Jakarta. Indonesia’s leading tech-enabled hospitality and property management company, Kozystay, has teamed up with Japan’s Toda Group’s subsidiary, Toda Eksekutif Properties, to launch a new serviced residence in Menteng, one of Jakarta’s most prestigious and historic neighborhoods.

Branded as Rasamala & Cendana at Menteng, the development will transform more than 100 units within the Menteng Eksekutif Apartment into a modern hospitality offering designed for both leisure and business travelers. The first units will open in July 2025, with a full post-renovation rollout slated for the fourth quarter of the year.

"Menteng Eksekutif represents a new vision for hospitality, where the comfort of home meets technology and the curated service of a modern hotel. Our collaboration with Toda Group accelerates Kozystay’s mission to elevate urban hospitality standards across Indonesia," said Dane P., CEO of Kozystay.

A Smarter Way to Stay in Jakarta

This serviced residence introduces a new way to stay in Jakarta, where thoughtfully designed interiors, smart technology, and seamless service come together to offer comfort, flexibility, and style for both locals and expatriates, leisure and business stays, where guests can expect:

• Spacious, stylish suites ideal for both relaxation and productivity
• Smart digital locks and keyless entry for safety and convenience
• Dedicated workspaces built for business professionals and remote workers
• Contemporary interiors blending Jakarta’s heritage with modern aesthetics
• Premium amenities, from indoor and outdoor tennis courts to lifestyle facilities

A Location That Connects It All

Set in the heart of one of Jakarta’s most upscale neighborhoods, Menteng Eksekutif places you just moments from the CBD, embassy district, and the city's top spots for food, fashion, and culture; perfectly suited for both local and international guests seeking refined city living.

Partnership Built on Trust, Driven by Innovation

The collaboration between Toda Group and Kozystay brings together Toda’s over 140-year legacy of high-quality developments in Japan and globally with Kozystay’s innovative, tech-driven approach to hospitality. This partnership is designed to elevate guest experience while enhancing the long-term value and performance of the property.

The partnership reflects Toda Group’s commitment to collaborating with operators who meet the highest standards in both hospitality and asset performance. Kozystay’s proven expertise and aligned vision make this project a promising step toward redefining modern living in Jakarta.

Ryu Kuge, Director of Toda Group, expressed confidence in the collaboration ''In this valuable opportunity, we give our trust to Kozystay to be the operator in charge to manage our property, as an accommodation suitable for a broad range of guests with business and leisure purposes. Relying on Kozystay’s smart technology, seamless service and deep hospitality expertise, we are confident that our property is in the right hands to provide even better services moving forward.''

Smarter Hospitality for Owners and Guests

Kozystay’s tech-enabled operating model combines design, hospitality, and digital infrastructure to deliver high efficiency, optimized occupancy, and consistently elevated guest experiences. For property owners and investors, this translates into stronger and more stable returns through:

• Seamless guest experience with self-check-in/out and web app integration

• Advanced distribution tailored for the extended-stay market
• Real-time pricing optimization to maximize occupancy and revenue
• Higher income potential compared to traditional long-term rentals

Operating in Jakarta, Bali, and Bandung, Kozystay continues to partner with property developers to unlock greater value for assets while delivering modern, design-forward accommodations to guests. Kozystay is also a partner of Homes & Villas by Marriott Bonvoy, enabling global reach and loyalty benefits.

Kozystay is Indonesia’s leading tech-enabled hospitality and property management company, managing premium apartments, villas, and aparthotels across the country. Founded with the vision of combining the consistency of hotels with the authenticity of alternative accommodations, Kozystay leverages technology, design, and operational excellence to deliver elevated guest experiences while maximizing value for property owners.

PT. Toda Eksekutif Properties is a subsidiary of Toda Corporation, a prominent Japanese construction company with over a century of global experience. The company aims to promote real estate projects, generating investment and contract opportunities. Currently, they own three properties and engage in the real estate leasing business as well as development projects in Jakarta. Their commitment to excellence, sustainability, and innovation continues to shape the future of urban living across the region.

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