Another Two JW Marriot Hotels coming to Jakarta
PT Lippo Tbk. (“LPKR”)-an integrated property developer, today announced that it has reached an agreement with Marriott International Inc.. (MAR) to develop two JW Marriott Hotel in Jakarta, The Jakarta JW Marriott Hotel West St. Moritz in Puri Indah, West Jakarta CBD area with a capacity of 208 rooms, and The JW Marriott Hotel Jakarta Kemang Village in South Jakarta with a capacity of 275 rooms.
“We are excited to welcome the presence of the JW Marriott Hotel West Jakarta St. Moritz and The JW Marriott Hotel Jakarta Kemang Village, since both hotels are five-star international hotel and the first one – the only outside the golden triangle area of the CBD, “said Michael Riady, CEO of The Saint. Moritz and Shopping Malls Group.
“We are very pleased MAR choose St. Moritz and Kemang Village to become the exclusive hub for business and tourism. The entry of two Marriott hotels are in accordance with Lippo plans to bring international quality standards in the two mega-project, also in accordance with the mission and our commitment to always provide the best, “said Michael Riady.
Paul Foskey, Executive Vice President for Development, representing the MAR said, “We are very pleased to work with Lippo in these two important development and to present two new JW Marriott hotel in Jakarta. The hotels will be the benchmark of luxury Jakarta and will prove very popular in local communities as well as international tourists. ”
The JW Marriott Hotel West Jakarta St. Moritz and The JW Marriott Hotel Jakarta Kemang Village will further raise the image of Puri Indah and Kemang as a luxurious area in Jakarta, and become equal with other elite area in Jakarta.
“When we do launch of The Saint. Moritz Penthouses & Residences in the year 2008, we made a sale at a price of USD 12 million per square meter. Today, in 2011, we sold at the price of USD 20 million per square meter. When the entire project completed in 2015, apartment prices are expected to reach USD 40 million per square meter. We create value for our buyers and they are currently very satisfied, especially with the presence of JW Marriot Hotel, “said Michael Riady.
“The buyers of the apartments of The Saint. Moritz and Kemang Village is the party most benefit. Purchases of what they do get rewarded in the form of prestige and high return on investment. The St.. Moritz Penthouses & Residences is a luxurious apartment in the area of Puri Indah, as well Kemang Village for the Kemang area. Lippo has always been an extraordinary group of innovators. We always strive to exceed the expectations of our customers, “explained Michael Riady.
The JW Marriott Hotel West Jakarta St. Moritz will serve the airport and the community in North Jakarta, West Jakarta, and Tangerang, while The JW Marriott Hotel Jakarta Kemang Village will serve the area of South Jakarta, especially TB Simatupang office area that is currently growing rapidly and entertainment areas and residential Kemang.
The JW Marriott Hotel West Jakarta St. Moritz is a part of mixed-use development project of The Saint. Moritz Penthouses & Residences, which also includes offices, residential, hospitals, schools, sports clubs, wedding chapel, a heliport and a spa designed by Bill Bensley, the world’s top architects and a designer touch influential through its design.
Hotel rooms The JW Marriott Hotel West Jakarta St. Moritz will occupy the upper floors of one of the tallest tower in Indonesia. The hotel will have several food & beverage outlets and meeting facilities and recreation are plentiful.
The JW Marriott Hotel Jakarta Kemang Village is part of a mixed-use development Kemang Village, which consists of luxury apartment towers, SPH international schools, sports clubs, and retail malls. The hotel will be above the retail mall Kemang Village and will have unobstructed views of the buildings that exist beneath. Existing facilities at the hotel include a variety of food & beverage outlets, a spa, designed by Bill Bensley, a wedding chapel and multipurpose room that has various functions.
Moving on from the vision and commitment to always provide the best, previously LPKR also has the full support of PT MAP (MAP), the largest retailer in Indonesia to develop St. Moritz Shopping Mall, the largest shopping mall in Indonesia is located in Puri Indah, West Jakarta CBD and the Kemang Village Mall, a shopping mall upscale lifestyle in a luxurious environment Kemang in Jakarta.
Debenhams, one of MAP’s international department store will occupy the retail area of 16,000 square meters in St. Moritz Shopping Mall and 13,000 square meters in Kemang Village.
The St. Moritz Penthouses & Residences and Kemang Village are the two mega projects
LPKR developed which is a property company of Indonesia’s largest publicly based on total assets, income, and net income. LPKR has a market capitalization valued at Rp 16.65 trillion, or USD 1.95 billion. (KSP)
