WIKA Realty Signs Establishment of BUMN Hotel Holding

Tuesday, 29 December 2020

Jakarta, 29 December 2020 - PT WIKA Realty [WIKA Realty] shows its readiness to become the holding company for BUMN hotels. This is indicated by the signing of the Share Purchase Commitment Agreement between PT WIKA Realty and PT Aero Wisata - a subsidiary of PT Garuda Indonesia (Persero) Tbk., PT Hotel Indonesia Natour (Persero) [HIN] and PT Patra Jasa - a subsidiary of PT Pertamina (Persero), as well as the Asset Sale and Purchase Commitment Agreement with PT Pegadaian in Jakarta, on Tuesday (29/12). 


Representing WIKA Realty in the signing were the President Director, Koko Cahyo Kuncoro and the other President Directors of the Company, namely: Acting President Director of PT Patra Jasa, Teddy Kurniawan Gusti, President Director of Hotel Indonesia Natour, Iswandi Said, President Director of Pegadaian, Kuswiyoto, and President Director Aero Wisata, Beni Guwanan.


The signing was also witnessed by the Deputy Minister of BUMN II, Kartika Wirjoatmodjo, the President Directors of BUMN; PT WIJAYA KARYA (Persero) Tbk., PT Pertamina (Persero), PT Garuda Indonesia (Persero) Tbk., and other BUMN Management.


Furthermore, the signing of the Sale and Purchase Commitment Agreement is a follow-up to the Joint Memorandum of Understanding on the BUMN Hotel Business Consolidation Plan which was signed in September 2020.


"The consolidation of the hotel business is in line with the steps to make BUMN as a competitive business institution as well as regulating the BUMN hotel business line so that the parent BUMN that previously supervised the hotel subsidiaries can run the business according to its core business," said Deputy Minister II of BUMN, Kartika Wirjoatmodjo.


In addition, this policy, explained Kartika, was also designed in accordance with the efficiency plan, downsizing BUMN as a business institution and global player, running and supporting government programs in the tourism sector, and increasing competitiveness and value creation from the consolidation of the BUMN hotel business.


This agreement is part of the establishment of a hotel holding in which 22 hotels will be consolidated in the formation of BUMN Hotel Holding, namely 11 hotels belonging to Hotel Indonesia Natour, 1 Hotel owned by Aero Wisata, 1 hotel owned by PT Patra Jasa, and 9 hotels owned by PT Pegadaian.


Hotel Indonesia Natour, has 11 hotel and resort units in Bali, Java and Sumatra, namely Inaya Putri Bali, Grand Inna Kuta, Grand Inna Padang, Grand Inna Malioboro, Grand Inna Tunjungan, Grand Inna Samudra Beach, Grand Inna Medan, Inna Tretes, Inna Parapat, Inna Sindhu Beach, and Inna Bali Heritage.


PT Aero Wisata which is a subsidiary of PT Garuda Indonesia (Persero) Tbk., Owns Kila Senggigi Beach Lombok. Meanwhile, PT Pertamina (Persero) through its subsidiary PT Patra Jasa owns and manages The Patra Bali Resort & Villas. Meanwhile, PT Pegadaian has 9 hotels managed by a subsidiary of PT Pesonna Indonesia Jaya and spread across Makassar, Pekanbaru, Semarang, Yogyakarta, Gresik, Tegal, Pekalongan and Surabaya.


Meanwhile, PT WIJAYA KARYA (Persero) Tbk., Through its subsidiary, PT Wika Realty currently manages 7 condotels namely Best Western Papilio Hotel in Surabaya, Best Western Premiere La Grande Hotel in Bandung, Wyndham Tamansari Jivva Resort, Golden Tulip Jineng Resort Bali, Best Western The Lagoon Manado Hotel, Best Western Premiere The Hive Hotel Jakarta and Kyriad Hotel Airport Tangerang.