ARTOTEL Group formed a joint venture with PT Bumi Serpong Damai Tbk to establish a joint company with the name of PT SINAR ARTOTEL INDONESIA (PT SAI). Both companies involved in the transaction are based in Indonesia. The joint venture cooperation aims to manage Rooms Inc, a hotel brand initially created and owned by SINAR MAS LAND. Following the transaction, Rooms Inc. will become one of ARTOTEL Group's brand portfolios to offer hotel investors interested to have their properties managed by ARTOTEL Group as the management operator.