120 State-Owned Hotels Merged, InJourney Becomes Second-Largest Hotel Operator

State-owned hotels have officially been unified under InJourney. The integration of all state-owned hotels is part of a broader SOE transformation orchestrated by Danantara.

With a projection of 120 hotels, InJourney is poised to become the second-largest hotel operator in Indonesia. Previously, on Friday (26/06/2026), 45 hotels spread across various state-owned enterprises signed a Conditional Sale and Purchase Agreement (CSPA) as part of the unification of hotel assets under the InJourney umbrella.

The Head of BP BUMN and COO of Danantara, Dony Oskaria, stated that the unification of all state-owned hotels under InJourney represents a major leap in reorganising and strengthening the value of our hospitality assets to ensure greater competitiveness. “With a projection of 120 hotels, Injourney will become the second-largest hotel operator in Indonesia,” said Dony on Friday.

The signing of the CSPA for these 45 hotels is part of the SOE transformation within the hospitality sector. This positive momentum will be maintained, with further signings from several other hotels projected for early next week. This is a concrete step towards optimising asset value and creating a more resilient management structure.

“This CSPA scheme ensures that the asset consolidation process is conducted prudently and prioritises good governance. The consolidation of all state-owned hotels serves as a solid foundation for value creation. Ultimately, this transformation will create a more efficient, competitive, and integrated tourism industry portfolio,” Dony explained.