Jakarta, CNBC Indonesia – The impact of the pandemic is still being felt today, especially in the hospitality sector. Now the phenomenon appears that many hotels have been bloody annexed by big companies, including hotels in DKI Jakarta.
This was acknowledged by the Head of the DKI Jakarta PHRI BPD, Sutrisno Iwantono. He said that currently large business actors have cash, and have a great opportunity to buy cheap assets, including hotels.
“That’s important cash is kinghold money cash,” he said to CNBC Indonesia.
Separately, Senior Vice President, Investment Sales Asia, JLL Hotels & Hospitality Group Julien Naouri was outspoken, the phenomenon of hotels being on sale being chased by new investors is indeed happening in Indonesia, the hotel acquisition process is rife.
“The desire to acquire hotels and resorts in Indonesia is currently growing, with increasing interest from domestic and international investors due to the improving tourism industry and favorable economic conditions,” he explained in an official statement.
Apart from hotels, the same phenomenon also occurs in the shopping center or mall sector. PT Pakuwon Jati Tbk (PWON) has acquired two shopping centers in Yogyakarta and Solo as well as a Marriott hotel in Yogyakarta belonging to the Duniatex Group.
This acquisition process is the first time this process has been carried out outside Jakarta and Surabaya, where this acquisition process is in line with Pakuwon’s strategy to increase net leasable areas (NLA) such as malls and hotels.
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