Kempinski to operate hotel here

Kempinski to operate hotel here

JAKARTA (JP): Kempinski, a Germany-based international hotel
management firm, will operate a star-rated hotel in the prime
business area of Jl. Sudirman, Central Jakarta, an executive
said.

An advisor from Dusit Thani of Thailand, Louis C. Louvet, told
The Jakarta Post yesterday that the planned hotel, to be
constructed soon, will be located next to the MidPlaza office
building on Jl. Sudirman.

"I don't know many details about the planned Kempinski hotel
in Jakarta, but Kempinski AG, based in Frankfurt, is now partly
owned by Dusit Thani," he said, adding that MidPlaza is currently
preparing its second property construction comprising of
apartments, five-star hotels and office buildings.

He said Dusit Sindhorn Co., Ltd., a joint venture between the
publicly-listed Dusit Thani Ltd. and Siam Sindhorn Co., Ltd.
acquired Kempinski about two weeks ago.

Through its German subsidiary Dusit Beteiligungs, Dusit
Sindhorn acquired 83.27 percent of the issued shares of Kempinski
from Advanta Management AG, Rolaco Holding S.A. and Gouden Akker
Properties N.V., he said.

Dusit's executive director, Chanin Donavanik, told the Post
earlier that his company, whose brand name is Dusit Hotels and
Resorts, runs 50 hotels worldwide.

He said the Kempinski operation will complement Dusit Thani's
existing hotel portfolio of luxury hotels. Kempinski operates 17
hotels worldwide.

Dusit entered Indonesia by operating a four-star hotel in
Balikpapan, East Kalimantan, which was opened on Tuesday. Another
Dusit hotel in Jakarta will open next year. (icn)