PT Indonesian Paradise Property Tbk

Name

PT Indonesian Paradise Property Tbk

Legal name

PT Indonesian Paradise Property Tbk

Website

https://paradiseindonesia.com

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Real Estate Development & Hospitality Services

NAICS

Real Estate Property Managers (53131), Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

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

akta.pro primary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

akta.pro secondary industries

Specialty & Entertainment Venue Property Management (BPAJAGAO), Resort & Branded Residence Vacation Rental Management (BPAJAIAE)

Keywords

• Mixed-use property development
• Hospitality management services
• Retail property leasing
• Hotel operations
• Commercial real estate

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain, Others

Revenue model

1. Property Sales: Revenue from selling residential apartments, commercial spaces, and mixed-use developments. The company develops and sells properties under its portfolio brands.
2. Hotel and Hospitality Operations: Revenue from operating hotels including Sheraton Bali Kuta Resort, Grand Hyatt Jakarta, HARRIS Hotels, Aloft Bali Kuta, YELLO Kuta Beachwalk Bali, and others. Hotel operations include room rentals, food and beverage, and event services.
3. Retail and Commercial Leasing: Revenue from leasing retail spaces at shopping centers including Plaza Indonesia Shopping Center, beachwalk Shopping Center, fX Sudirman, 23 Paskal Shopping Center, and Park23 Creative Hub. Also includes office tower leasing at The Plaza Office Tower.
4. Apartment and Residence Leasing: Revenue from leasing residential apartments including beachwalk Residence, fX Residence, 31 Sudirman Suites, One Residence Batam, and Keraton At The Plaza private residences.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

PT Indonesian Paradise Property Tbk develops, owns, and operates a diversified portfolio of iconic mixed-use lifestyle destinations across Indonesia's major cities. The company's core offerings include premium and mid-market hotel operations under international brands (Sheraton, Grand Hyatt, HARRIS, POP!, Aloft, YELLO), retail shopping centers (Plaza Indonesia, beachwalk, fX Sudirman, 23 Paskal), office tower leasing (The Plaza Office Tower), and residential apartments (beachwalk Residence, fX Residence, Keraton Private Residence). The company generates revenue from property sales, hotel operations, retail leasing, and residential leasing with an 81% recurring income ratio.

Product overview

PT Indonesian Paradise Property Tbk (Paradise Indonesia) operates as a diversified property development company managing a portfolio of iconic lifestyle destinations across Indonesia. The company functions as a platform-plus-subsidiaries model with multiple property segments including Mixed-Use developments (Plaza Indonesia, Sahid Kuta Lifestyle Resort, 23 Paskal Shopping Center), Hotels (Sheraton Bali Kuta, Aloft Bali Kuta, YELLO Kuta Beachwalk, Maison Aurelia Sanur, HARRIS Hotels, Grand Hyatt Jakarta, Keraton at The Plaza, Hyatt Place Makassar, POP! Hotel Sangaji), Retails (Plaza Indonesia Shopping Center, fX Sudirman, beachwalk Shopping Center, Park23 Creative Hub, The Plaza Office Tower), and Apartments (beachwalk Residence, fX Residence, 31 Sudirman Suites, One Residence Batam, Keraton Private Residence). The company also has upcoming Projects including Antasari Place, 23Semarang, and 23Paskal Shopping Center Extension. Operating through subsidiaries, the company develops, owns, and manages properties across major Indonesian cities including Jakarta, Bali, Bandung, Batam, Yogyakarta, and Makassar, with over 20 years of industry experience since 2002.

Differentiator

Problem solved

Functional benefit

Products and services

• Plaza Indonesia Mixed-Use Development Flagship mixed-use property development in Jakarta's central business district integrating retail, office, and hotel components including Grand Hyatt Jakarta and Keraton at The Plaza. Developed by subsidiary PT Plaza Indonesia Realty Tbk.
• Sahid Kuta Lifestyle Resort Lifestyle resort property located in Kuta, Bali, adjacent to beachwalk shopping center.
• 23 Paskal Shopping Center Mixed-Use Mixed-use shopping center in Bandung developed by PT Mitra Perdana Nuansa, opened in 2017.
• Sheraton Bali Kuta Resort Premium beachfront resort in Kuta, Bali operated under the Sheraton brand by Marriott International, catering to leisure and business travelers in a five-star setting.
• Aloft Bali Kuta at beachwalk Modern hotel at beachwalk Shopping Center in Kuta, Bali, opened in 2022 and operated under the Aloft brand by Marriott International targeting upscale travelers.
• YELLO Kuta Beachwalk Bali Boutique hotel property at beachwalk Shopping Center in Kuta, Bali, operated by PT Indonesian Paradise Island under the YELLO brand.
• Maison Aurelia Sanur Boutique hotel property in Sanur, Bali, developed by PT Segara Biru Kencana and opened in 2016, offering upscale accommodations in the Sanur resort area.
• HARRIS Hotel Kuta Tuban Hotel property in Kuta Tuban area of Bali, operated under the HARRIS hotel brand, catering to family-friendly mid-market travelers near Ngurah Rai International Airport.
• Grand Hyatt Jakarta Luxury hotel in Jakarta's central business district operated under the Grand Hyatt brand by Hyatt, located adjacent to Plaza Indonesia, catering to business and luxury leisure travelers.
• Keraton at The Plaza, Part of The Unbound Collection by Hyatt Luxury boutique hotel part of Hyatt's Unbound Collection, located at The Plaza building in Jakarta, offering premium accommodations in the heart of Jakarta's CBD.
• HARRIS Suites fX Sudirman Hotel suites property at fX Sudirman complex in Jakarta, developed by PT Padma Suasa under the HARRIS Suites brand targeting business and leisure travelers.
• Cityloog Hotel Tebet Jakarta Boutique hotel in Tebet area of Jakarta, developed by PT Java Paradise Island, offering mid-market accommodations in South Jakarta.
• HARRIS Hotel Batam Center Hotel property in Batam Center area of Batam island, opened in 2011 under the HARRIS brand, catering to business and leisure travelers in the Batam tourism hub.
• Hyatt Place Makassar Hyatt Place hotel property in Makassar, Sulawesi, opened in 2024, expanding the company's presence in Eastern Indonesia under the Hyatt Place brand.
• HARRIS Resort Waterfront Batam Waterfront resort property in Batam operated under the HARRIS brand, developed by PT Anugerah Nusaraya since 2002, offering leisure and family-friendly accommodations.
• POP! Hotel Sangaji Budget hotel brand property in Yogyakarta, developed by PT Kega Property Utama under the POP! Hotel brand targeting price-conscious travelers.
• Plaza Indonesia Shopping Center Premier shopping center in Jakarta's central business district, opened in 1990, featuring luxury and international brands in a high-traffic premium retail destination.
• fX Sudirman Mixed-use retail complex in Sudirman business district of Jakarta, developed by PT Sarana Mitra Investama since 2008, offering retail and entertainment venues.
• beachwalk Shopping Center Premier open-air lifestyle shopping center in Kuta, Bali featuring international and local retail brands, restaurants, and entertainment venues.
• 23 Paskal Shopping Center Bandung Shopping center in Bandung city center, opened in 2012, developed by PT Mitra Perdana Nuansa, featuring retail and entertainment offerings.
• Park23 Creative Hub Entertainment and creative hub in Jakarta, developed by PT Praba Kumala Sejati since 2015, offering entertainment, dining, and creative retail experiences.
• The Plaza Office Tower Office tower complex in Jakarta, developed by PT Plaza Indonesia Realty Tbk since 2009, offering premium office space in the central business district.
• beachwalk Residence Residential apartments in Kuta, Bali, developed by PT Indonesian Paradise Island and opened in 2021, offering premium residential living adjacent to the beachwalk shopping center.
• fX Residence Residential apartments at fX Sudirman complex in Jakarta, developed by PT Aneka Bina Laras, offering integrated urban living with retail access.
• 31 Sudirman Suites Luxury residential suites in Makassar, developed by PT Rifai Maju Properti and opened in 2023, offering premium urban living in Eastern Indonesia.
• One Residence Batam Residential apartments in Batam, developed by PT Retzan Indonusa since 2019, providing premium residential living in the Batam market.
• Keraton At The Plaza Private Residence Private residential apartments at The Plaza complex in Jakarta, developed by PT Plaza Indonesia Mandiri, offering luxury serviced residences in Jakarta's central business district.

Quantifiable outcome

• 81% recurring income ratio demonstrates stable revenue stream from hotel operations and commercial leasing
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Hankyu Hanshin PropertiescoreStrategic or Co-development Partner · 1 January 2025Paradise Indonesia entered into a joint venture agreement with Hankyu Hanshin Properties, a major Japanese property developer. This collaboration aims to drive sustainable growth and leverage Japanese expertise in property development. The partnership represents a strategic expansion of Paradise Indonesia's development capabilities and access to Japanese real estate best practices.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@ptindonesianparadiseproper6165
• LinkedInlinkedin.com/company/pt-indonesian-paradise-property-tbk

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries20 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 PT Indonesian Paradise Property Tbk