Indonesia’s ARTOTEL eyes new ticket to growth with overseas expansion, IPO

Indonesia-based hotel chain ARTOTEL Group, which proved to be an outlier in the hospitality industry post-pandemic, is charting a new growth path, according to a top executive.

Flush with funds and with COVID restrictions easing, the group plans to expand its overseas presence while consolidating its brand back home and kickstarting preparations for an initial public offering in a year or two, ARTOTEL Group founder and CEO Erastus Radjimin told DealStreetAsia in an interview.

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