As an Investment Company, the Company currently has a subsidiary, PT. Serasi Tunggal Mandiri Cemerlang (“STMC”) which is a company engaged in the field of hospitality industry located in Surabaya. The reason for choosing Surabaya is because this city is one of the big industrial areas in Indonesia that acts as the center of economic activity in eastern Indonesia. As one of the promising commercial cities in Indonesia, Surabaya is the second business destination after Jakarta. The pace of development in Surabaya is also increasing as the Middle East Ring Road operates. Road connecting north-south on the east side of Surabaya is useful to break down congestion and equity of urban development.
The Company builds its hotel in Gayungan area near its industrial area (Rungkut). This is to accommodate the needs of workers and guests around the company Rungkut. In addition, with the hotel in this area can also serve as a meeting location of several companies.