Indonesia-based hospitality management company Archipelago International has signed a letter of intent with NWP Retail to launch 14 hotel projects in mixed-use developments in prime locations across the country.
The hotels will be developed under three of the company’s brands, favehotel, Harper and Aston, and are expected to add over 1,800 rooms to Archipelagos’ portfolio.
John Flood, president and CEO of Archipelago International, said in a statement: “Mixed-use developments like NWP Retail build are really a great idea and offer customers a one stop experience with everything they need when visiting a destination.
“Domestic growth is particularly important to Archipelago International’s expansion strategy due to the country’s strong economic growth and expanding middle class and youthful population. With over 200 million domestic tourists in Indonesia each year, there are tremendous opportunities – not to mention further afield in Asia and beyond.”
Archipelago International expects to open more than 50 new hotels in the next few years and raise its inventory to more than 25,000 rooms.