Jayakarta Hotel Operator Sells Bali Land Plot in Benoa for IDR 70.1 Billion
PT Pudjiadi & Sons Tbk (PNSE), operator of Jayakarta Hotel & Resorts, has sold a 18,693 square meter land plot (Block B) in Benoa, Bali, for IDR 70.1 billion through its subsidiary. The remaining payment was completed on October 26, 2026, and the company plans to use the proceeds for new investments and business diversification.
PT Pudjiadi & Sons Tbk (stock code: PNSE), the company behind Jayakarta Hotel & Resorts, has disclosed the sale of a land asset in Bali. The transaction was carried out by its subsidiary PT Bali Realtindo Benoa (BRB), which is 99.99% owned by PNSE, with PT Berkat Benoa Propertindo (BBP) as the buyer.
The land involved is the Block B plot in the Benoa area, covering approximately 18,693 square meters, with a total transaction value of IDR 70.1 billion. This sale forms part of a larger land transfer agreement covering 42,644 square meters, originally agreed on August 7, 2025. The agreement was later amended through a conditional sale and purchase amendment on October 26, 2026, and the remaining payment of IDR 63.57 billion for the Block B land was completed on that date, according to the company's disclosure to the Indonesia Stock Exchange (BEI).
The transferred land consists of eight plots holding Building Use Rights (HGB) status, with individual plot sizes ranging from 384 to 9,485 square meters. The largest plot, at 9,485 square meters, accounted for the biggest portion of the transaction value at IDR 35.57 billion.
PNSE management indicated that proceeds from the sale may be used to support new investments and diversify into business sectors considered more profitable. This transaction is a corporate real estate deal between businesses, and there is currently no indication of direct changes to hotel operations or existing facilities.
Things to Consider
This report concerns a business-to-business land transaction and has no direct impact on the travel plans or daily life of tourists or residents in Bali. However, those considering property investment or land purchases in Bali should note that land rights status (such as HGB/Building Use Rights) and contract terms can change during negotiations, as seen in this case, and should always verify land titles and review contracts through a licensed local lawyer or notaris (notary) before proceeding.
Source: Suara Independent News