Video: Delaying New Hotel Construction, This is POLI's Strategy Amid High Interest Rates

The Indonesian property and residential developer, which includes hotels and apartments, namely Pollux Hotels Group, has decided to delay the construction of new hotels scheduled for 2026 amidst the era of high interest rates.

The President Director of PT Pollux Hotels Group Tbk, Handojo Koentoro Setyadi, stated that this business move is part of POLI’s strategy for corporate consolidation to face uncertainty, aiming to strengthen the capital structure and maintain balance sheet quality during this period of high interest rates.

POLI is currently optimising existing assets through operational efficiencies, which are expected to boost productivity. The company is also focusing on its ‘4R’ programme, consisting of renovation, repositioning, rebranding, and revaluation, to ensure that assets can provide maximum added value.

In the long term, POLI maintains its target for expansion through development, while remaining mindful of market conditions and seeking effective funding sources.