shared?
Individually, after an introductory call, and only where the law of your country allows. We do not publish investment amounts or returns.
Do I need to be involved in running the spa?
No. THE FACES manages construction, hiring, training, marketing, daily operations and accounting. You receive monthly reports and vote on key decisions.
Can a foreigner own shares in a Bali business?
Yes, through an Indonesian company with foreign shareholders (PT PMA). Our lawyers explain the structure during the intro call; you can verify it with your own counsel.
When does the spa open?
After construction is completed. The launch timeline is shared in the project pack after the introductory call.
How is capital controlled?
Capital is released in tranches against milestones from a dedicated project account, with monthly reporting and access to bank statements.
What are the risks?
Construction delays, slower ramp-up, lower demand, currency movements and regulatory changes. They are discussed openly in the investor pack, together with how we manage them.
Can I visit the site?
Yes. We organise site visits in Bali and live video walkthroughs for investors abroad.
Talk to the founders this week
Choose the way that suits you. We answer every enquiry personally.
Usual response time: within 24 hours · English · Русский · Español · Bahasa Indonesia