PT Bakrieland Development Tbk (Bakrieland) through PT Mutiara Masyhur Sejahtera (MMS) has acquired PT Graha Istana Nirwana (GIN), the owner of Aston Sidoarjo City Hotel & Conference Center (Aston Sidoarjo), through a debt-to-equity conversion. The amount of debt converted reaches Rp93.6 billion. With this conversion, Bakrieland, through MMS, owns 100% of GIN's shares. With this acquisition, Bakrieland portfolio owns six hotels.