Metro appoints Ascott to manage Jakarta apartments

George Sell George Sell Uploaded 25 October 2021


Indonesia: Metro has selected Ascott to manage the M+ serviced residences in Trans Park Bekasi, Jakarta.

Ascott will manage more than 200 units across two floors of student accommodation and three floors of corporate leases. Trans Park Bekasi is 90 per cent owned by Metro Group and 10 per cent owned by Lee Kim Tah Group, and consists of five 32-storey residential towers with 5,660 units.

Trans Park Bekasi is located within the larger mixed-use development by CT Corp, an Indonesian-based conglomerate.

Metro group CEO Yip Hoong Mun said: "Our collaboration with Ascott in Jakarta demonstrates Metro's ability to evolve its strategy amidst the COVID-19 pandemic to proactively engage new partners and unlock shareholder value. Due to its close proximity to the trains and toll roads heading towards central Jakarta, M+ will leverage off the large number of multinational companies and expatriates in Bekasi, as well as tap on the growing student population of existing schools in the vicinity."

Philip Lim, Ascott's country general manager for Indonesia, said: "Ascott's alliance with Metro continues to be a key growth strategy for Ascott. We are glad that our partners recognise the resilience of our lodging products and the value Ascott brings as one of the leading international lodging owner-operators. Guests can look forward to a home-away-from-home experience and world-class services at this well-located property."



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