Resort and hotel investment company Kingdom Hotel Investments (KHI) has acquired the Four Seasons Hotel in Jakarta, Indonesia, for US$48m (33.8m euro, £23.5m).
The Four Seasons Jakarta first opened in 1995 as the Regent Jakarta and is located in the heart of the city’s Golden Business Triangle, the commercial and cultural hub of Indonesia. The hotel has 365 bedrooms and a luxury day spa.
The acquisition is KHI’s first in Indonesia and further expands the group’s Asian portfolio to nine properties in seven markets.