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PT Wijaya Karya Realty and 2 State–Owned Enterprises and Subsidiaries Signed Further Agreement in Regard to SOE Hotel Holdings - Wika Realty - Best Partner in Property.

PT Wijaya Karya Realty and 2 State–Owned Enterprises and Subsidiaries Signed Further Agreement in Regard to SOE Hotel Holdings

Thursday, 30 September 2021

Jakarta, 30 September 2021 - PT Wijaya Karya Realty (“WIKA Realty”) and 2 State-Owned Enterprises (SOE) and its Subsidiaries signed further agreement in regard to the integration of SOE Hotel Holding as a follow-up to the Joint Commitment to SOE Hotels in December 2020. This event is held on Thursday (30/9) and attended by the President Director of WIKA Realty Koko Cahyo Kuncoro, the President Director of PT Wijaya Karya (Persero) Tbk (“WIKA”) Agung Budi Waskito, the President Director of PT Hotel Indonesia Natour (Persero) (“HIN”) Iswandi Said, and President Director of PT Aero Wisata (“Aerowisata”) Beni Gunawan. Also in attendance, the Deputy Assistant to the Ministry of SOEs for Tourism and Supporting Services Endra Gunawan, and the Director of HC & WIKA Development as well as the Head of the Project Management Office (“PMO”) of the SOE Hotel Holding Mursyid, and the Management of the other SOE and its subsidiaries.

 

The aforementioned agreements in the event is the Sales & Purchase Agreement (“SPA”) for the Sale and Purchase Transaction of WIKA Realty Shares with HIN and the Shareholder Agreement (“SHA”) of WIKA Realty between WIKA, HIN, and Aerowisata. These agreements are part of the establishment of the SOE Hotel Holding which including 21 hotels that will be integrated in the formation of the BUMN Holding Hotel in the first stage, where WIKA Realty has now officially become the holding company for the 11 hotels owned by HIN. 

 

Mursyid said, "Today's event has its own meaning because we have gone through a long process, and thus PT Hotel Indonesia Natour (Persero) will join as a shareholder of WIKA Realty with WIKA Group and Aerowisata." Mursyid also explained that the entire team will continue to strive to complete the next stages that support the implementation of the integration program and increase the value of the hotels owned by SOE. Currently, PMO SOE Hotel Holding is preparing the Phase 2 of this Integration, which is parenting & partnership. 

 

Assistant Deputy of the Ministry of SOEs for Tourism and Supporting Services, Endra Gunawan, added in his remarks, "Today is the initial stage to support the efficiency program and make SEO owned hotels a global player, where WIKA Realty is the owner of BUMN hotels and Hotel Indonesia Group as the operator.”