Hyatt Hotels Corporation?(NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with PT Eka Ilalang Suryadinamika for a?Hyatt Regency?hotel in?Sentul City,?Indonesia.?Hyatt Regency Sentul City?will be the sixth Hyatt-branded hotel in?Indonesia.
?We are delighted to enhance our brand presence in?Indonesia, and Sentul City?s growth over the past few years has been impressive,? said?Ratnesh Verma, senior vice president, real estate and development,?Asia Pacific?for?Hyatt Hotels?& Resorts. ?The first Hyatt hotel opened in the Indonesian market more than 30 years ago, and we are very excited to further build on Hyatt?s strong brand equity and excellent portfolio of hotels in the country.?
Hyatt Regency Sentul City?will be located less than 25 miles south of?Jakarta?on the outskirts of the satellite city of?Bogor?and will feature an outdoor pool, a spa and a host of meeting space. The 225-room hotel will be part of a mixed-use complex, which will be comprised of a 240,000 square foot (22,400 square meter) retail mall and 212,000 square feet (19,700 square meters) of office space.
?Given the strong Hyatt brand name and the hotel?s ideal location, we believe that the new?Hyatt Regency Sentul City?will attract business and leisure travelers from across the region. We are thrilled to broaden our relationship with Hyatt, and feel confident that the new project will create mutually beneficial results,? said?Reina Kumala Kwee, President Director of PT Eka Ilalang Suryadinamika.
Expected to open in 2017,?Hyatt Regency Sentul City?will join five existing Hyatt-branded hotels in?Indonesia, including Grand Hyatt Bali, Grand Hyatt Jakarta,?Hyatt Regency Bandung,?Hyatt Regency Yogyakarta, and?Hyatt Regency Bali, which is currently under renovation and will be rebranded from?Bali Hyatt.