Sahid Hotels

What Sahid Hotels does

PT. Hotel Sahid Jaya Internasional Tbk (operating as Sahid Hotels & Resorts) is an Indonesian publicly listed hospitality and property company founded on May 23, 1969, and headquartered in Jakarta. The company owns and operates two hotel properties — Hotel Grand Sahid Jaya in Jakarta and Hotel Sahid Bandar Lampung — alongside serviced apartment units at Apartment Istana Sahid in Central Jakarta targeting long-stay guests. Beyond directly owned assets, the company operates Sahid International Hotel Management & Consultants, which manages more than 4,000 hotel rooms across Indonesia under the Sahid Hotels & Resorts brand, providing third-party hotel owners with management, branding, and operational consulting services.

The company's revenue model blends three streams: direct hotel property operations (room rentals, F&B, and ancillary services), recurring serviced apartment stays in Central Jakarta, and asset-light management fees from third-party hotel owners across Indonesia. Ownership is highly concentrated, with PT Empu Sahid International holding 78.97% and PT Sahid Insanadi holding 6.07%, leaving only 14.96% in public float on the Indonesian Stock Exchange (ticker: SHID). The company employs 101–250 people and markets primarily through direct property channels and its hotel management distribution network rather than technology platforms or proprietary digital systems.

Reported revenue grew from IDR 4.87 trillion in 2021 to IDR 9.69 trillion in 2024 before contracting to IDR 7.42 trillion in 2025, with EBITDA tracking similarly (IDR 210 billion → IDR 2.87 trillion → IDR 1.48 trillion). Net income has been negative across all five reported years, ranging from -IDR 2.93 trillion in 2021 to -IDR 1.59 trillion in 2025, indicating persistent bottom-line losses despite top-line scale. The business has no disclosed AI, software, or proprietary technology platforms — its competitive positioning rests on legacy brand, real estate ownership in prime Indonesian locations, and a national hotel management footprint.

Name

Sahid Hotels

Legal name

PT. Hotel Sahid Jaya Internasional Tbk

Website

https://pthsji.com

Company type

Public

Founded year

1969

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Hotel and Hospitality Services

NAICS

Hotels (except Casino Hotels) and Motels (72111)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Real Estate Agents & Managers (For Others) (6531), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Business & Corporate Full-Service Hotels (THAGAAAE)

akta.pro secondary industries

Luxury Serviced Residences (THAGAEAJ), Hospitality (Hotel) Property Management (BPAJAGAG)

Keywords

• Hotel management services
• Hospitality property operations
• Serviced apartment rentals
• Five-star hotel accommodations
• Hotel brand franchising

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Hotel Property Ownership & Operations: The company owns and operates hotel properties including Hotel Grand Sahid Jaya Jakarta and Hotel Sahid Bandar Lampung, generating revenue from hotel room rentals, F&B, and ancillary services.
2. Serviced Apartment Operations: The company operates and manages serviced apartment units at Apartment Istana Sahid in Central Jakarta, serving guests with long-term stay needs.
3. Hotel Operator & Management Services: Through Sahid International Hotel Management & Consultants, the company manages over 4000 hotel rooms across Indonesia under the Sahid Hotels & Resorts brand, providing hotel management and consulting services to third-party hotel owners.

Go-to-market motion1 record

Distribution channels3 records

Core offering

Sahid Hotels owns and operates five-star hotel properties in Jakarta (Hotel Grand Sahid Jaya) and Bandar Lampung (Hotel Sahid Bandar Lampung), provides serviced apartment rentals at Apartment Istana Sahid in Central Jakarta for long-stay guests, and runs a hotel management and consulting business (Sahid International Hotel Management & Consultants) managing over 4,000 rooms across Indonesia under the Sahid Hotels & Resorts brand.

Product overview

PT. Hotel Sahid Jaya Internasional Tbk operates a diversified hospitality portfolio under the Sahid Hotels & Resorts brand, including owned hotel properties (Hotel Grand Sahid Jaya Jakarta and Hotel Sahid Bandar Lampung), serviced apartments at Apartment Istana Sahid in Central Jakarta, and hotel management services through Sahid International Hotel Management & Consultants. The company manages over 4,000 rooms across Indonesia, positioning itself as one of the pioneering five-star hotel operators in Jakarta since its establishment in 1969.

Differentiator

Problem solved

Functional benefit

Brands

• Hotel Grand Sahid Jaya Jakarta: Five-star hotel property in Jakarta
• Hotel Sahid Bandar Lampung
• Apartment Istana Sahid

Products and services

• Hotel Grand Sahid Jaya Jakarta
• Hotel Sahid Bandar Lampung

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Tauzia Hotel Management: Indonesian hotel management company operating Harris, POP!, Prefere, and FOX brands across Southeast Asia. Direct comparable as a regional management-focused operator targeting mid-scale and select-service segments.
• PHM Hospitality: Indonesian hospitality management company (formerly Panorama Hospitality) operating multiple brands across Indonesia. Direct competitor in the third-party hotel management space.
• Aryaduta Hotels (Lippo Group): Indonesian full-service hotel chain owned by Lippo Group, operating premium properties in Jakarta and other major cities. Comparable as a domestic upscale hotel operator with similar property ownership and management model.
• Aston Hotels & Resorts (Archipelago International): One of Indonesia's largest hotel management companies operating multiple brands (Aston, NEO, fave, Harper) with thousands of rooms nationwide. Directly comparable as a domestic Indonesian hotel operator competing for the same third-party management contracts and guests.
• Hotel Indonesia Natour (HIN): State-owned Indonesian hotel company operating the historic Hotel Indonesia (now Kempinski-managed) and other heritage properties. Highly comparable as a domestic hotel operator with owned heritage assets in Jakarta.
• Santika Indonesia (PT Sentralindo Wirasta): Long-established Indonesian hotel chain with owned and managed properties across Indonesia under the Santika, Amaris, and Kalyana brands. Highly comparable as a domestic multi-brand operator with similar heritage and target segments.

Broad incumbents

• Accor: Global hospitality group operating Raffles, Fairmont, Sofitel, Pullman, Novotel, and Ibis brands across Indonesia. Comparable as a broad incumbent with significant management contract scale in Indonesia.
• Hyatt Hotels Corporation: Global luxury hotel operator with growing presence in Indonesia including the Park Hyatt Jakarta. Comparable as a broad incumbent competing in the upscale/luxury segment in the same Jakarta market.
• Marriott International: Global hotel giant with extensive presence in Indonesia (Ritz-Carlton, JW Marriott, Westin, etc.). Comparable as a major competitor in the Indonesian luxury and full-service hotel segment, particularly in Jakarta.

Regional players

• Platindo Realty: Indonesian real estate and hospitality company with hotel property interests. Comparable as a domestic publicly listed Indonesian hospitality REIT/operator focused on hotel property holdings.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/pt-hotel-sahid-jaya-international

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sahid Hotels