Paying Off Rp1.1 Trillion Debt, PP Properti Enlivens MotoGP Event With 158-Room Luxury Hotel

JAKARTA - After paying a debt of Rp1.1 trillion, PT PP Properti Tbk (PPRO) focuses on operating activities by developing its property services. One of them is Prime Park Hotel & Convention Lombok in Mataram.

PP Properti Finance Director Deni Budiman said that the company is responsive in supporting the development of a super priority National Tourism Strategic Area (KSPN) by the Government, namely in Lombok, West Nusa Tenggara.

In addition, the MotoGP International event which will be held on March 20, 2022, has made various supporting facilities for the event begin to offer programs to attract tourists.

"The company has launched the latest 4-star hotel located in Mataram City, namely Prime Park Hotel & Convention Lombok," said Deni in his statement, Wednesday, February 23.

Deni explained, Prime Park Hotel & Convention Lombok itself provides a variety of attractive facilities with modern and instagramable design concepts. Equipped with 158 rooms with elegant interior designs that can pamper every guest who stays and has the first and highest Rooftop Infinity Swimming Pool in the city of Mataram which offers spectacular views of the sunset and city.

"Plus, it has a magnificent ballroom with an area of 1,056 square meters that can accommodate 1,500 people," said Deni.

The Company has just made payments for its ongoing Bonds II Phase II Year 2021 worth IDR300 billion which matures on February 15, 2022 and Continuous Bonds I Phase II Year 2019 worth IDR800 billion which matures on February 22, 2022. So the total bond payments have been made. The company is valued at Rp. 1.1 trillion.

Deni explained that the company has allocated funds to make payments on the principal and interest on bonds maturing in January 2022. “The funds have been paid to the Indonesian Central Securities Depository (KSEI) of Rp. 300 billion on February 14, 2022 and Rp. 800 billion on February 21, 2022. , said Deni.