Jakarta, December 18, 2024 PT MNC Land Tbk (IDX: KPIG) (MNC Land) announced today that its subsidiary, PT MNC Lido Hotel, has signed a management agreement with Hyatt Hotels Corporation to operate a Hyatt Regency hotel within the Special Economic Zone (SEZ) MNC Lido City in Bogor, West Java. Part of Indonesia's largest lifestyle development surrounded by national parklands and mountains, Hyatt Regency Lido Resort will be developed in two phases, including the renovation of the existing Lido Lake Resort. Upon completion, Hyatt Regency Lido Resort will deliver elevated hospitality within SEZ MNC Lido City in Bogor, West Java.

 

Slated for the second quarter of 2025, the first phase will unveil a newly constructed 124-room building that was formerly referred to as Lido Skyview Resort. Upscale amenities include an all-day dining restaurant with an open kitchen, a rooftop restaurant and bar with panoramic views of Lido Lake and the West Java mountains, a grand ballroom accommodating up to 1,000 guests, eight meeting rooms, an outdoor swimming pool, a gym, a spa, a kids' club, and a Hyatt Regency Lounge.