What Rajawali Property Group does

Rajawali Property Group (RPG) is a privately held Indonesian real estate investment and asset management company founded in 1989 by Peter Sondakh as part of the Rajawali Group conglomerate. Headquartered at the Rajawali Place superblock in Jakarta's HR Rasuna Said business district, RPG owns and operates a portfolio of approximately 11 luxury and upscale hospitality, residential, and commercial assets across Indonesia and Malaysia. The portfolio is split into a Core Portfolio of luxury and ultra-luxury branded assets — including The St. Regis Bali Resort, The Laguna Resort & Spa, The St. Regis Langkawi, Four Seasons Hotel Jakarta, The Westin Langkawi Resort & Spa, The St. Regis Jakarta, The Residences at The St. Regis Jakarta (195 branded units), the Langkawi International Convention Centre, and the Rajawali Place commercial tower — and a Growth Portfolio targeting emerging destinations such as the Novotel Lombok Resort & Villas.

RPG does not self-operate its hotels; instead, it partners with three of the world's largest hospitality companies — Marriott International, Four Seasons Hotels and Resorts, and Accor S.A. — under long-term management and franchise agreements. This asset-light operating model gives RPG access to global distribution networks (Marriott Bonvoy spans ~9,500 properties in 144 countries; Four Seasons operates 100+ properties; Accor operates 5,584 locations across 110+ countries), signature service standards (24-hour St. Regis Butler Service, Westin Heavenly Spa), and loyalty-driven demand at near-zero customer acquisition cost.

RPG monetizes the portfolio through three primary revenue streams: (1) hospitality operating revenues from owned hotels and resorts managed by global operators, (2) sale of luxury branded residences (e.g., The Residences at The St. Regis Jakarta, of which approximately 80% of 195 units were sold by October 2023) augmented by artisan interior collaborations that bundle FF&E packages, and (3) long-term capital appreciation and rental income from trophy commercial assets such as the 31-storey Rajawali Place office tower. End customers span luxury travelers, MICE and wedding event organizers, and ultra-high-net-worth residential buyers. RPG employs 70 corporate staff across 3 offices, with 5,000+ additional employees in portfolio hotels and properties.

Name

Rajawali Property Group

Legal name

Rajawali Property Group

Website

https://rajawalipropertygroup.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Rajawali Property Group is a Jakarta-based private real estate investment and asset management firm that owns and operates a portfolio of approximately 11 luxury and upscale hospitality, branded residential, and commercial properties across Indonesia and Malaysia, managed under long-term agreements with Marriott International, Four Seasons, and Accor.

Ownership category

akta.pro rank

Product category

Luxury Hospitality and Real Estate Investment

NAICS

Real Estate Property Managers (53131), Nonresidential Property Managers (531312), Other Financial Investment Activities (5239), Management of Companies and Enterprises (551)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)

akta.pro primary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

akta.pro secondary industries

Hospitality (Hotel) Property Management (BPAJAGAG), Resort & Branded Residence Vacation Rental Management (BPAJAIAE), Luxury Villa Resorts & Branded Villa Communities (THAMAEAI), Owner Services, Reporting & Portfolio Administration (THAMAKAI)

Keywords

• Luxury hospitality management
• Real estate investment
• Branded residential development
• Hotel asset management
• Commercial property operations

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Hotel Investment and Asset Management: RPG invests in, develops, and holds premium hotel and resort assets for long-term income generation through rental income, operating cash flows, and capital appreciation. The portfolio includes luxury and ultra-luxury assets in established markets, managed by premium operators.
2. Branded Residential Sales: Sale of luxury branded residences (The Residences at The St. Regis Jakarta) to domestic and international buyers. Revenue is generated through unit sales, with approximately 80% of units sold at The Residences at The St. Regis Jakarta as of October 2023. Interior collaborations with artisan brands add value to drive sales.
3. Hospitality Operations: Operating revenues from owned hotels and resorts across core portfolio (luxury/ultra-luxury: St. Regis Bali, The Laguna, St. Regis Langkawi, Four Seasons Jakarta, The Westin Langkawi, The St. Regis Jakarta) and growth portfolio (Novotel Lombok). Properties are managed by global operators such as Marriott, Accor, and Four Seasons.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Rajawali Property Group invests in, develops, and manages a portfolio of luxury and upscale hospitality, residential, and commercial real estate assets across Southeast Asia. The company owns and co-develops hotels and resorts operated under globally recognized brands (St. Regis, Four Seasons, Westin, Luxury Collection, Novotel), sells branded residential units, and operates commercial properties such as office towers and convention centers. Its integrated model spans investment, development, project management, and long-term asset management for institutional and high-net-worth investors.

Product overview

Rajawali Property Group is Indonesia's leading real estate investment and asset management company operating a diversified portfolio of hotels, resorts, residences, and commercial properties across Southeast Asia. The portfolio comprises two main investment categories: (1) Core Portfolio of luxury and ultra-luxury assets including The St. Regis Bali Resort, The Laguna Resort & Spa, The St. Regis Langkawi, Four Seasons Jakarta, The Westin Langkawi Resort & Spa, The St. Regis Jakarta, and Rajawali Place commercial tower; and (2) Growth Portfolio focusing on emerging destinations with Novotel Lombok Resort. Additionally, The Residences at The St. Regis Jakarta offers branded residential living, and Langkawi International Convention Centre provides event venues. The company operates through strategic partnerships with globally recognized hospitality brands including Marriott International, Accor, and Four Seasons Hotels & Resorts.

Differentiator

Problem solved

Functional benefit

Products and services

• The St. Regis Bali Resort A luxury beachfront resort located on the pristine beach of Nusa Dua in Bali, offering 81 suites and 42 villas on 9 hectares of lush gardens with a 3,668 sqm crystal blue lagoon. Features bespoke 24-hour Butler Service, three restaurant venues, two bars, Remede Spa, fitness center, and a Children's Learning Center for luxury travelers and families.
• The Laguna Resort & Spa A Luxury Collection resort in Nusa Dua, Bali, featuring 287 guest rooms, suites, and villas with panoramic Indian Ocean views and access to the world's first swimmable 5,000 square meter lagoon. Offers 24-hour Butler service, Lagoon Spa, fitness center, and diverse dining options for discerning travelers.
• The St. Regis Langkawi A 5-star luxury beachfront resort situated on Langkawi Island, featuring 85 suites and 4 over-water villas amidst centuries-old rainforest and the Andaman Sea. Includes six dining venues, signature St. Regis Butler Service, spa, pool, and luxury chauffeur limousine service for premium leisure travelers.
• Four Seasons Hotel Jakarta A luxury hotel in Jakarta featuring 125 all-luxury suites with panoramic city views, designed by Pelli Clarke Pelli Architects with interiors by Alexandra Champalmaud. Offers world-class spa, fitness, event facilities, and dynamic dining options for affluent business and leisure travelers.
• The Westin Langkawi Resort & Spa A beachfront resort on Langkawi Island with 202 luxurious guestrooms and suites featuring views of the Andaman Sea. Offers Private Pool Villas with infinity pools and the award-winning Heavenly Spa by Westin, the only Heavenly Spa in Malaysia, catering to family leisure and wellness travelers.
• The St. Regis Jakarta A luxury hotel in Jakarta's Golden Triangle offering 280 guestrooms and suites with four restaurants, 3,600 square meters of function space, a spa with six treatment rooms, fitness center, swimming pool, and signature 24-hour St. Regis Butler Service for business and leisure travelers.
• The Residences at The St. Regis Jakarta A branded residential property featuring 195 luxury apartments in three configurations: 3-bedroom Sky Residence (355-373 sqm), 4-bedroom Sky Villa (750 sqm), and Sky Palace (over 1,250 sqm). Offers exclusive concierge service, private garden pool, private dining, library lounge, fitness center, and access to St. Regis hotel facilities for affluent domestic and international buyers.
• Langkawi International Convention Centre (LICC) A world-class event venue offering a 1,200-person capacity ballroom, flexible meeting rooms, and expert event services in a stunning island setting near beaches and luxury resorts. Targets MICE (meetings, incentives, conferences, and exhibitions) and wedding events.
• Rajawali Place A prestigious 31-storey commercial office tower with 6 basement carpark levels, forming part of a mixed-use superblock development including the St. Regis Hotel and Residences. Features a blue-grey glass facade, Italian marble floors, and landscaping by Bill Bensley, targeting premium commercial tenants in Jakarta.
• Novotel Lombok Resort & Villas A 4-star resort located 19km from Lombok airport featuring 77 guestrooms and 25 villas in traditional Sasak style, designed for family holidays, romantic getaways, and domestic tourism targeting Indonesia's rising middle class.

Quantifiable outcome

• Over 30 years of experience and 11 hotel investments across Asia Pacific
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Marriott InternationalcoreChannel Partner/ Reseller/ DistributorMarriott International is an American multinational hospitality company managing, franchising, and licensing lodging brands under luxury, premium, and select-service options. Marriott operates nearly 9,500 properties in 144 countries and territories. Marriott manages multiple RPG-owned properties including The St. Regis Bali Resort, The St. Regis Jakarta, The St. Regis Langkawi, The Westin Langkawi, and The Laguna Resort & Spa (under The Luxury Collection brand). The partnership provides access to Marriott Bonvoy global loyalty program.
• Accor S.A.coreChannel Partner/ Reseller/ DistributorAccor S.A. is a French multinational hospitality company owning, managing, and franchising hotels, resorts, and vacation properties. It is the largest hospitality company in Europe and the sixth largest worldwide, operating 5,584 locations in over 110 countries. Accor manages Novotel Lombok Resort & Villas for RPG's growth portfolio, targeting the rising Indonesian middle-class market.
• Four Seasons Hotels and ResortscoreChannel Partner/ Reseller/ DistributorFour Seasons Hotels and Resorts is a Canadian luxury hotel and resort company headquartered in Toronto. It operates more than 100 hotels and resorts worldwide. Majority owned since 2007 by Bill Gates (Cascade Investment, 71.25%) and Prince Al-Waleed bin Talal (Kingdom Holding Company, 23.75%). Four Seasons operates Four Seasons Hotel Jakarta for RPG's core portfolio, a 125 all-luxury suite property with panoramic Jakarta skyline views.
• PT Permadani Khatulistiwa NusantaracoreStrategic or Co-development PartnerPT Permadani Khatulistiwa Nusantara is the joint venture entity responsible for developing The St. Regis Jakarta and The Residences at The St. Regis Jakarta. The project was developed through a joint venture between RPG and its partners, achieving topping-off in August 2020 and completion in June 2022. The JV is responsible for construction management, sales, and marketing of the residential units.
• Artisan Interior Brands (Agora, Bika Living, Vinoti Living, Magran Living, SANIHARTO, R8 Asia, Ku Casa, St. Regis Signature Collections)minorStrategic or Co-development PartnerRPG collaborated with multiple Indonesian artisan interior brands to furnish and market show units at The Residences at The St. Regis Jakarta. These collaborations provided potential buyers with complete FF&E (furniture, fixtures, and equipment) packages, eliminating design fees and saving time. The partnerships were part of a creative sales strategy to market lower-zone units and contributed to nearly 80% of units being sold.

Scale indicators6 records

Recent moves5 records

Expansion highlights6 records

Regional players

• Lippo Group / Lippo E-Net: Large Indonesian diversified conglomerate with significant property development, hotels (Aryaduta), and mixed-use real estate assets. Comparable to RPG as an Indonesian-headquartered hospitality and property group with luxury and mid-tier segments.
• Far East Organization: Singapore-based conglomerate with hospitality (Village Hotel, Orchard Hotel) and luxury residential/mixed-use developments. Comparable to RPG in integrated hospitality ownership, branded residences, and Asian luxury real estate positioning.
• Agung Sedayu Group: Indonesian property developer behind large mixed-use projects and hospitality assets in Jakarta, including partnerships with global hotel brands. Comparable to RPG in Indonesian luxury/mixed-use real estate development and brand-partnered hospitality.

Direct peers

• Shangri-La Asia: Hong Kong-listed owner/operator of luxury hotels and branded residences across Asia, with a similar model of investing in prime urban and resort locations and partnering with internal luxury brands. Comparable to RPG in luxury hospitality ownership, mixed-use developments, and Asian geographic exposure.
• Minor International (MINT): Thai-listed hospitality conglomerate owning/operating luxury hotels, resorts, and branded residences across Asia-Pacific (Anantara, AVANI, Four Seasons properties in some markets). Comparable to RPG in integrated hotel ownership, mixed luxury/value portfolio, and Southeast Asian luxury/resort focus.
• City Developments Limited (CDL): Singapore-listed real estate company with global luxury hotel ownership (Millennium, Copthorne, The Residence) and premium residential developments. Comparable to RPG in luxury hotel ownership and diversified real estate investment across Asia.
• Hongkong Land: Asia-based property investment and development group with luxury hotels, premium residences, and mixed-use commercial assets across Asian gateway cities. Comparable to RPG in luxury hospitality real estate ownership, prime-site strategy, and integrated investment/asset management.
• Banyan Tree Holdings: Singapore-listed luxury resort and branded-residence developer/operator in Asia, with an asset-light management model and branded residential product. Comparable to RPG in ultra-luxury resort positioning, branded residences (Banyan Tree Residences), and Southeast Asia footprint.
• Mandarin Oriental International: Hong Kong-listed owner/operator of luxury hotels in prime Asian gateway cities and resorts (Bali, Jakarta region). Comparable to RPG in luxury urban hotel ownership, group/brand distribution, and premium Asian traveler focus.

Others

• Kingdom Holding Company: Saudi conglomerate and majority co-owner of Four Seasons Hotels and Resorts with significant luxury hospitality investments globally. Comparable to RPG as a strategic investor in luxury hospitality and a counterparty in the Four Seasons partnership.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/rajawali-property-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries10 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 Rajawali Property Group