Savoy Homann to convert Kota buildings into hotel<\/p>\n
JAKARTA (JP): State-owned trading company PT Cipta Niaga
\nsigned an agreement yesterday with hotel-chain operator PT Savoy
\nHomann for the conversion of vintage buildings owned by Cipta in
\nKota, North Jakarta, into a hotel.<\/p>\n
Cipta Niaga president Eddie M. Gunadi said the conversion of
\nthe buildings, which were erected in the 17th century by the
\nDutch colonial administration, will cost about US$10 million, of
\nwhich 55 percent will be borrowed.<\/p>\n
The planned hotel is to have 120 rooms of various types. It is
\ndue to be opened in early 1998.<\/p>\n
Eddie said the development of the hotel, to be called
\nHeritage, is consistent with the government's program of
\nrejuvenating historical buildings in Kota, which is Jakarta's old
\ncity.<\/p>\n
Savoy Homann's hotels are mostly located in West Java. Savoy
\nHomann president H.E.K. Ruhiyat said that the two companies will
\ncooperate in making the hotel a tourist attraction, rather than
\nsimply a place to eat and sleep.<\/p>\n
Expressing optimism about the hotel's future, Ruhiyat said
\nIndonesia is going to need a larger number of hotels to
\naccommodate the growing number of foreign tourists.<\/p>\n
The government estimates that, by 2005, annual tourist
\narrivals will have reached 12 million, making the tourism sector
\nIndonesia's largest foreign-currency earner.<\/p>\n
Ruhiyat said Savoy Homann would operate the hotel under a 20-
\nyear build-operate-transfer agreement.(13)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/savoy-homann-to-convert-kota-buildings-into-hotel-1447893297",
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