Sahid sets up hotel management subsidiary

JAKARTA (JP): The Sahid Group has established a hotel management and consulting subsidiary that will offer services both domestically and overseas.

The group's chairman, Sukamdani Sahid Gitosardjono, yesterday installed the executives of the new company, called PT Sahid International Hotel Management & Consultant.

With family ties clearly uppermost in his mind, Sukamdani, a former chairman of the Indonesian Chamber of Commerce (Kadin), named himself president of the new subsidiary, his wife Juliah Sukamdani the chief commissioner and his sons and daughters directors.

The new firm was established on May 27 with an authorized capital of Rp 500 billion (US$229.88 million), including paid-up capital of Rp 100 billion.

"The business core of the new company will manage the group's 12 hotels as well as sell management franchises to hoteliers in the country and overseas," Sukamdani said.

"We plan to offer management franchises, private replacement and technical assistance to hoteliers overseas," he said.

Tony E. Bruggemans, Sahid Group's managing director, announced that the company has received applications from hoteliers in Bangladesh, Singapore and Malaysia to manage their hotels.

In addition, the new company is now negotiating the possible purchase of foreign hotels in the United States, Europe and Australia, which also offer joint venture possibilities.

Bruggemans said that the time is ripe now for the company to expand overseas as the economies of developed countries expand.

Sukamdani said the new company will help the Sahid Group's plan to set up four new hotels by 1998.

The four hotels, located in Surakarta of Central Java, Ujungpandang of South Sulawesi, Lombok of West Nusa Tenggara and Jakarta, will have a combined capacity of 2,957 rooms.

The group's existing 12 hotels have 2,346 rooms. (fhp)