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The hotel was restored in 1994 by Harry Susilo, a prominent local ethnic Chinese businessman, at a cost of $51 million. [4] It reopened on 19 January 1996 [5] as the Mandarin Oriental Hotel Majapahit Surabaya, managed by the Mandarin Oriental Hotel Group. It was bought by the CCM Group in 2006 and renamed Hotel Majapahit. [3]
The hotel was operated by Sheraton Hotels from 1977 to 1981 as the Hotel Indonesia Sheraton. The Hotel Indonesia was declared a national cultural heritage site by the decree of the Governor of DKI Jakarta No. 475 on 29 March 1993. [5] The decree commanded that the building and all of its historical assets should be well preserved and maintained ...
Santika Indonesia Hotels & Resorts is an Indonesian hotel group under the auspices of PT. Grahawita Santika, a subsidiary of mass media conglomerate, Kompas Gramedia.First established on 22 August 1981, Santika Indonesia Hotels & Resorts has 116 hotel units spread across more than 40 cities in Indonesia.
The resort opened as Amanpuri in 1988, with nightly rates reportedly five times higher than local competitors. [ 4 ] By 1992, following the success of the first hotel, the group had expanded to include several resorts in Indonesia, a resort on Bora Bora and one in the Alpine village of Courchevel .
Average Daily Rate (commonly referred to as ADR) is a statistical unit that is often used in the lodging industry. The number represents the average rental income per paid occupied room in a given time period. ADR along with the property's occupancy are the foundations for the property's financial performance. [1]
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