Government to Optimise Hotel Sultan as State Asset, Plans Major Redevelopment with Danantara

Minister of State Secretary Prasetyo Hadi has stated that Hotel Sultan in the Gelora Bung Karno (GBK) complex, Jakarta, will be optimised to increase state revenue. He explained that the government is currently coordinating with the Danantara Investment Management Agency to redesign the management of the Hotel Sultan area. “We have been and are currently coordinating with Danantara to redesign the management of the Hotel Sultan area and its surroundings so that we can optimise its use, thereby hopefully increasing state revenue,” Prasetyo said during a meeting with Commission XIII of the House of Representatives on Wednesday, 15 July 2026. He further asserted that the Hotel Sultan issue has been ongoing since 2018, and that the hotel is legally a state asset according to court rulings. “Because indeed, from the entire legal process, it has been declared that Hotel Sultan is a state asset, and its management by a third party has concluded. So we are simply carrying out the legal process based on the court’s decision,” he said. Previously, Danantara CEO Rosan Roeslani revealed that the former Hotel Sultan building in the GBK complex would be demolished to make way for a new Indonesian icon. He confirmed the transformation would be comprehensive to provide a tangible impact on the economy and the Indonesian people. “At this moment I may not be able to say, but the plan is to turn it into a new area. Eventually, yes, it will be demolished,” Rosan said at the Presidential Palace complex in Jakarta on Monday, 22 June 2026. Rosan stated that the international-standard redesign plan targets the former Hotel Sultan area and also encompasses the entire GBK complex. “Not only the GBK area, but the whole area will be redesigned, including the golf course and the GBK area, which is approximately 200 hectares,” he said. He added that commercial accommodation facilities will still be built within the new area. Rosan assured that the development would provide more accommodation than before to support public facilities in the city centre. “There will definitely be hotels, and not just one. So of course, this will be made into a new icon for Indonesia,” Rosan said.