Danantara Merges 137 State-Owned Hotels

JAKARTA, KOMPAS.com - The Danantara Indonesia Investment Management Agency (BPI) has merged 137 hotels owned by state-owned enterprises (SOEs).

Danantara Indonesia CEO Rosan Roeslani said the move is part of a streamlining programme for state companies. “We have 137 hotels that we are also merging,” he said during a press conference on the 2027 State Budget Plan and Financial Note at the Directorate General of Taxes headquarters in Jakarta on Friday (14/8/2026).

Rosan explained that the hotel merger is one of Danantara’s steps to streamline the number of SOE companies. Four companies were merged: PT Mandiri Manajemen Investasi (MMI), PT BRI Manajemen Investasi (BRI MI), PT BNI Asset Management (BNI AM), and PT PNM Investment Management (PNM IM). Mandiri Manajemen Investasi became the main entity or surviving entity of the merger.

According to Rosan, the consolidation of SOE businesses is being carried out to improve efficiency and productivity, while optimising assets owned by state companies. “Our target is indeed streamlining so that we can create efficiency, improve productivity and optimise our existing assets,” said Rosan.

Danantara is currently streamlining a total of 1,074 SOE companies. To date, the number of companies has been reduced by around 290 through various schemes, ranging from divestment, mergers, liquidation, to vertical consolidation.

Danantara is targeting the number of SOE companies to be streamlined to around 300 by the end of this year. “This is one of the programmes we are running with the target that by the end of this year we can reach approximately 300 SOE companies,” said Rosan.