This Jakarta high-rise will get Indonesia's first Park Hyatt Hotel

(Park Hyatt Jakarta)

Indonesia's hotel scene keeps getting better. Just last month, we reported that 10 Australian companies were interested in investing $4-$5 billion in the country

Today, PT MNC Land and Hyatt Hotels Corporation announced plans for the first Park Hyatt hotel in Indonesia. Expected to open in the first half of 2018, the new Park Hyatt Jakarta will be located in the heart of Jakarta at the MNC Center in Kebon Sirih. 

The Park Hyatt Jakarta will take up the top 20 floors of the 37 floor mixed-use building development by MNC Land.

RELATED: Want to learn more about Indonesia's hotel scene? Check out the Hotel Management Indonesia Summit.

“We are thrilled to have the chance to work with MNC Land, one of the largest property developers in Indonesia, to introduce a new personalized luxury experience to this dynamic city,” David Udell, group president – ASPAC, Hyatt, said in a statement.

Park Hyatt Jakarta will join the four existing Hyatt-branded hotels in Indonesia: Grand Hyatt Jakarta, Grand Hyatt Bali, Hyatt Regency Yogyakarta and Hyatt Regency Bali, which is currently undergoing a renovation.