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Rajawali And Starwood To Debut St. Regis Brand In Downtown Jakarta

Stocks in this article: HOT

Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) and Rajawali Group, one of the largest investment companies in Indonesia, today announce the groundbreaking of The St. Regis Jakarta in Indonesia’s dynamic capital. Set to open in 2016, the all-suite hotel brings the St. Regis brand’s enduring legacy of uncompromising luxury and sophisticated service to Jakarta, elevating the city’s ultra-luxury hospitality offerings in a mixed-use development.

Located in Jakarta's central business district along Jalan Gatot Subroto, near Jakarta's  Sudirman Central Business District and the Mega Kuningan area, the integrated 141,000 square meter development encompasses a 124 room hotel, a premium 47-story office tower, and a special food and beverage and retail component. Designed by Pelli Clarke Pelli Architects, who also designed The St. Regis Mexico City, the development joins the architecture firm’s distinguished portfolio, which includes some of the tallest buildings and major urban landmarks around the world. The development will also feature the work of the renowned New York interior designer Alexandra Champalimaud and tropical urban landscape designer Bill Bensley, named by TIME Magazine as one of the top five hospitality designers worldwide.

“As a capital city of one of the world’s most populous countries, urbanization and infrastructure development will continue to play a vital role in furthering growth in Indonesia,” said Darjoto Setyawan, Managing Director, Communications of Rajawali Corpora. “Through this iconic landmark and a global legacy of Starwood and St. Regis, we hope to provide international visitors as well as local connoisseurs with uncompromising services, and ultimately further enhance Jakarta’s reputation as Asia’s strategic business and financial hub.”

This announcement accompanies a 20-year strategic partnership that Rajawali has forged with Starwood Hotels & Resorts Worldwide, following the recent success of The St. Regis Bali Resort, which has been named among the world's best hotels by International Hotel Awards and named Asia's Leading Luxury Resort by World Travel Awards 2011.

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