Pan Pacific Hotels Group Expands Into the Heart of Jakarta’s CBD With Opening of Parkroyal Serviced Suites
Pan Pacific Hotels Group (PPHG) announces the opening of PARKROYAL Serviced Suites Jakarta in January 2024. Designed by acclaimed architect Kohn Pedersen Fox Associates, PARKROYAL Serviced Suites Jakarta is well positioned within levels 73 to 82 of Luminary Tower at the Thamrin Nine development and dominates the central district skyline at an impressive height of 304 meters across 95 levels. The PARKROYAL brand is synonymous with the celebration of local culture and serves as a gateway to vibrant destinations and culturally rich precincts.
Japan-based interior designer group, Kanko Kikaku Sekkeishakks (KKS), capitalised on the floor to ceiling windows to create 180 sleek and modern Studios, One and Two-bedroom suites complete with in-room amenities, separate living areas and bedrooms. Offering panoramic views of the city, PARKROYAL Serviced Suites Jakarta also offers an array of social lifestyle facilities, including a Residents Lounge, a 24/7 fully equipped gym, and a swimming pool.
Situated at Thamrin Nine, an exciting integrated mixed-use development with commercial, entertainment and retail spaces, the property has convenient direct access to Grand Indonesia and Dukuh Atas MRT, LRT, Commuter Line, and Airport Train services.
"Serviced apartments in Jakarta demonstrated consistent growth in average occupancy rates during Q3 2023 and increments in average rates is expected with new inventory in the city. Globally, Pan Pacific and PARKROYAL serviced suites achieved average occupancies of 75% in 2023, attributed to a substantial corporate clientele, and this asset class is on a growth trajectory. Jakarta's gradual rebound in business travel, particularly in industries such as oil and gas, minerals, and finance, is expected to further propel the robust demand for serviced apartments." said Mr. Choe Peng Sum, Chief Executive Officer, Pan Pacific Hotels Group.
In addition to the opening of PARKROYAL Serviced Suites Jakarta, PPHG will continue to accelerate its growth in the heart of Jakarta's CBD, with several other openings planned throughout 2024.