PT Menteng Heritage Realty Tbk PT Menteng Heritage Realty Tbk is an Indonesia-based company engaged in the hospitality sector, owning and operating hotels along with ancillary investment and sea transportation activities. The company primarily operates The Hermitage, a five-star boutique hotel in Menteng, Central Jakarta, featuring 90 rooms across eight floors plus an attic, a meeting room, ballroom, swimming pool, spa, and fitness facilities; it partners with Marriott International through the Tribute Portfolio brand for management. Subsidiaries include operations in hospitality with The Royal Beach Seminyak in Bali and Pomelotel in Jakarta, as well as PT Global Samudera Nusantara for barge charter and sea transportation services.
Founded in 2007 and headquartered at Jalan Cilacap No. 1, Jakarta Pusat, the company, formerly known as PT Citra Prestasi Abadi, focuses on upscale hospitality targeting leisure and business travelers in key Indonesian markets, with segments spanning hospitality, investment, and barge charter generating revenue primarily from Indonesia. It serves as a subsidiary of PT Wijaya Wisesa Realty, emphasizing local wisdom, professionalism, and international standards in its operations.
Recent developments include a strategic partnership with Marriott International for The Hermitage's management, enhancing its global branding; acquisition in 2019 of PT Wijaya Wisesa Development, which holds a 30% stake in The Royal Beach Seminyak, Bali; and plans to acquire a hotel in Kuningan, Jakarta, alongside sustained revenue growth in hospitality and barge charter segments through 2024. The company maintains a lean workforce of approximately 27-28 employees and continues to expand its footprint in Indonesia's lodging industry.