MARRIOTT INTERNATIONAL SIGNS AGREEMENT WITH PT. PAKUWON JATI TBK. TO BUILD THREE PROPERTIES IN INDONESIA'S NEW CAPITAL CITY
The signing marks Pakuwon Jati and Marriott International’s expected entry in Ibu Kota Nusantara |
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MARRIOTT INTERNATIONAL SIGNS AGREEMENT WITH PT. PAKUWON JATI TBK. TO BUILD THREE PROPERTIES IN INDONESIA'S NEW CAPITAL CITY
The signing marks Pakuwon Jati and Marriott International’s expected entry in Ibu Kota Nusantara |
Category: Asia Pacific - Indonesia - Industry economy
- Hotel projects
This is a press release selected by our editorial committee and published online for free on 2023-09-15
Marriott International, Inc. announced it has signed a Hotel Management Agreement with Indonesian real estate developer, PT. Pakuwon Jati Tbk. to open three properties in Indonesia’s new capital city, Ibu Kota Negara Nusantara.
The multi-deal agreement was signed by President and CEO of Marriott International Anthony Capuano and President Commissioner of PT. Pakuwon Jati Tbk. Alexander Tedja.
“We are thrilled to be working with PT. Pakuwon Jati Tbk. on this landmark agreement,” said Ramesh Jackson, Area Vice President, Indonesia and Malaysia, Marriott International.
“This milestone signing underscores our commitment to strategically expand our footprint in Indonesia, and we are pleased to also support the local government’s efforts to accelerate the country's economic transformation especially with the designation of Indonesia’s new capital city in Nusantara.”
Meaning “archipelago” in ancient Javanese, Nusantara is a symbol of national identity and planned as a smart forest city, in line with Indonesia’s commitment to achieve zero carbon emissions and 100% new and renewable energy by 2060.
With the agreement, Marriott expects to debut three brands – Four Points by Sheraton, Westin Hotels & Resorts and Tribute Portfolio – in the highly anticipated destination, featuring transformational experiences and destination-rooted authenticity.
“We are excited to partner with Marriott International for this historic project,” said Alexander Tedja, President Commissioner of PT. Pakuwon Jati Tbk.
“We are certain that through this project, we will inspire travelers to embark on new journeys to Indonesia’s new capital city.”
Four Points by Sheraton in Nusantara
Slated to be the first of these three openings, the property is expected to boast 300 rooms with facilities that ranges from an outdoor pool, function spaces with natural daylight and a gym with state-of-the-art equipment. Designed for the smart independent traveler, Four Points offers a casual and relaxed ambiance where classic and industrial elements meet modern design, creating spaces that are sophisticated and carefree in character.
The Westin in Nusantara
The Westin in Nusantara is anticipated to have 200 rooms and suites featuring the brand’s iconic Heavenly Bed. Plans also call for three restaurants, three bars & lounges, function spaces, meeting rooms, swimming pool, WestinWORKOUT Fitness Studio, Heavenly Spa by Westin, and The Westin Kids Club. Guided by Westin’s six pillars of well-being, the brand continues to evolve and deliver its signature wellness programs to adapt to the needs of the modern traveler and deliver industry-leading experiences designed to empower guests to be the best version of themselves.
Tribute Portfolio in Nusantara
Plans for the hotel include 150 rooms and suites, including a signature destination dining venue, a café, pool bar and lobby lounge. The property amenities expect to feature an outdoor swimming pool, gym and spa. Tribute Portfolio is a growing global family of independent hotels drawn together by their individuality, passion for captivating design, and their drive to create distinct, vibrant social settings for guests and locals alike.
About Marriott International
Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,600 properties under 31 leading brands spanning 139 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy, its highly awarded travel program.
About Pakuwon Jati
Pakuwon Jati Tbk (PWON: IDX) is an established real estate developer with over 40 years of experience successfully developing marketing and operating properties in Indonesia. Established in 1982 and listed on the Jakarta Stock exchange since 1989, Pakuwon Jati is a diversified real estate developer focused in Surabaya, Jakarta, Bekasi, Yogyakarta, Solo, Bali & Batam. The Company's portfolio of prime properties includes retail, residential, commercial and hospitality developments. The Company is vertically integrated across the full real estate value chain from land acquisition, property development, marketing, and operational management. Pakuwon Jati is the pioneer of the Superblock concept in Indonesia, a large-scale integrated mixed-use development of retail shopping mall, office, condominium, and hotel. Its successful track record and reputation within the property industry has secured strong long-term relationship with tenants and buyers, which provides a stable platform for rapid business expansion.
About Four Points by Sheraton
Four Points by Sheraton is a global brand with over 300 hotels in 43 countries and territories. At Four Points, travel is reinvented where timeless classics are woven with modern details, paired with genuine service in a casual environment—all around the world. Four Points hotels can be found in the heart of urban centers, near the beach, by the airport, or in the suburbs. Each hotel offers a familiar place to kick back and relax with an authentic sense of the local, where guests can watch sports and enjoy the brand’s Best Brews program. Four Points is proud to participate in Marriott Bonvoy, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition.
About Westin Hotels & Resorts
Westin Hotels & Resorts, hospitality’s global leader in well-being for more than a decade, empowers guests to transcend the rigors of travel while on the road through the brand’s Six Pillars of well-being: Sleep Well, Eat Well, Move Well, Feel Well, Work Well, and Play Well. At more than 235 hotels and resorts in over 40 countries and territories, guests can benefit from distinct wellness experiences including the brand’s iconic and award-winning Heavenly Bed, signature WestinWORKOUT offerings such as its Fitness Studios with TRX fitness equipment, and its versatile Gear Lending program featuring the latest in recovery and strength training from Hyperice and Bala, delicious and nutritious menu offerings on their Eat Well menu, and more. Westin is proud to participate in Marriott Bonvoy, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition.
About Tribute Portfolio
Tribute Portfolio is a growing global family of characterful, independent hotels drawn together by their passion for captivating design and their drive to create vibrant social scenes for guests and locals alike. With nearly 100 hotels in nearly 30 countries and territories around the world, Tribute Portfolio has struck a chord with those who seek out independent experiences and crave a connection with the community when traveling. From boutique resorts like Ermita in Cartagena and urban hotels such as The Vagabond Club in Singapore; to hotels in indie-spirited locales like Bellyard in Atlanta and Hotel Riomar in Ibiza, each Tribute Portfolio hotel celebrates its individuality, offering travelers a fresh, often colorful, perspective.Tribute Portfolio is proud to participate in Marriott Bonvoy, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition.
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