JLL Advises PT Putragaya Wahana and Abu Dhabi Fund for Development on Landmark Investment in the Waldorf Astoria Jakarta

JAKARTA, 25 March 2026 – JLL, a leading global commercial real estate and investment management firm, has successfully advised on a landmark investment for the Waldorf Astoria Jakarta, bringing the world-renowned luxury brand to Indonesia's capital for the first time. Leveraging its integrated global platform and deep local market expertise, JLL advised PT Putragaya Wahana in securing investment from an affiliate of Abu Dhabi Fund for Development (ADFD), demonstrating the firm's unmatched ability to execute complex cross-border hospitality transactions.

Set to open in 2027 as the capstone of the Autograph Tower within Thamrin Nine, the Waldorf Astoria Jakarta will redefine the city's luxury hospitality landscape. The ground-breaking mixed-use superblock integrates luxury offices, prestigious hotels, serviced residences, and lifestyle amenities into one commanding destination.

The property leverages distinctive features to establish leadership in Jakarta's competitive luxury market: Indonesia's highest observation deck, a double-tiered ballroom poised to become one of the city's largest hotel event spaces, and panoramic views that will reshape Jakarta's skyline. These premium amenities position the hotel as the capital's premier choice for discerning travelers and Indonesia's thriving MICE sector.

"This transaction demonstrates JLL's integration of deep-rooted relationships with specialized hospitality expertise to execute complex cross-border investments,” said Jacintha Tabalujan Herzog, Head of JLL Indonesia Capital Markets and Senior Director Southeast Asia Capital Markets. “Our engagement with PT Putragaya Wahana, combined with the strength of our global capital markets platform, enabled us to facilitate this investment joint venture that will bring the prestigious Waldorf Astoria to Jakarta. The commitment from a fund of ADFD's caliber represents a significant milestone for Indonesia's real estate sector.”

“This transaction is built on years of cultivating deep relationships across the Middle East investment community, from private family offices to sovereign funds. The strong collaboration between our Indonesia and Hotels teams was essential to bringing this partnership together. Middle Eastern investors have substantial appetite for premium hospitality assets in Indonesia and Southeast Asia, and that interest continues to strengthen. Based on what we're seeing in our pipeline, we expect this momentum to accelerate significantly” said Julien Naouri, Head of Investment Sales, Asia at JLL Hotels & Hospitality Group.

This transaction underscores Indonesia's strengthening economic partnerships across the UAE and broader GCC region. With robust bilateral relations creating a foundation of trust and collaboration, we anticipate accelerated cross-border investment activity and increasingly significant transactions flowing into Indonesia's hospitality and broader real estate sectors.