WIKA Realty President Director Discusses Holding Hotel in CNBC TV

Friday, 15 January 2021

Jakarta, 15 January 2021 - Subsequent to the plan to form the Hotel Holding of State Owned Enterprise ("SOE"), the President Director of PT Wijaya Karya Realty ("WIKA Realty"), Koko Cahyo Kuncoro, is invited to be interviewed by CNBC Indonesia TV in the Power Lunch program which is held on Friday (15/01).


In the event, Koko Cahyo Kuncoro explains and discusses the process of forming the Hotel Holding of the SOE, which is planned to be established in the first Semester of 2021, after the signing of the Commitment Agreement in December 2020 which was signed with 4 other state-owned companies, PT Aerowisata Group, PT Patra Jasa, PT Hotel Indonesia Natour, and PT Pegadaian.


Koko explained, "with the establishment of this Holding Hotel, WIKA Realty will get a new portfolio of 22 hotels managed by the operator Pesona Indonesia Jaya and the Hotel Indonesia Group. In addition, there will be 8 flagship hotels joining in this plan consisting of 5 * and 4 * hotels.


Furthermore, Koko expresses the company's optimism in realising the proceed of this business integration with WIKA Realty experience, which has managed 7 hotels that are included as the company's recurring income. "The company is also optimistic that Holding Hotels can collaborate and support each other with the Tourism Holding to help improve Indonesia's tourism economy. Especially with the commencement of the COVID-19 vaccine activity yesterday, we are increasingly optimistic about becoming a competitive business institution and a global player."