WIKA Realty and 3 State–Owned Enterprises Group Integrate in State–Owned Enterprise Holding Hotel

Wednesday, 18 August 2021

Jakarta, 18 August 2021 - PT Wijaya Karya Realty (“WIKA Realty”) and 3 State-Owned Enterprise Company and Subsidiaries signed the BUMN Hotel Holding Integration as a follow-up to the Joint Commitment to BUMN Hotels in December 2020. This event is held on Wednesday (18/8) virtually and attended by the President Director of WIKA Realty, Koko Cahyo Kuncoro, President Director of PT Hotel Indonesia Natour (Persero) (“HIN”), Iswandi Said, President Director of PT Pegadaian (Persero) ( “Pegadaian”), Kuswiyoto, and the President Director of PT Aero Wisata (“Aero Wisata”), Beni Gunawan. Also witnessing the Deputy Minister of Ministry of State-Owned Enterprise II, Kartika Wirjoatmodjo, the Deputy Assistants of the Ministry of State-Owned Enterprise, and the President Directors of State-Owned Enterprise; PT Wijaya Karya (Persero) Tbk, represented by Agung Budi Waskito as the President Director and Mursyid as the Director of HC & Development, PT Garuda Indonesia (Persero) Tbk represented by Rahmat Hanafi as the Director of Maintenance, as well as the Management of other SOEs.

 

The signing of this BUMN Holding Hotel Integration includes the following: the Sales & Purchase Agreement (“SPA”) Transaction of the Sale and Purchase of WIKA Realty Shares with Aero Wisata, the Sale and Purchase Agreement of Pegadaian Hotels by WIKA Realty, and the Conditional Sale and Purchase Agreement (“CSPA”) of Shares between WIKA Realty and HIN. This agreement is part of the establishment of a hotel holding which has 21 hotels in the first stage that will be integrated in the establishment of a SOE Holding Hotel, namely 11 hotels belonging to HIN, 1 hotel belonging to Aero Wisata, and 9 hotels belonging to Pegadaian.

 

Mursyid, as Director of HC & Development of PT Wijaya Karya (Persero) Tbk as well as Chair of the Project Management Office (“PMO”) of SOE Holding Hotel, said “Today's signing activity marks the completion of the consolidation and turn around process as stage 1 of the SOE Hotel Holding roadmap.” Mursyid also explained that the entire team will prepare to enter the next stage- parenting & partnership as stage 2 and fundraising & expansion as the last stage in the SOE Hotel Holding roadmap.

 

Deputy Minister of Ministry of State-Owned Enterprise II, Kartika Wirjoatmodjo, said in his speech, "Wika Realty will be the owner of these SOE-owned hotels and play a role in the business development of these hotels, while the management or operator of these SOE-owned hotels will be carried out by Hotel Indonesia Group whose shares are owned by Hotel Indonesia Natour as well as Wika Realty”.