Carlson Rezidor Hotel Group, one of the world's largest and most dynamic hotel management companies, today announces the signing of a joint venture agreement with Indonesia's Panorama Group that will accelerate Carlson Rezidor's portfolio growth in Indonesia. Under the agreement, 20 Radisson and Park Inn by Radisson hotels will be developed in Indonesia over the next seven years.
These hotels will be located in attractive tourist destinations and in top tier Indonesian cities including Jakarta, Bali, Surabaya and Yogyakarta, as well as emerging cities such as Manado, Makassar, Palembang and Medan.
A new joint venture management company called PT. Carlson Panorama Hospitality will be created and a representative office will be established in Jakarta. Carlson Rezidor will provide its hotel management expertise, worldwide sales and marketing support, as well as access to its distribution network, whilst Panorama Group will afford its local network and business expertise, co-operating business development, project acquisition and project developments.
Panorama Group has been in partnership with Carlson for 13 years, having signed a joint venture partnership in 1999 to establish Carlson Wagonlit Travel (CWT) in Indonesia. With its extensive experience and growing relentlessly from milestone to milestone for more than 40 years, Panorama Group always strives to serve its customers through a variety of quality products and services. Entering into another joint venture with Carlson, endorses Panorama's vision of becoming an industry leader in the markets and businesses that it enters.