Indonesian state construction company PT Adhi Karya plans to spend 1 trillion rupiah ($84.8 million) by 2015 to develop five hotels in several cities across the country, said CEO Kiswodarmawan.
The company’s director Giri Sudaryono said the five hotels will be located in Jakarta, Bekasi, Semarang, Surabaya and Medan. (Investor Daily)
Note: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 11790.0000 Rupiahs) (Compiled by Jakarta Newsroom; Editing by Gopakumar Warrier)