“Our extremely successful partnership with Rajawali made The St. Regis Bali Resort one of the world’s best resorts, and we are delighted to have the opportunity to replicate the same success in the capital city of Jakarta,” said Stephen Ho, President, Asia Pacific, Starwood Hotels & Resorts. “We look forward to bringing the timeless elegance, rich heritage and refined sophistication of the St. Regis brand to the heart of Jakarta.”Adding to the hotel’s highly anticipated debut, the commercial office tower is poised to become the premium address for multi-national corporations, local conglomerates, and financial institutions, filling the void in international standard and grade-A commercial facilities. Upon completion, the office tower will be acquired by Singapore-based GIC as part of its real estate portfolio. “Jakarta requires foreign capital inflow to become a truly international city, and by bringing together the world’s best architects, designers and strategic capital partners, this project allows us to deliver a world class development in Indonesia,” said Shirley Tan, Acting CEO of Rajawali Property Group. About Rajawali Group The Rajawali Group is one of Indonesia’s largest investors. Driven by the philosophy of value creation, the Group has successfully engaged across a wide range of industries, including hotel & property, agriculture, mining, infrastructure, transportation, and media. Over the last three decades, the Group has built a solid reputation for strategic investments, including Indonesia’s first privately-owned television network Rajawali Citra Televisi Indonesia (RCTI), the nation's first private mobile services operator PT XL Excelcomindo Pratama, and growing PT Express Transindo Utama into the country's second largest taxi operator by fleet size with a business model recognized by the United Nations Development Program (UNDP) as an effective poverty reduction program for emerging economies. The group's track record in value creation includes the turnaround of PT Perusahaan Rokok Tjap Bentoel and partnering the Government of Indonesia to significantly increase the shareholder value of the country's largest cement maker PT (Persero) Semen Gresik Tbk. As part of the Group’s vision of a sustainable future for Indonesia and Asia, it established the Rajawali Foundation Institute for Asia and initiated the Harvard Kennedy School Indonesia Program to enhance research and education in public policy and governance issues.
About Starwood Hotels & Resorts WorldwideStarwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 1,169 properties in nearly 100 countries and 171,000 employees at its owned and managed properties. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four Points® by Sheraton, Aloft®, and Element®. The Company boasts one of the industry’s leading loyalty programs, Starwood Preferred Guest (R) (SPG), allowing members to earn and redeem points for room stays, room upgrades and flights, with no blackout dates. Starwood also owns Starwood Vacation Ownership, Inc., a premier provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands. For more information, please visit www.starwoodhotels.com. About St. Regis Hotels & Resorts Combining classic sophistication with a modern sensibility, the St. Regis brand is committed to delivering exceptional experiences at 31 luxury hotels and resorts in the best addresses around the world. Since the opening of the first St. Regis Hotel in New York City over a century ago by John Jacob Astor IV, the brand has remained committed to an uncompromising level of bespoke and anticipatory service for all of its guests delivered flawlessly by signature St. Regis Butler Service. From Bal Harbour to Bangkok, Saadiyat Island to Shenzhen, the St. Regis brand caters to a new generation of luxury travelers and continues to thoughtfully build its portfolio in the most sought after destinations at the heart of today’s grand tour. Plans for the brand to expand its legacy include much-anticipated St. Regis Hotels & Resorts in the Riviera Maya and in Asia, where St. Regis has announced plans to open hotels in Changsha, Chengdu, Jakarta, Kuala Lumpur, Lijiang, Nanjing, New Delhi, Qingshui Bay and Zhuhai. In the Middle East, St. Regis Hotels and Resorts will continue to expand in Amman, Cairo, Istanbul and Dubai. For more information on St. Regis Hotels & Resorts please visit stregis.com, to explore our recent debuts visit stregis.com/newgrandtour and for the privilege of residential ownership please visit stregis.com/residences. Connect with St. Regis on instagram.com/stregishotels, facebook.com/stregis pinterest.com/stregishotels, and youtube.com/stregishotels.