Holiday Inn expands to Semarang
Holiday Inn expands to Semarang
SEMARANG, Central Java (JP): Holiday Inn Worldwide, the hotel
division of Britain's Bass Plc., will begin operating its fourth
hotel in Indonesia here later this year.
The four-star Holiday Inn Semarang is owned by Napan Group,
one of the country's leading diversified private business groups.
J.F. Ma'roef, an executive director of PT Niagatama Arsaraya,
a subsidiary of Napan, which owns the Holiday Inn Semarang, said
here yesterday that the 213-room hotel would have its soft
opening in August.
"The grand opening is scheduled for late this year," he said
after symbolically marking the topping off of the 10-story hotel.
The hotel is situated on a 7,723-square-meter plot on Jl.
Sisingamangaraja in Candi, the upper area of this city.
Ma'roef said that his company had invested about US$31 million
in the hotel's construction.
"A bank syndication led by Bank Pacific has extended a five-
year $21.5-million loan," he said.
The capital of Central Java has only a limited number of four-
star hotels, including the Patra Jasa of the state-owned oil firm
Pertamina, the Graha Santika of the Gramedia Group and the
Ciputra Hotel, which is managed by the Hong Kong-based Swiss-bel
Hotel chain.
The city's deputy mayor, Herdjono, said yesterday that the
city still had an insufficient number of star-rated hotels as
well as tourist destinations and attractions. "Though Semarang is
less popular than Yogyakarta and Surakarta in Central Java, the
city has now become a destination, not just a transit center."
According to Ma'roef, the Holiday Inn Semarang would target
both businesspeople and tourists as its guests.
"The number of star-rated hotels in this city is incomparable
with its economic growth of 13.3 percent and per capita income of
19.4 percent per year," he said, confident that the hotel would
have high occupancy rates.
He said that the hotel would be Napan's first hotel.
Napan would also develop another Holiday Inn hotel in
Yogyakarta, he said.
The property division of Napan has a number of properties in
Jakarta, including a tourist resort on Pulau Ayer in the Thousand
Islands chain, the Puri Raya apartment block, the Jakarta Golf
Village in Kemayoran and Pasar Pagi Mangga Dua.
Holiday Inn currently manages the Holiday Inn Crown Plaza in
Jakarta, the Holiday Inn Bali and the Holiday Inn Lombok.
The properties in Jakarta and Bali are owned by PT Prabu Budi
Mulia, an affiliate of the Wijaya Wisesa business group, and PT
Puri Bunga, respectively. The Holiday Inn Bali is owned by PT
Lombok Seaside Cottage of the Blue Bird transportation business
group.
Holiday Inn Worldwide's director of project development, Nigel
St. J. Harris, said yesterday that his company would manage four
other hotels in Indonesia, in Jakarta; Bandung, West Java;
Surabaya, East Java and Medan, North Sumatra.
Holiday Inn Worldwide has more than 2,000 hotels in some 60
countries and territories. (icn)
SEMARANG, Central Java (JP): Holiday Inn Worldwide, the hotel
division of Britain's Bass Plc., will begin operating its fourth
hotel in Indonesia here later this year.
The four-star Holiday Inn Semarang is owned by Napan Group,
one of the country's leading diversified private business groups.
J.F. Ma'roef, an executive director of PT Niagatama Arsaraya,
a subsidiary of Napan, which owns the Holiday Inn Semarang, said
here yesterday that the 213-room hotel would have its soft
opening in August.
"The grand opening is scheduled for late this year," he said
after symbolically marking the topping off of the 10-story hotel.
The hotel is situated on a 7,723-square-meter plot on Jl.
Sisingamangaraja in Candi, the upper area of this city.
Ma'roef said that his company had invested about US$31 million
in the hotel's construction.
"A bank syndication led by Bank Pacific has extended a five-
year $21.5-million loan," he said.
The capital of Central Java has only a limited number of four-
star hotels, including the Patra Jasa of the state-owned oil firm
Pertamina, the Graha Santika of the Gramedia Group and the
Ciputra Hotel, which is managed by the Hong Kong-based Swiss-bel
Hotel chain.
The city's deputy mayor, Herdjono, said yesterday that the
city still had an insufficient number of star-rated hotels as
well as tourist destinations and attractions. "Though Semarang is
less popular than Yogyakarta and Surakarta in Central Java, the
city has now become a destination, not just a transit center."
According to Ma'roef, the Holiday Inn Semarang would target
both businesspeople and tourists as its guests.
"The number of star-rated hotels in this city is incomparable
with its economic growth of 13.3 percent and per capita income of
19.4 percent per year," he said, confident that the hotel would
have high occupancy rates.
He said that the hotel would be Napan's first hotel.
Napan would also develop another Holiday Inn hotel in
Yogyakarta, he said.
The property division of Napan has a number of properties in
Jakarta, including a tourist resort on Pulau Ayer in the Thousand
Islands chain, the Puri Raya apartment block, the Jakarta Golf
Village in Kemayoran and Pasar Pagi Mangga Dua.
Holiday Inn currently manages the Holiday Inn Crown Plaza in
Jakarta, the Holiday Inn Bali and the Holiday Inn Lombok.
The properties in Jakarta and Bali are owned by PT Prabu Budi
Mulia, an affiliate of the Wijaya Wisesa business group, and PT
Puri Bunga, respectively. The Holiday Inn Bali is owned by PT
Lombok Seaside Cottage of the Blue Bird transportation business
group.
Holiday Inn Worldwide's director of project development, Nigel
St. J. Harris, said yesterday that his company would manage four
other hotels in Indonesia, in Jakarta; Bandung, West Java;
Surabaya, East Java and Medan, North Sumatra.
Holiday Inn Worldwide has more than 2,000 hotels in some 60
countries and territories. (icn)