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Menteng Heritage Realty Retains Operational Control of Hermitage Hotel After Asset Auction

PUBT·11/13/2026 13:25:05
Menteng Heritage Realty Retains Operational Control of Hermitage Hotel After Asset Auction
  • Menteng Heritage Realty received Hotel Menteng Jakarta's claim on November 12, 2026, to have won The Hermitage hotel's foreclosure auction.
  • The hotel's net book value was IDR 489.58 billion, representing 60% of total assets as of September 30, 2026.
  • The transaction will eliminate IDR 205.35 billion in Bank Mandiri debt through netting, with resulting losses borne by the company.
  • Operational control of The Hermitage remains with the company.
  • The company has agreed to settle all disputes with parties to its lawsuit, including Hotel Menteng Jakarta.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT Menteng Heritage Realty Tbk published the original content used to generate this news brief via Indonesia Stock Exchange (IDX) (Ref. ID: 32185527) on November 13, 2026, and is solely responsible for the information contained therein.