Profil Perusahaan

Hotel Sahid Jaya International Tbk.

Code : SHID
Name : Hotel Sahid Jaya International Tbk.
Type : Emiten

Address

Businnes
: Hotel Business Center
Sector Code : E. Consumer Cyclicals
Sector Name : E5
Industry : E51
Sub Industry : E512

Company Status
: PMDN

Foundation Status
: 1969-05-23

Brief of Company Background

The company owns and manages a 439 room hotel on a 3.3 Ha site in Jalan Sudirman, Jakarta. The company expanded its operation by constructing the Sahid Jaya Tower, an additional hotel of 312 rooms adjacent to the existing property. The US$ 40 million loan granted by 14 Singapore based financial institution to the hotel was used towards the construction of Menara Sahid a 38 story building project. From 50% in 1998, room occupancy declined to only approximately 20% in 1998. The lowest occupancy was in June 1998, in the aftermath of the May riots.



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