Inter-Continental Hotels and Resorts to enter RI<\/p>\n
JAKARTA (JP): Inter-Continental Hotels and Resorts, one of the
\nworld's largest privately owned hotel chains, plans to run a
\nForum Hotel in Surabaya, East Java, which will become its first
\nhotel under the Forum brand and its third property in Indonesia.<\/p>\n
A spokesman for Inter-Continental in Hong Kong, Chris Dillon,
\ntold The Jakarta Post yesterday that the hotel company recently
\nsigned a letter of intent with PT Intercope Antarnusa, a private
\nJakarta-based firm, for the management of the planned four-star
\nhotel in Surabaya.<\/p>\n
The two parties are negotiating the project, including the
\nconstruction schedule, he said.<\/p>\n
Inter-Continental, which celebrates its 50th anniversary this
\nyear, currently runs two properties in Indonesia: the Borobudur
\nInter-Continental and the Bali Inter-Continental Resort in Bali.
\nThe Borobudur Inter-Continental, which is now undergoing a US$65
\nmillion renovation, is slated to resume operations next March.<\/p>\n
The company, owned by Japan's Saison Corporation, manages 179
\nproperties in 67 countries. Of the properties, 117 are under the
\nname of Inter-Continental, 22 under the name of Forum and 40
\nunder the name of its partners.<\/p>\n
Separately, the Hong Kong-based Shangri-La Hotels and Resorts
\nalso announced its plan to take an option to acquire up to 33
\npercent equity in PT Nusapuri Lestarijaya, a Jakarta-based
\nprivate company which owns a 5,282-square-meter site for the
\nconstruction of a 450-room Traders Hotel.<\/p>\n
Traders is one of Shangri-La's brand names.<\/p>\n
Shangri-La's public relations director, Joanne Watkins, told
\nthe Post yesterday that her company made the plan on May 27 after
\nthe company's shareholders meeting.<\/p>\n
The planned hotel, to be established at a cost of $65 million,
\nwill be located on Jl. Hayam Wuruk, near the city's Glodok
\nbusiness area. The planned property, the first Traders Hotel in
\nIndonesia, is expected to open in 1998.<\/p>\n
Shangri-La currently runs two hotels in Indonesia: the Bali
\nDynasty in Bali and Shangri-La Jakarta. (icn)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/inter-continental-hotels-and-resorts-to-enter-ri-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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