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        	  Aston has signed a favehotel in Bogor, 
			  Indonesia. 
			  The new select service hotel will open in June 2012 and 
			  be adjacent to Bogor’s busiest mall, Botani Square. The 2-star 
			  hotel will feature 135 guest rooms and family suites, a café shop 
			  and 6 meeting rooms to serve the mid week meeting and conference 
			  market out of Jakarta. 
			  Aston International’s Vice President of 
			  Sales & Marketing, Mr. Norbert Vas, said, “Since its 
			  inception in 2009, favehotel has developed into the undisputed 
			  lead brand for budget hotels in Indonesia and afar. The hotels 
			  currently in operation are running occupancies in the high 
			  ninety’s and are delivering fantastic financial returns while at 
			  the same time getting positive reviews from customers. The brand 
			  is positioned to play a dominant role in SE Asia and appeals to a 
			  wide range of travelers making it a safe bet for hotel developers. 
			  Jakarta already has 3 faves under construction and plenty of room 
			  for more while other larger cities such as Jogjakarta, Surabaya 
			  and Solo will also have multiple faves. Bali alone, with its 
			  growing regional demand for international standard budget hotels, 
			  has already five favehotels on the drawing board and further faves 
			  are being built in Tangerang, Serpong, Makassar, Langkawi – 
			  Malaysia and Alabang – Philippines.” 
			  There are currently 2 favehotels in 
			  operation in Denpasar, Bali and Surabaya and another 15 under 
			  development with the next opening scheduled for April 2011 in Seminyak, 
			  Bali.
  
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