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JAKARTA - Property developer owned by conglomerate Hary Tanoesoedibjo, PT MNC Land Tbk (Perseroan or KPIG) recorded an increase in revenue by 29.7 percent from Rp341.8 billion in the first semester of 2021 to Rp443.4 billion in the second semester of 2022. This was mainly driven by a significant increase in revenue in the hotel, resort and golf segments by 206.3 percent, from Rp45.7 billion to Rp140.0 billion. This increase in operations brought net profit in the first semester of KPIG up 18.9% from Rp. 62.9 billion to Rp. 74.8 billion, while the net profit attributable to owners of the parent entity increased from Rp. 85.7 billion to Rp. 88.1 billion in the first semester of this year. For information, in July 2022, the company officially presented Park Hyatt Jakarta as the modern luxury hotel from the first and only Park Hyatt brand in Indonesia and 46th in the world. Park Hyatt Jakarta is a new portfolio of MNC Land in the hospitality sector in the strategic and integrated area of the MNC Center, Jakarta. Park Hyatt Jakarta, which occupies the top 17 floors of the 37-story Park Tower building, will become the new iconic landmark in Jakarta, as well as the best choice in responding to the personal experience standards of urban people in the capital city. This hotel provides a wide selection of room types from the Deluxe type to the presidential suite with the best view Monas -- Jakarta City landmarks -- and is equipped with fine dining, a rooftop concept bar, to various other best facilities and services. KEK MNC Lido City is an area that has officially become the nearest Tourism Special Economic Zone (SEZ) from Jakarta with the development of residential, commercial, tourist destinations, and integrated resorts covering an area of 1,040 hectares of a total of 3,000 hectares of an area in Lido, Greater Jakarta. Located about 60 kilometers from Jakarta, the MNC Lido City SEZ can be reached directly through the Bocimi Toll Road with a travel time of one hour from Jakarta. Being at the location with a height of about 600m above sea level and surrounded by Mount Salak, Mount Gede and Mount Pangrango.

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