PT Aviasi Pariwisata Indonesia (Persero), widely known as InJourney, has accelerated the consolidation of hotel assets owned by Indonesia's state-owned enterprises (BUMN) under its hospitality subsidiary, PT Hotel Indonesia Natour (InJourney Hospitality). According to a press release issued by InJourney Aviation Services (IAS), the initiative forms part of the shareholders' mandate to establish a more integrated national hospitality sector capable of enhancing the value of state-owned assets while strengthening Indonesia's position in the global tourism industry.
The consolidation represents one of the company's largest strategic initiatives within Indonesia's tourism ecosystem, combining multiple hotel assets under centralized management. The transformation is designed to create a stronger hospitality portfolio that supports operational efficiency, portfolio optimization, and sustainable value creation across state-owned hotel businesses.
The latest milestone was marked through a series of Conditional Sale and Purchase Agreement (CSPA) signings conducted on June 11 and June 26, 2026. Together, these agreements establish the initial framework for restructuring ownership and management of hotel assets into a unified hospitality platform under InJourney Hospitality.
As Indonesia's state-owned aviation and tourism holding company, InJourney is responsible for orchestrating transformation across the country's tourism ecosystem. Within this strategy, InJourney Hospitality serves as the operating entity responsible for managing the consolidated hotel portfolio while delivering hospitality experiences built around Indonesian culture and national identity.
According to InJourney President Director Maya Watono, the consolidation extends beyond combining hotel assets into a single management structure. She described the initiative as a transformational effort intended to strengthen the competitiveness of Indonesia's hospitality industry while developing a more structured hotel portfolio that highlights Indonesian heritage as a differentiating element. The approach is also intended to support sustainable value creation through long-term portfolio management.
The consolidation addresses several structural issues that have affected state-owned hotel operations, including fragmented branding, varying service standards, and opportunities to improve operational performance. Through integrated management, InJourney expects each hotel asset to maximize its operational potential while creating synergies that contribute additional value across the broader tourism ecosystem.
The first phase of the consolidation process began on June 11, 2026. During this stage, InJourney Group transferred several hotel business units to InJourney Hospitality through the signing of the Conditional Sale and Purchase Agreement. The transferred assets include The Manohara Hotel, Pullman Mandalika, and five airport hotels managed by IAS Group.
The same phase also included the signing of the Conditional Share Purchase Agreement involving PT Hotel Indonesia Properti (HIPRO). The agreement forms part of the restructuring process aimed at organizing hotel ownership within the broader InJourney Group portfolio.
The second phase followed on June 26, 2026, expanding the consolidation effort through agreements with nine state-owned enterprises representing multiple sectors of Indonesia's economy. Participating companies include PT Adhi Karya (Persero) Tbk Group, PT ASDP Indonesia Ferry (Persero) Group, PT Garuda Indonesia (Persero) Tbk Group, PT Hutama Karya (Persero) Group, PT Krakatau Steel (Persero) Tbk Group, PT Nindya Karya, PT Pembangunan Perumahan (Persero) Tbk Group, PT Waskita Karya (Persero) Tbk Group, and PT Wijaya Karya (Persero) Tbk Group.
The agreements cover multiple corporate actions associated with the hotel consolidation process, including asset transfers, business separations, and share acquisitions involving hotel business units owned by participating state-owned enterprises. These transactions are intended to streamline ownership structures while placing hotel operations under the management of InJourney Hospitality.
The consolidation forms part of InJourney's broader strategy to build a hospitality platform capable of managing state-owned hotel assets under consistent operational standards. By integrating ownership and management, the company aims to establish a more professional operating structure while improving portfolio performance across different hotel properties.
InJourney believes the ongoing transformation provides the foundation for globally competitive hotel management supported by stronger operational integration. The company also expects the initiative to strengthen the contribution of Indonesia's hospitality sector to national tourism development while supporting broader economic growth.
The implementation of the consolidation involves coordination across multiple government and corporate stakeholders. According to the company, the process has received support from the State-Owned Enterprises Regulatory Agency, Danantara Asset Management, state-owned enterprises and their subsidiaries that own hotel assets, as well as other parties participating in the restructuring process.
Maya Watono said that collaboration among stakeholders is an essential element in executing a transformation of this scale. She noted that cooperation across participating organizations provides the basis for consolidating state-owned hotel assets while strengthening Indonesia's tourism ecosystem and creating sustainable economic value.
The consolidation also reflects InJourney's role in integrating aviation and tourism assets under a unified national strategy. Through its hospitality subsidiary, the company seeks to create stronger connections between accommodation services and Indonesia's broader tourism infrastructure while improving coordination across state-owned tourism assets.
Beyond operational restructuring, the initiative is intended to establish a more integrated hospitality ecosystem capable of supporting Indonesia's long-term tourism objectives. The centralized management model allows hotel assets originating from different state-owned enterprises to operate within a coordinated portfolio while maintaining service quality aligned with global hospitality standards and Indonesian cultural identity.
InJourney stated that the consolidation reinforces its commitment to building an integrated aviation and tourism ecosystem that supports Indonesia's ambition to become a leading global tourism destination. Through the continued integration of hotel assets under InJourney Hospitality, the company aims to strengthen competitiveness, improve operational effectiveness, and increase the long-term value generated by state-owned hospitality assets.
The consolidation represents one of the company's largest strategic initiatives within Indonesia's tourism ecosystem, combining multiple hotel assets under centralized management. The transformation is designed to create a stronger hospitality portfolio that supports operational efficiency, portfolio optimization, and sustainable value creation across state-owned hotel businesses.
The latest milestone was marked through a series of Conditional Sale and Purchase Agreement (CSPA) signings conducted on June 11 and June 26, 2026. Together, these agreements establish the initial framework for restructuring ownership and management of hotel assets into a unified hospitality platform under InJourney Hospitality.
As Indonesia's state-owned aviation and tourism holding company, InJourney is responsible for orchestrating transformation across the country's tourism ecosystem. Within this strategy, InJourney Hospitality serves as the operating entity responsible for managing the consolidated hotel portfolio while delivering hospitality experiences built around Indonesian culture and national identity.
According to InJourney President Director Maya Watono, the consolidation extends beyond combining hotel assets into a single management structure. She described the initiative as a transformational effort intended to strengthen the competitiveness of Indonesia's hospitality industry while developing a more structured hotel portfolio that highlights Indonesian heritage as a differentiating element. The approach is also intended to support sustainable value creation through long-term portfolio management.
The consolidation addresses several structural issues that have affected state-owned hotel operations, including fragmented branding, varying service standards, and opportunities to improve operational performance. Through integrated management, InJourney expects each hotel asset to maximize its operational potential while creating synergies that contribute additional value across the broader tourism ecosystem.
The first phase of the consolidation process began on June 11, 2026. During this stage, InJourney Group transferred several hotel business units to InJourney Hospitality through the signing of the Conditional Sale and Purchase Agreement. The transferred assets include The Manohara Hotel, Pullman Mandalika, and five airport hotels managed by IAS Group.
The same phase also included the signing of the Conditional Share Purchase Agreement involving PT Hotel Indonesia Properti (HIPRO). The agreement forms part of the restructuring process aimed at organizing hotel ownership within the broader InJourney Group portfolio.
The second phase followed on June 26, 2026, expanding the consolidation effort through agreements with nine state-owned enterprises representing multiple sectors of Indonesia's economy. Participating companies include PT Adhi Karya (Persero) Tbk Group, PT ASDP Indonesia Ferry (Persero) Group, PT Garuda Indonesia (Persero) Tbk Group, PT Hutama Karya (Persero) Group, PT Krakatau Steel (Persero) Tbk Group, PT Nindya Karya, PT Pembangunan Perumahan (Persero) Tbk Group, PT Waskita Karya (Persero) Tbk Group, and PT Wijaya Karya (Persero) Tbk Group.
The agreements cover multiple corporate actions associated with the hotel consolidation process, including asset transfers, business separations, and share acquisitions involving hotel business units owned by participating state-owned enterprises. These transactions are intended to streamline ownership structures while placing hotel operations under the management of InJourney Hospitality.
The consolidation forms part of InJourney's broader strategy to build a hospitality platform capable of managing state-owned hotel assets under consistent operational standards. By integrating ownership and management, the company aims to establish a more professional operating structure while improving portfolio performance across different hotel properties.
InJourney believes the ongoing transformation provides the foundation for globally competitive hotel management supported by stronger operational integration. The company also expects the initiative to strengthen the contribution of Indonesia's hospitality sector to national tourism development while supporting broader economic growth.
The implementation of the consolidation involves coordination across multiple government and corporate stakeholders. According to the company, the process has received support from the State-Owned Enterprises Regulatory Agency, Danantara Asset Management, state-owned enterprises and their subsidiaries that own hotel assets, as well as other parties participating in the restructuring process.
Maya Watono said that collaboration among stakeholders is an essential element in executing a transformation of this scale. She noted that cooperation across participating organizations provides the basis for consolidating state-owned hotel assets while strengthening Indonesia's tourism ecosystem and creating sustainable economic value.
The consolidation also reflects InJourney's role in integrating aviation and tourism assets under a unified national strategy. Through its hospitality subsidiary, the company seeks to create stronger connections between accommodation services and Indonesia's broader tourism infrastructure while improving coordination across state-owned tourism assets.
Beyond operational restructuring, the initiative is intended to establish a more integrated hospitality ecosystem capable of supporting Indonesia's long-term tourism objectives. The centralized management model allows hotel assets originating from different state-owned enterprises to operate within a coordinated portfolio while maintaining service quality aligned with global hospitality standards and Indonesian cultural identity.
InJourney stated that the consolidation reinforces its commitment to building an integrated aviation and tourism ecosystem that supports Indonesia's ambition to become a leading global tourism destination. Through the continued integration of hotel assets under InJourney Hospitality, the company aims to strengthen competitiveness, improve operational effectiveness, and increase the long-term value generated by state-owned hospitality assets.
