Avillion says hotel unit holds beneficial ownership of Villa Cinta
Bitget2026/11/05 09:42- Avillion clarified on November 5, 2026, that Avillion Hotel Group (AHG) maintains it owns all beneficial interests in Villa Cinta.
- AHG advanced IDR 29 billion to the registered titleholder under a March 18, 2013, acquisition loan with no unilateral repayment right.
- An Indonesian legal opinion dated May 19, 2026, concluded AHG is Villa Cinta's beneficial owner.
- AHG notified the titleholder on January 30, 2026, of its intention to sell Villa Cinta.
- Hotel operator PTAI disputed the titleholder's claims on October 29, 2026, responding to an October 13, 2026, solicitors' letter.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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