What Menteng Heritage Realty does

PT Menteng Heritage Realty Tbk (IDX: HRME) is an Indonesian publicly listed hospitality and investment holding company headquartered in Central Jakarta. Its core asset is The Hermitage, a 90-room, 5-star heritage hotel located in the elite Menteng district, operating from a 1923 Dutch colonial telecommunications building (Telefoongebouw Menteng) with art deco and Colonial Style Nusantara design. The hotel has been managed by Marriott International under the Tribute Portfolio brand since 2015, making it the first Tribute Portfolio property in Indonesia. The company is controlled by the Wijaya Wisesa Group, a diversified Indonesian conglomerate, and has a board led by President Commissioner Herry Wijaya (property industry veteran since 1988) and President Director Christofer Wibisono (CFA, with the group since 2003).

The business operates across multiple revenue streams: hotel room revenue across eight categories (15 Deluxe, 5 Deluxe Terrace, 35 Executive, 11 Executive Terrace, 10 Studio Suite, 7 Junior Suite, 5 Executive Suite, and 2 Presidential Suite rooms, with the Presidential Suite priced at USD 3,888++ per night), food and beverage revenue from four outlets (L'Avenue restaurant, La Vue rooftop bar, Courtyard Café, Hermitage Lounge, and cigar room), and MICE/ballroom event revenue. Beyond The Hermitage, the group operates Pomelotel Jakarta and holds a 30% stake in The Royal Beach Seminyak Bali via PT Wijaya Wisesa Development and PT Satria Balitama, and runs a tug and barge shipping business via subsidiary PT Global Samudera Nusantara. Distribution relies on Marriott's global reservation infrastructure, Marriott Bonvoy loyalty, OTAs (Booking.com, TripAdvisor, Hotels.com, HolidayCheck), direct website booking, and on-premise F&B outlets. Q3 2022 revenue was Rp 58.9 billion (+40.5% YoY) with gross profit up 73% YoY, and the company was targeting Rp 87 billion for full year 2022.

Name

Menteng Heritage Realty

Legal name

PT Menteng Heritage Realty Tbk

Website

https://hrme.co.id

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

51–100 employees

Short description

PT Menteng Heritage Realty Tbk (IDX: HRME) operates The Hermitage, a 90-room 5-star heritage hotel in Jakarta's Menteng district managed under Marriott's Tribute Portfolio brand, alongside Pomelotel Jakarta, a Bali hotel stake, and a shipping subsidiary within the Wijaya Wisesa Group.

Ownership category

akta.pro rank

Product category

Luxury Hospitality

NAICS

Historical Sites (71212)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Historic & Heritage Full-Service Hotels (THAGAAAG)

akta.pro secondary industry

Specialty & Historic Venues (Landmarks, Estates) (THAHAAAK)

Keywords

• Luxury hotel services
• Heritage hotel management
• Hospitality operations
• Food and beverage services
• Event venue hosting

Headquarters

HQ city

Jakarta Pusat

HQ country

Indonesia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Hotel Room Revenue: Primary revenue from 90-room luxury hotel operations including room rentals across various room types (Deluxe, Executive, Suites) at The Hermitage hotel in Jakarta.
2. Food & Beverage: Revenue from multiple F&B outlets including L'Avenue restaurant (international and Indonesian cuisine), La Vue rooftop bar, Courtyard Café, Hermitage Lounge, and cigar room. Hotel has three food and beverage outlets with impressive menus.
3. Subsidiary Hotel Operations: Revenue from subsidiary PT Wijaya Wisesa Bakti operating Pomelotel Jakarta and 30% stake in The Royal Beach Seminyak Bali through PT Satria Balitama.
4. Shipping Operations: Revenue from subsidiary PT Global Samudera Nusantara operating tug and barge shipping vessels. The company is developing shipping business with plans to add up to three tug and barge sets.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

PT Menteng Heritage Realty operates The Hermitage, a 5-star heritage hotel with 90 rooms in Jakarta's elite Menteng district, offering luxury accommodations across multiple room categories, multiple F&B outlets, and event/MICE venues. The company also holds interests in subsidiary hospitality operations including Pomelotel Jakarta, a 30% stake in The Royal Beach Seminyak Bali, and a tug and barge shipping business through PT Global Samudera Nusantara.

Differentiator

Problem solved

Functional benefit

Brands

• The Hermitage Hotel: 5-star heritage hotel in Menteng, Jakarta with 90 rooms, featuring colonial-style architecture, meeting rooms, ballroom, swimming pool, spa and fitness facilities
• The Royal Beach Seminyak Bali
• Tribute Portfolio Hotels

Products and services

• The Hermitage Hotel
• L'Avenue Restaurant
• La Vue Rooftop Bar
• Courtyard Café
• Meeting and Event Venues
• The Royal Beach Seminyak Bali

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Marriott International (Tribute Portfolio)coreStrategic or Co-development Partner · 1 June 2014The Hermitage hotel is managed by Marriott International through the Tribute Portfolio brand, making it the first Tribute Portfolio property in Indonesia. This partnership provides global distribution, marketing, and reservation systems while maintaining the hotel's independent spirit and colonial heritage identity.
• Grace Leo Associates (GLA) HotelsminorStrategic or Co-development Partner · 1 January 2013Historical management partnership with GLA Hotels, an international hotel operator based in Paris, before transitioning to Marriott International. GLA managed The Hermitage during initial operations from June 2014.
• PT Wijaya Wisesa BakticoreOthersSubsidiary company engaged in hospitality sector, operating Pomelotel Jakarta. Part of the Wijaya Wisesa Group conglomerate structure.
• PT Wijaya Wisesa DevelopmentcoreOthersSubsidiary engaged in investment sector, holding 30% stake in PT Satria Balitama which owns The Royal Beach Seminyak Bali hotel. Part of Wijaya Wisesa Group.
• PT Global Samudera NusantaracoreOthersSubsidiary engaged in shipping/tug and barge operations. The company is developing its shipping business with plans to add up to three tug and barge vessel sets.
• The Leading Hotels of the WorldminorStrategic or Co-development PartnerThe Hermitage is a member of The Leading Hotels of the World, an organization specializing in luxury properties worldwide.

Scale indicators3 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Hotel Mulia Senayan, Jakarta: Indonesian-owned luxury hotel complex in Jakarta with extensive F&B and MICE facilities, directly comparable to The Hermitage in scale, pricing tier, and locally-managed-but-internationally-positioned service standards.
• Grand Hyatt Jakarta: Established luxury hotel adjacent to Plaza Indonesia in central Jakarta. Competes directly with The Hermitage for both luxury leisure guests and large-scale MICE events (ballroom and meeting facilities).
• The Ritz-Carlton Jakarta, Pacific Place: Luxury 5-star property in Jakarta's Sudirman business district targeting identical luxury leisure and corporate segments. Comparable scale and service tier to The Hermitage.
• Mandarin Oriental Jakarta: Leading luxury hotel in central Jakarta competing for the same HNW and corporate MICE demand as The Hermitage, with comparable room count and similar international-brand service positioning.
• Hotel Indonesia Kempinski Jakarta: Iconic 5-star luxury hotel in central Jakarta with deep heritage (opened 1962, first international hotel in Indonesia). Direct competitor for heritage-seeking luxury travelers and corporate events in the same market as The Hermitage.

Broad incumbents

• The Leading Hotels of the World: Global luxury hotel collection of which The Hermitage is also a member. Provides a parallel referral and marketing channel and sets the brand standards expected of member heritage properties.
• Tribute Portfolio (Marriott International): Marriott's collection brand of independent heritage and boutique hotels. The Hermitage is a member property; brand-level performance and strategy directly shape distribution, marketing, and standards for the asset.

Regional players

• Park Hyatt Saigon: Luxury heritage-feel hotel in Ho Chi Minh City operating in a similar Southeast Asian urban-heritage segment. Useful regional comparable for ADR, F&B, and MICE economics despite different city.
• Hotel Majapahit Surabaya: Historic 1910 colonial hotel in Surabaya now operated under Marriott's Autograph Collection. Comparable Indonesian heritage hotel with similar brand-management hybrid model to The Hermitage.

Emerging players

• The Capitol Kempinski Singapore: Heritage luxury hotel in a restored colonial building in Singapore's civic district. Comparable as a heritage-building-as-luxury-hotel concept with strong F&B and event programming, though operating in a more mature and competitive market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/thehermitagejkt

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 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 Menteng Heritage Realty