JAKARTA (Yosefardi) – Carlson Rezidor Hotel Group and Panorama Group plans to invest US$250 million on 20 new hotels project in Indonesia, Investor Daily reported this morning.
Both parties have established joint venture (JV) company named PT Carlson Panorama Hospitality, engaged in managing hotel business, acting as operator.
Carlson Hotel has 3 hotel brands; 5-star Radisson Blu, 4-star Radisson, and 3-star Park Inn by Radisson. Carlson Panorama Hospitality will manage 4-star and 3-star hotels in Indonesia.
Indonesia with 230 million population needs 100,000 hotel rooms in next 8-10 years. Foreign visitors grew 9.4% to 8.8 million in 2013.