Bali, June 11, 2021

Entering a new stage of the process of establishing a BUMN Holding Hotel, recently on June 11, 2021, the signing of the Conditional Sales Purchase Agreement (CSPA) for the BUMN Hotel Holding Transactions and the Sales Purchase Agreement (SPA) for the sale and purchase of shares of the Hotel Indonesia Group ( HIG) at Hotel Merusaka, Nusa Dua, Bali. The BUMN Hotel Holding transaction is a joint process of 11 hotels belonging to PT Hotel Indonesia Natour, 9 hotels belonging to PT Pegadaian (Persero) and 1 hotel belonging to PT Aerowisata, to PT WIKA Realty. Another transaction is the purchase of PT Patra Jasa’s shares in the Hotel Indonesia Group (HIG) by PT WIKA Realty.

The signing ceremony was witnessed by Kartika Wirjoatmodjo – Deputy Minister II of State-Owned Enterprises (BUMN). And as a representative of the related parties, the signing was carried out by Litta Ariesca as Acting. President Director of PT Patra Jasa and Koko Cahyo Kuncoro as President Director of PT WIKA Realty. Also watching, representatives of the Parent Company PT Pertamina (Persero), Edy Karyanto – SVP Upstream & Portfolio Co. Business Development &. Portfolio of PT Pertamina (Persero). Therefore. HIG’s latest shareholder composition is, 51% owned by PT Hotel Indonesia Natour (HIN) and 49% owned by PT WIKA Realty.

In the future, it is hoped that BUMN through the Hotel Indonesia Group will become the third largest hotel operator in Indonesia by managing more than 100 hotel units owned by BUMN.