Ascott buys majority stake in Indonesian hotel operator Tauzia
Singapore based serviced residences operator Ascott has invested nearly $US26 million in a majority stake for Indonesia’s Tauzia Hotels.
Ascott will take a 70% stake in Tauzia’s holding company Green Oak Hotel Management.
Tauzia is one of Indonesia’s largest home grown hotel operators and has a presence in major business and leisure destinations including Jakarta, Bali, Bandung, Surabaya and Yogyakarta.
"While Ascott’s serviced residences continue to see strong demand from expatriates and corporate travellers, we can capitalise on significant opportunities in the middle-class business hotel segment, which is expanding at an unprecedented rate," said Ascott chief executive officer Kevin Goh.
"With our investment in Tauzia, we look forward to accessing this market, which is one of the fastest-growing segments of the hotel industry."
Following the Tauzia deal completion, Ascott’s portfolio will increase to 94,000 accommodation units globally.
Tauzia has half a dozen business focused and lifestyle brands including Harris Hotels and POP! Hotels..
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
Qatar Airways offers reduced timetable to over 60 destinations
Hands In, UATP join forces for airline multi-card payments
AirlineRatings reveals world's safest airline rankings for 2026
Vietnam warns airlines of possible flight reductions amid jet fuel shortages
Fliggy opens AI-powered travel bookings and developer tools