Indonesian Political, Business & Finance News

Sheraton hotel opens in Surabaya

Sheraton hotel opens in Surabaya

JAKARTA (JP): One more international hotel chain has begun
operation in Surabaya, East Java, as the city shows significant
growth in the economy, including the tourism industry.

The most recent international hotel management firm to open in
Surabaya is the American ITT Sheraton with its 24-story hotel,
called Sheraton Surabaya Hotel and Towers.

The new hotel was officially opened by Minister of Tourism,
Post and Telecommunications Joop Ave on Friday evening.

"The development of international-class hotels in Surabaya
correlates with the rapid growth of the city, especially in its
trade and tourism sectors," Joop said.

The minister also said international hotels in Surabaya will
be the pride of the city's residents as "the facilities can
accommodate more tourists and international events and
conferences".

The new hotel is prepared for several major activities of the
ASEAN Tourism Forum, which was officially opened yesterday. The
annual tourism event of the Association of Southeast Asian
Nations (ASEAN) will end on Friday.

Besides the new Sheraton, Surabaya already has at least six
international hotel chains in operation, namely Radisson
Mandarin, Novotel, Shangri-La, Hyatt, Westin and Hilton. Official
data show that there are currently 3,638 hotel-rooms available in
the city.

A number of other international chains, including the United
States-based Clarion and Australia's Southern Pacific, have
expressed an interest to run hotels in the city.

Owner

Sheraton Surabaya is owned by PT Pakuwon Jati, a publicly-
listed property development company. Pakuwon, the operator of the
popular retail center Tunjungan Plaza in the East Java capital,
invested at least US$85.6 million in the new hotel.

The 316-room hotel, equipped with 54 apartments, is located on
Jl. Embong Malang in the center of Surabaya.

In addition to the new hotel in Surabaya, Sheraton is
currently managing seven properties in the country, located in
Lampung, Bandung in West Java, Nusa Dua in Bali, Lombok in West
Nusa Tenggara and Timika in Irian Jaya.

The Boston-based Sheraton also plans to manage at least eight
new hotels in Jakarta, Surakarta in Central Java, Medan in North
Sumatra, Manado in North Sulawesi and Bogor in West Java. (icn)

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