INTERCONTINENTAL Hotels Group (IHG) and Indonesian property developer Duta Anggada Realty have signed an agreement to develop Holiday Inn & Suites Jakarta Gajah Mada, scheduled for opening in 2015.
Located in Jalan Gajah Mada in north Jakarta, the 447-room property is a mixed-use development that will not only feature hotel rooms, but also serviced apartments for guests who want to book extended stays at the hotel.
The property opposite the LTC Glodok Mall is a short drive from Jakarta’s central business district and easily accessible from Jakarta International Airport.
Based in Jakarta, Duta Anggada Realty is under Duta Anggada Group, a group of companies with more than 40 years of experience in the residential, office and retail sector.
IHG COO for South-east Asia and resorts, Clarence Tan, said: “Indonesia has seen very strong economic progress and industry trends have really fuelled the demand for our Holiday Inn brand.
“The property will be our first in Indonesia to answer the increasing demand for travel in Jakarta, especially (from) those who now need to stay for longer each time they visit.”
Currently in South-east Asia, Indonesia is where IHG has the largest development pipeline, with over 20 hotels slated to open in the next few years, including six Holiday Inn and more than 10 Holiday Inn Express hotels to cater to the country’s growing midscale market.
