Archipelago International Signs Letter of Intent with NWP Retail to Develop 14 New Hotels Across Ind
- MAN Real Estate
- Apr 23, 2018
- 1 min read
Updated: Jul 10, 2019
Press Release Apr 23, 2018
Jakarta, Indonesia, 24 April 2018 - Archipelago International, a leading Indonesia-based hospitality management company today announced it has signed a letter of intent with NWP Retail to develop 14 hotel projects in prime locations across Indonesia under three of the company’s signature brands: fave, Harper and Aston.
The planned developments will add over 1,800 rooms to Archipelagos hotel accommodation offerings. After more than a decade of accelerated growth in Indonesia, Archipelago International expects to open more than 50 new hotels in the next few years and raise its inventory to more than 25,000 rooms, thanks to an increasing demand for budget and mid-market hotels. Demand is also growing for Archipelago’s upscale 5-star luxury villa brand, Royal Kamuela, currently under development in Port Dickson, Malaysia.
According to John Flood, President and CEO of Archipelago International, “Domestic growth is particularly important to Archipelago International’s expansion strategy due to the country’s strong economic growth and expanding middle class and youthful population.
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