Pontjo Sutowo Requests Negotiation Before Execution of Sultan Hotel

Jakarta - PT Indobuildco, a company owned by Pontjo Sutowo, has requested negotiation before the execution of the Sultan Hotel takes place. PT Indobuildco is the company that has been managing the Sultan Hotel located in the Gelora Bung Karno (GBK) area, Central Jakarta. The legal representative of PT Indobuildco, Hamdan Zoelva, stated that in the civil ruling Number 208 of 2025, the panel of judges did order the evacuation of the Sultan Hotel area. However, according to him, the judges also emphasised the importance of a fair resolution through negotiation and reconciliation. “The PK ruling affirms that because Indobuildco’s rights as an investor pre-existed along with the investments that have been made, the parties should make efforts to resolve it through negotiation to achieve a fair outcome for both sides,” said Hamdan to Kompas.com, quoted on Friday (08/05/2026). Hamdan also emphasised that his side will still pursue legal remedies regarding the Sultan Hotel area dispute. According to the former Chief Justice of the Constitutional Court (MK), the legal process for the case is not yet complete even though an execution order for the evacuation of the Sultan Hotel area has been issued by the Central Jakarta District Court. PT Indobuildco is also still filing appeals and cassation. Hamdan said that the object of the dispute in the case is the land of the Sultan Hotel area, not the building and hotel business. According to him, the Sultan Hotel building is not a build, operate, transfer (BOT) scheme, so it cannot be directly executed or taken over. If the building is to be taken over or executed, there must be legal mechanisms and compensation payments. “The Sultan Hotel building is not BOT. The building and hotel business are the rights of PT Indobuildco. Therefore, the Sultan Hotel building cannot be executed just like that. If the building is to be taken or executed, there must be legal mechanisms and compensation payments,” said Hamdan. The guarantee money, according to him, is to anticipate any losses that may arise in the future. Meanwhile, the amount of guarantee money requested by PT Indobuildco is equivalent to the price of the entire Sultan Hotel property. “Just value the hotel building at how much, equivalent to the value of the hotel building,” said Hamdan when met at the Central Jakarta District Court on Monday (09/02/2026). Previously, he told Kompas.com that the guarantee money or compensation deemed equivalent by them to the release of ownership of the Sultan Hotel to the government is worth Rp 28.292 trillion.