Press Release
Meikarta Strenghtens International Hospitality by Collaborating with Langham Hospitality Group
10 August 2017

Synergy in building world class infrastructure between two giant companies Lippo Group and Langham Hospitality Group 


Jakarta, August 10, 2017 –
Meikarta, an integrated world class city developed by Lippo Group has reached preliminary agreement with Langham Hospitality Group as of today. The joint collaboration between the two companies will hope to establish two world class hotels in Meikarta 

Meikarta President Ketut Budi Wijaya who was present during the occasion was quoted saying, “We would like to extend our appreciation to Langham Hospitality Group for choosing Meikarta to esablish two world class hotels, indeed this is a great source of pride fo us. This step also signifies the trust of the international community towards Meikarta in its attempt to establish a modern city with the best infrastructure facilities in Asia.” Wijaya said. 

Langham Hospitality Group is a company operating in the hospitality sector under Great Eagle Holdings, one of the worlds leading real estate and hotel companies based in Hong Kong. Langham Hospitality group currently operates 50 hotels worldwide which has received numerous awards from the Travel & Leissure World’s Best Hotel Awards. 

The establishment of the two hotels in Meikarta is a part of Meikarta’s long term plan to establish a world class modern city with the best infrastructure in Indonesia and Asia. Wijaya mentions that the arrival of Langham Hospitality Group will compliment Meikarta’s ambition to establish a modern city. The Meikarta project in Bekasi Regency will be strategically located between 10 giant industries, with access to an integrated transportation system, modern apartments, luxurious shopping malls, the best schools and hospitals with world class facilities to supplement a high quality of living. 

Development Manager of Langham Hospitality Group Celia Lian who was present during the signing ceremony mentions that Langham Group expansion in Indonesia is part of a strategic plan by the company to expand in in Asia. “The plan to build 2 hotels in collaboration with Langham Hospitality Group in Meikarta is part of a long term plan to expand our portfolio in Asia. With a strategic location and supported with world class facilities, we see Meikarta as having the capacity to support our operations. I believe that our arrival in Meikarta will be appropriate for our brand.” Celia remarked. 

-END


About Meikarta (www.meikarta.com

MEIKARTA, the new international city is Lippo’s largest investment project ever undertaken since more than six decades ago. 

MEIKARTA is located at the heart of the Indonesian economy, in the Jakarta-Bandung corridor. 60% of Indonesia's national economy is located in the Jakarta-Botabek-Bandung area, of which 70% are in the center of Bekasi-Cikarang. MEIKARTA is also surrounded by several new cities, including Lippo Cikarang, Jababeka, and MM2100, an industrial area that produces more than 1 million cars, 10 million motorcycles, millions of refrigerator units, televisions and household appliances, annually. 

The location of MEIKARTA will have a more strategic value as several important infrastructures are being built in this area, such as the Jakarta-Bekasi-Cikarang-Bandung rapid train, Patimban Deep Seaport, Kertajati International Airport, Light Rail Transport (LRT) Cawang-Bekasi Timur- Cikarang, Automated People Mover (Monorail) which unites seven new cities around Meikarta, and Jakarta-Cikampek Elevated Highway. 

MEIKARTA will have world-class infrastructure and facilities, such as shopping centers, health centers and international hospitals, international financial centers, five star hotels, national libraries, opera theater & art centers, national and international education establishment, National Universities, industrial research center, International Exhibition Center, and Indonesian Silicon Valley. 

MEIKARTA was developed by a subsidiary of PT Lippo Cikarang Tbk ("LPCK"), a subsidiary of PT Lippo Karawaci Tbk ("LPKR"). 

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For further information: 

Danang Kemayan Jati, Public Relations Director 
DanangJ@ lippokarawaci.co.id 

 

This press release has been prepared by Lippo Group and is circulated for the purpose of general information only. It is not intended for any specific person or purpose and does not constitute a recommendation regarding the securities of Lippo Group. No warranty (expressed or implied) is made to the accuracy or completeness of the information. All opinions and estimations included in this release constitute our judgment as of this date and are subject to change without prior notice. Lippo Group disclaims any responsibility or liability whatsoever arising which may be brought against or suffered by any person as a result of reliance upon the whole or any part of the contents of this press release and neither Lippo Group nor any of its affiliated companies and their respective employees and agents accepts liability for any errors, omissions, negligent or otherwise, in this press release and any inaccuracy herein or omission here from which might otherwise arise.

Forward-Looking Statements
Certain statements in this release are or may be forward- looking statements. These statements typically contain words such as "will", "expects" and "anticipates" and words of similar import. By their nature, forward looking statements involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described in this release. Factors that could cause actual results to differ include, but are 
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