Starwood Hotels & Resorts Worldwide announced, on February 4, the debut of its ultra-luxury brand St. Regis, in the capital city of Indonesia. Starwood will operate St. Regis Jakarta and The Residences under a management agreement with developer Rajawali Property Group; the property is anticipated to open in 2019, with 280 guestrooms and suites as well as 164 units of branded residences. Located along Jalan H.R. Rasuna Said, Kuningan in South Jakarta, the development will be a stone’s throw from the Ritz-Carlton Mega Kuningan. The Jakarta hotel market, which currently boasts a supply of 2,658 rooms in its upper-upscale and luxury space collectively, is no stranger to mixed-use developments consisting of luxury hotels with up-market branded or private residences. St. Regis Jakarta and The Residences will be joining a number of successful developments of its nature including the Keraton-Luxury Collection, Raffles Jakarta and Residences, the Ritz-Carlton Mega Kuningan and Airlangga Residences, as well as pipeline developments like the Langham Hotel and District 8 Residences and the Regent Hotel and Residences.
HVS APAC HOSPITALITY NEWSLETTER.