Radisson Hotel Group and Panorama Group End JV Partnership in Indonesia

Thu, 20 Dec 2018

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Radisson Hotel Group and Panorama Group End JV Partnership in Indonesia

Radisson Hotel Group (formerly Carlson Rezidor Hotel Group, a subsidiary of Carlson Group) and Panorama Group have confirmed plans to conclude their Indonesian joint venture partnership, PT Carlson Panorama Hospitality, and pursue independent growth.

The group signed a strategic partnership with Panorama Group in 2013, leading to the creation of a joint venture hotel management company in Indonesia. Radisson Hotel Group will now acquire its partner’s stake in PT Carlson Panorama Hospitality, giving it full control of the venture.

Radisson Blu Bali Uluwatu. Click to enlarge.

With 46 years of experience and more than 100 offices, Panorama Group is one of Indonesia’s leading tourism companies. The conglomerate first linked up with Carlson Group in 1999 as part of a joint venture agreement to establish Carlson Wagonlit Travel (CWT) in Indonesia.

“Our partnership has seen the expansion of our footprint across the Indonesian archipelago, establishing our brands in important markets,” said Katerina Giannouka, President, Asia Pacific, Radisson Hotel Group. “Panorama Group is one of Indonesia’s leading tourism companies and we intend to retain a strong working relationship with the Group.”

Radisson Hotel Group currently operates three hotels in Indonesia: Radisson Blu Bali Uluwatu (pictured), Radisson Golf & Convention Center Batam and Radisson Medan. Radisson Lampung is slated to open in Q2 2019.

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