Ceramic producer Intikeramik Alamsari Industri (IKAI) will boost its hotel business by acquiring 3-4 hotels this year which costs for around Rp500 billion. In the second half (H2) of 2018, IKAI acquired three property firms with hotel business; PT Realindo Sapta Optima (in Ubud), PT Mahkota Artha Mas (Ubud), and PT Mahkota Properti Indo Medan in Medan.

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