Tommy Soeharto’s GOLF delays luxury Bali hotel opening | IDNFinancials

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Tommy Soeharto’s GOLF delays luxury Bali hotel opening

IPO-funded premium hotel project targeted to open in 2H26.

[More Info!](https://www.idnfinancials.com/golf/pt-intra-golflink-resorts-tbk "GOLF - PT. Intra GolfLink Resorts Tbk")

JAKARTA - [PT Intra GolfLink Resorts Tbk (GOLF)](https://www.idnfinancials.com/golf), a tourism and recreation company owned by Hutomo Mandala Putra, also known as Tommy Soeharto, has postponed the planned operation of its Luxury Boutique Hotel being developed in Bali.

GOLF President Director Dwi Febri Astuti said the delay would not affect the company's plans regarding the use of proceeds from its Initial Public Offering (IPO).

As stated in the prospectus, GOLF planned to allocate IDR262.5 billion, or 67.32% of the IPO proceeds, for the construction of a six-star hotel called Luqury Boutique Hotel in Jimbaran, Bali. A further IDR43.7 billion, or 11.22%, was allocated for supporting facilities for the hotel.

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The project was initially targeted for completion in 2026, with operations scheduled to begin in August.