Bakrieland Acquires Aston Sidoarjo City Hotel & Conference Center | KF Map – Digital Map for Property and Infrastructure in Indonesia
Bakrieland Acquires Aston Sidoarjo City Hotel & Conference Center
星期一, 23 十二月 2024

PT Bakrieland Development Tbk (Bakrieland) through PT Mutiara Masyhur Sejahtera (MMS) has acquired PT Graha Istana Nirwana (GIN), the owner of Aston Sidoarjo City Hotel & Conference Center (Aston Sidoarjo), through a debt-to-equity conversion. The amount of debt converted reaches Rp93.6 billion. With this conversion, Bakrieland, through MMS, owns 100% of GIN's shares. With this acquisition, Bakrieland portfolio owns six hotels.

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