Omni to run star-rated Marco Polo

Omni to run star-rated Marco Polo

JAKARTA (JP): Omni Hotels Asia-Pacific of Hong Kong signed an
agreement here yesterday with PT Danayasa Arthatama and PT Aneka
Bumi Prasidha on the management of a luxury hotel to be built at
the Sudirman Central Business District in South Jakarta.

The agreement was signed by Omni's president Michael C. Kalyk,
Danayasa's president Nasroel Chas and Aneka's president Mansjur
Tandiono, with Minister of Tourism, Post and Telecommunications
Joop Ave witnessing.

Danayasa, a subsidiary of the publicly-listed PT Jakarta
International Hotel Development, is a company developing the
business compound, while Aneka is an affiliate of the Prasidha
Group which runs various businesses, including those in the
fishery, property and agribusiness sectors.

The planned 400-room property, which will be called Marco
Polo, will be built with an investment of US$100 million. It will
be 75 percent owned by Danayasa, 15 percent by Aneka and 10
percent by Omni and will be classified into either four or five
stars.

"Jakarta is one of Asia's fastest developing business cities.
The strategic location of the Marco Polo hotel, being next to the
Jakarta Stock Exchange and major banks and commercial towers,
presents us with a niche market opportunity to serve our
international business travelers to the city," Kalyk said.

A number of buildings are under construction at the business
complex, the first super block to be developed in the city, which
will include apartments, a hospital, office towers and hotels.
Another hotel to be built at the complex will be managed by
Conrad of the United States.

The construction of the 27-story Marco Polo hotel will start
early next year, while its operation is scheduled for the middle
of 1998.

Omni Hotels Asia-Pacific has over 47 first-class hotels with
18,283 rooms in Asia, the United States and Mexico. It is a
wholly owned subsidiary of the Wharf (Holdings) Ltd., a
diversified publicly-listed Hong Kong company with interests in
properties, terminals, transportation and communications.

Omni Hotels Asia-Pacific, planning to open its first four-star
hotel in West Jakarta in September, targets to run other hotels
in Surabaya, East Java, and Medan, North Sumatra, in the next few
years. The company has a portfolio of five existing properties in
Asia, including those in Hong Kong, Singapore and Vietnam. (icn)