- Business
- PT Jakarta International Hotels & Development Tbk (JIHD) is an Indonesia-based holding company primarily engaged in hotel operations, real estate development, and related services. Founded on November 7, 1969, and headquartered at Gedung Artha Graha, 15th Floor, Jl. Jend. Sudirman Kav. 52-53, South Jakarta, the company listed on the Indonesia Stock Exchange in 1984 and operates through four main segments: Hotel; Real Estate; Telecommunication Services; and Hotel Management Services. The Hotel segment owns and operates five-star properties including Hotel Borobudur Jakarta, managed by PT Dharma Harapan Raya, and The Ritz-Carlton Pacific Place Jakarta; the Real Estate segment develops and manages office buildings, shopping centers, apartments, commercial facilities, and mixed-use projects, notably in the Sudirman Central Business District (SCBD) through subsidiary PT Danayasa Arthatama Tbk; the Telecommunication Services segment provides telephone, internet, leased circuits, managed services, and TV cable; while the Hotel Management Services segment supports hotel-related operations. JIHD focuses on the Indonesian market, particularly Jakarta, with construction services as an additional segment supporting its property developments. In recent developments, the company marked significant anniversaries in 2024 for Hotel Borobudur Jakarta on March 23 and November 7, underscoring ongoing operational milestones amid its commitment to eco-friendly practices and investor updates.