Data Investasi Diket Alt 1 Alt 2

Harga Sewa Non Suite Rp 850,000

Harga Sewa Suite Rp 1,500,000
Pendapatan Lain-lain 200.00%
Occupancy Rate 53.00% 60.00%
Jumlah Kamar Non Suite 30.00 65.00
Jumlah Kamar Suite 100.00 65.00
Jumlah hari / tahun 360.00
Biaya Ops & Perawatan 60.00%

Biaya Investasi Rp 120,000,000,000 Rp 80,000,000,000

Modal 70.00%
Pinjaman 30.00%
Interest Rate 12.00%
Safe Rate 6.00%
Risiko Investasi 9.00% 6.00%
Cicilan Fix Amount
Durasi Pinjaman (tahun) 3.00
Capitalization Rate 6.50%
Risk Premium 4.00%
Tax Benefit 1.50%

Biaya Operasional/ Tahun

Alt 1 Alt 2
KAMAR SUITE Rp 28,620,000,000 Rp 21,060,000,000
NON SUITE Rp 4,865,400,000 Rp 11,934,000,000
TOTAL PENDAPATAN KAMAR Rp 33,485,400,000 Rp 32,994,000,000
TOTAL PENDAPATAN LAIN Rp 66,970,800,000 Rp 65,988,000,000
OPERASIONAL/TAHUN Rp 100,456,200,000 Rp 98,982,000,000
 ALT 1 Occupancy Rate : 53%
Tahun ke
No
Keterangan 0
1
2 Cost of Capital (i) loan
3 Cost of Capital (i) equity 1
4 MARR (WACC) Investasi 1
5 Biaya Investasi -Rp 120,000,000,000
6 Penerimaan Pinjaman -Rp 36,000,000,000
7 Pembayaran Pinjaman
8 Penerimaan Operasional
9 Biaya Operasional
10 Terminal Value
11 Net Cash Flow -Rp 120,000,000,000
12 Discount Factor (i) 1
13 DCF (PV) arus kas terdiskon -Rp 120,000,000,000
14 NPV (Net Present Value) Rp
IL
14 IRR (Internal Rate of Return) IU
29

ALT 2 Occupancy Rate : 60%

Tahun ke
No
Keterangan 0
1
2 Cost of Capital (i) loan
3 Cost of Capital (i) equity 1
4 MARR (WACC) Investasi 12
5 Biaya Investasi -Rp 80,000,000,000
6 Penerimaan Pinjaman -Rp 24,000,000,000
7 Pembayaran Pinjaman
8 Penerimaan Operasional
9 Biaya Operasional
10 Terminal Value
11 Net Cash Flow -Rp 80,000,000,000
12 Discount Factor (i) 1
13 DCF (PV) arus kas terdiskon -Rp 80,000,000,000
14 NPV (Net Present Value) Rp
IL
15 IRR (Internal Rate of Return) IU
54
ALT 1 Occupancy Rate : 53%
Tahun ke
1 2 3

12%
15.0%
14.1%

-Rp 16,320,000,000 -Rp 16,320,000,000 -Rp 16,320,000,000

Rp 100,456,200,000 Rp 100,456,200,000 Rp 100,456,200,000
-Rp 60,273,720,000 -Rp 60,273,720,000 -Rp 60,273,720,000
Rp 265,138,666,667
Rp 23,862,480,000 Rp 23,862,480,000 Rp 289,001,146,667
0.893 0.797 0.712
Rp 21,305,785,714 Rp 19,023,022,959 Rp 205,705,307,793
126,034,116,466
29.895% NPVL - 26,808.12
29.89% NPVU 2,388.17
29.895%

ALT 2 Occupancy Rate : 60%

Tahun ke
1 2 3

12%
12.0%
12.00%

-Rp 10,880,000,000.00 -Rp 10,880,000,000.00 -Rp 10,880,000,000.00

Rp 98,982,000,000 Rp 98,982,000,000 Rp 98,982,000,000
-Rp 59,389,200,000.00 -Rp 59,389,200,000.00 -Rp 59,389,200,000.00
Rp 319,031,111,111.11
Rp 28,712,800,000.00 Rp 28,712,800,000.00 Rp 347,743,911,111.11
0.893 0.797 0.712
Rp25,636,428,571 Rp22,889,668,367 Rp247,517,247,226
216,043,344,165
54.723% NPVL - 1.51
54.72% NPVU 19.98
54.723%
Tahun Cashflow Alt A Cashflow Alt B Selisih A - B
0 -Rp 120,000,000,000 -Rp 80,000,000,000 Rp 40,000,000,000
1 Rp 23,862,480,000 Rp 28,712,800,000.00 Rp 4,850,320,000.00
2 Rp 23,862,480,000 Rp 28,712,800,000.00 Rp 4,850,320,000.00
3 Rp 289,001,146,667 Rp 347,743,911,111.11 Rp 58,742,764,444.44
IRR 30% 55% 25%

alt 1 alt 2 Alt 2-1

Investasi -Rp 120,000,000,000 -Rp 80,000,000,000 Rp 40,000,000,000
Annual Income Rp 23,862,480,000 Rp 28,712,800,000.00 Rp 4,850,320,000
Disc Factor
 Data Investasi Diket Alt 1 Alt 2
Harga Sewa Non Suite Rp 850,000
Harga Sewa Suite Rp 1,500,000
Pendapatan Lain-lain 200.00%
Occupancy Rate 53.00% 60.00%
Jumlah Kamar Non Suite 30.00 65.00
Jumlah Kamar Suite 100.00 65.00
Jumlah hari / tahun 360.00
Biaya Ops & Perawatan 60.00%

Biaya Investasi Rp 120,000,000,000 Rp 80,000,000,000

Modal 70.00%
Pinjaman 30.00%
Interest Rate 12.00%
Safe Rate 6.00%
Risiko Investasi 9.00% 6.00%
Cicilan Fix Amount
Durasi Pinjaman (tahun) 3.00
Capitalization Rate 6.50%
Risk Premium 4.00%
Tax Benefit 1.50%

Biaya Operasional/ Tahun

Alt 1 Alt 2
KAMAR SUITE Rp 28,620,000,000 Rp 21,060,000,000
NON SUITE Rp 4,865,400,000 Rp 11,934,000,000
TOTAL PENDAPATAN KAMAR Rp 33,485,400,000 Rp 32,994,000,000
TOTAL PENDAPATAN LAIN Rp 66,970,800,000 Rp 65,988,000,000
OPERASIONAL/TAHUN Rp 100,456,200,000 Rp 98,982,000,000
 ALT 1 Occupancy Rate : 53%
Tahun ke
No
Keterangan 0
1
2 Cost of Capital (i) loan 12%
3 Cost of Capital (i) equity 15.0%
4 MARR (WACC) Investasi 14.1%
5 Biaya Investasi -Rp 120,000,000,000
6 Penerimaan Pinjaman -Rp 36,000,000,000
7 Pembayaran Pinjaman
8 Penerimaan Operasional
9 Biaya Operasional
10 Terminal Value
11 Net Cash Flow -Rp 120,000,000,000
12 Discount Factor (i) 1
13 DCF (PV) arus kas terdiskon -Rp 120,000,000,000
14 NPV (Net Present Value) -Rp
IL
14 IRR (Internal Rate of Return) IU
29.895

ALT 2 Occupancy Rate : 60%

Tahun ke
No
Keterangan 0
1
2 Cost of Capital (i) loan 12%
3 Cost of Capital (i) equity 12.0%
4 MARR (WACC) Investasi 12.00
5 Biaya Investasi -Rp 80,000,000,000
6 Penerimaan Pinjaman -Rp 24,000,000,000
7 Pembayaran Pinjaman
8 Penerimaan Operasional
9 Biaya Operasional
10 Terminal Value
11 Net Cash Flow -Rp 80,000,000,000
12 Discount Factor (i) 1
13 DCF (PV) arus kas terdiskon -Rp 80,000,000,000
14 NPV (Net Present Value) -Rp
IL
15 IRR (Internal Rate of Return) IU
54.723
ALT 1 Occupancy Rate : 53%
Tahun ke
1 2 3

12%
15.0%
14.1%

-Rp 16,320,000,000 -Rp 16,320,000,000 -Rp 16,320,000,000

Rp 100,456,200,000 Rp 100,456,200,000 Rp 100,456,200,000
-Rp 60,273,720,000 -Rp 60,273,720,000 -Rp 60,273,720,000

Rp 23,862,480,000 Rp 23,862,480,000 Rp 23,862,480,000

0.893 0.797 0.712
Rp 21,305,785,714 Rp 19,023,022,959 Rp 16,984,841,928
62,686,349,399
29.895% NPVL - 26,808.12
29.895% NPVU 2,388.17
29.895%

ALT 2 Occupancy Rate : 60%

Tahun ke
1 2 3

12%
12.0%
12.00%

-Rp 10,880,000,000.00 -Rp 10,880,000,000.00 -Rp 10,880,000,000.00

Rp 98,982,000,000 Rp 98,982,000,000 Rp 98,982,000,000
-Rp 59,389,200,000.00 -Rp 59,389,200,000.00 -Rp 59,389,200,000.00

Rp 28,712,800,000.00 Rp 28,712,800,000.00 Rp 28,712,800,000.00

0.893 0.797 0.712
Rp25,636,428,571 Rp22,889,668,367 Rp20,437,203,899
11,036,699,162
54.72% NPVL - 1.51
54.72% NPVU 19.98
54.723%
 Data Investasi Diket Alt 1 Alt 2
Harga Sewa Non Suite Rp 850,000
Harga Sewa Suite Rp 1,500,000
Pendapatan Lain-lain 200.00%
Occupancy Rate 53.00% 60.00%
Jumlah Kamar Non Suite 30.00 65.00
Jumlah Kamar Suite 100.00 65.00
Jumlah hari / tahun 360.00
Biaya Ops & Perawatan 60.00%

Biaya Investasi Rp 120,000,000,000 Rp 80,000,000,000

Modal 70.00%
Pinjaman 30.00%
Interest Rate 29.895%
Safe Rate 6.00%
Risiko Investasi 9.00% 6.00%
Cicilan Fix Amount
Durasi Pinjaman (tahun) 3.00
Capitalization Rate 6.50%
Risk Premium 4.00%
Tax Benefit 1.50%

Biaya Operasional/ Tahun

Alt 1 Alt 2
KAMAR SUITE Rp 28,620,000,000 Rp 21,060,000,000
NON SUITE Rp 4,865,400,000 Rp 11,934,000,000
TOTAL PENDAPATAN KAMAR Rp 33,485,400,000 Rp 32,994,000,000
TOTAL PENDAPATAN LAIN Rp 66,970,800,000 Rp 65,988,000,000
OPERASIONAL/TAHUN Rp 100,456,200,000 Rp 98,982,000,000
 ALT 1 Occupancy Rate : 70%
Tahun ke
No
Keterangan 0
1
2 Cost of Capital (i) loan 30%
3 Cost of Capital (i) equity 15.0%
4 MARR (WACC) Investasi 19.5%
5 Biaya Investasi Rp 120,000,000,000
6 Penerimaan Pinjaman Rp 36,000,000,000
7 Pembayaran Pinjaman
8 Penerimaan Operasional
9 Biaya Operasional
10 Terminal Value
11 Net Cash Flow Rp 120,000,000,000
12 Discount Factor (i) 1
13 DCF (PV) arus kas terdiskon Rp 120,000,000,000
14 NPV (Net Present Value) -Rp
IL
14 IRR (Internal Rate of Return) IU
#DIV/0!

Rp 258,923,272,898

Rp
ALT 1 Occupancy Rate : 70%
Tahun ke
1 2 3

30%
15.0%
19.5%

Rp 22,762,137,720 Rp 22,762,137,720 Rp 22,762,137,720

Rp 100,456,200,000 Rp 100,456,200,000 Rp 100,456,200,000
Rp 60,273,720,000 Rp 60,273,720,000 Rp 60,273,720,000
Rp 193,559,358,667
Rp 17,420,342,280 Rp 17,420,342,280 Rp 210,979,700,947
0.770 0.593 0.456
Rp 13,411,113,192 Rp 10,324,593,752 Rp 96,264,266,248
26,808
NPVL
NPVU
#DIV/0!

-
 Data Investasi Diket Alt 1 Alt 2
Harga Sewa Non Suite Rp 850,000
Harga Sewa Suite Rp 1,500,000
Pendapatan Lain-lain 200.00%
Occupancy Rate 53.00% 60.00%
Jumlah Kamar Non Suite 30.00 65.00
Jumlah Kamar Suite 100.00 65.00
Jumlah hari / tahun 360.00
Biaya Ops & Perawatan 60.00%

Biaya Investasi Rp 120,000,000,000 Rp 80,000,000,000

Modal 70.00%
Pinjaman 30.00%
Interest Rate 29.895%
Safe Rate 6.00%
Risiko Investasi 9.00% 6.00%
Cicilan Fix Amount
Durasi Pinjaman (tahun) 3.00
Capitalization Rate 6.50%
Risk Premium 4.00%
Tax Benefit 1.50%

Biaya Operasional/ Tahun

Alt 1 Alt 2
KAMAR SUITE Rp 28,620,000,000 Rp 21,060,000,000
NON SUITE Rp 4,865,400,000 Rp 11,934,000,000
TOTAL PENDAPATAN KAMAR Rp 33,485,400,000 Rp 32,994,000,000
TOTAL PENDAPATAN LAIN Rp 66,970,800,000 Rp 65,988,000,000
OPERASIONAL/TAHUN Rp 100,456,200,000 Rp 98,982,000,000
 ALT 1 Occupancy Rate : 70%
Tahun ke
No
Keterangan 0
1
2 Cost of Capital (i) loan 30%
3 Cost of Capital (i) equity 15.0%
4 MARR (WACC) Investasi 19.5%
5 Biaya Investasi Rp 120,000,000,000
6 Penerimaan Pinjaman Rp 36,000,000,000
7 Pembayaran Pinjaman
8 Penerimaan Operasional
9 Biaya Operasional
10 Terminal Value
11 Net Cash Flow Rp 120,000,000,000
12 Discount Factor (i) 1
13 DCF (PV) arus kas terdiskon Rp 120,000,000,000
14 NPV (Net Present Value) Rp
IL
14 IRR (Internal Rate of Return) IU
#DIV/0!
ALT 1 Occupancy Rate : 70%
Tahun ke
1 2 3

30%
15.0%
19.5%

Rp 22,762,135,603 Rp 22,762,135,603 Rp 22,762,135,603

Rp 100,456,200,000 Rp 100,456,200,000 Rp 100,456,200,000
Rp 60,273,720,000 Rp 60,273,720,000 Rp 60,273,720,000
Rp 193,559,382,187
Rp 17,420,344,397 Rp 17,420,344,397 Rp 210,979,726,583
0.770 0.593 0.456
Rp 13,411,115,429 Rp 10,324,595,941 Rp 96,264,291,018
2,388
NPVL
NPVU
#DIV/0!
 Data Investasi Diket Alt 1 Alt 2
Harga Sewa Non Suite Rp 850,000
Harga Sewa Suite Rp 1,500,000
Pendapatan Lain-lain 200.00%
Occupancy Rate 70.00% 60.00%
Jumlah Kamar Non Suite 30.00 65.00
Jumlah Kamar Suite 100.00 65.00
Jumlah hari / tahun 360.00
Biaya Ops & Perawatan 60.00%

Biaya Investasi Rp 120,000,000,000 Rp 80,000,000,000

Modal 70.00%
Pinjaman 30.00%
Interest Rate 54.72%
Safe Rate 6.00%
Risiko Investasi 9.00% 6.00%
Cicilan Fix Amount
Durasi Pinjaman (tahun) 3.00
Capitalization Rate 6.50%
Risk Premium 4.00%
Tax Benefit 1.50%

Biaya Operasional/ Tahun

Alt 1 Alt 2
KAMAR SUITE Rp 37,800,000,000 Rp 21,060,000,000
NON SUITE Rp 6,426,000,000 Rp 11,934,000,000
TOTAL PENDAPATAN KAMAR Rp 44,226,000,000 Rp 32,994,000,000
TOTAL PENDAPATAN LAIN Rp 88,452,000,000 Rp 65,988,000,000
OPERASIONAL/TAHUN Rp 132,678,000,000 Rp 98,982,000,000
 ALT 2 Occupancy Rate : 60%
Tahun ke
No
Keterangan 0 1
1
2 Cost of Capital (i) loan 55%
3 Cost of Capital (i) equity 12.0%
4 MARR (WACC) Investasi 24.82%
5 Biaya Investasi Rp80,000,000,000
6 Penerimaan Pinjaman Rp24,000,000,000
7 Pembayaran Pinjaman Rp21,133,452,802
8 Penerimaan Operasional Rp 98,982,000,000
9 Biaya Operasional Rp 59,389,200,000.00
10 Terminal Value
11 Net Cash Flow Rp80,000,000,000 Rp 18,459,347,197.60
12 Discount Factor (i) 1 0.646
13 DCF (PV) arus kas terdiskon Rp80,000,000,000 Rp11,930,598,943
14 NPV (Net Present Value)
IL
15 IRR (Internal Rate of Return) IU
#DIV/0!
 : 60%
ke
2 3

55%
12.0%
24.82%

Rp21,133,452,802 Rp21,133,452,802
Rp 98,982,000,000 Rp 98,982,000,000
Rp 59,389,200,000.00 Rp 59,389,200,000.00
Rp 205,103,857,751.11
Rp 18,459,347,197.60 Rp 223,563,204,948.71
0.418 0.270
Rp7,710,954,760 Rp60,358,446,296
-Rp2
NPVL
NPVU
#DIV/0!
 Data Investasi Diket Alt 1 Alt 2
Harga Sewa Non Suite Rp 850,000
Harga Sewa Suite Rp 1,500,000
Pendapatan Lain-lain 200.00%
Occupancy Rate 70.00% 60.00%
Jumlah Kamar Non Suite 30.00 65.00
Jumlah Kamar Suite 100.00 65.00
Jumlah hari / tahun 360.00
Biaya Ops & Perawatan 60.00%

Biaya Investasi Rp 120,000,000,000 Rp 80,000,000,000

Modal 70.00%
Pinjaman 30.00%
Interest Rate 54.72%
Safe Rate 6.00%
Risiko Investasi 9.00% 6.00%
Cicilan Fix Amount
Durasi Pinjaman (tahun) 3.00
Capitalization Rate 6.50%
Risk Premium 4.00%
Tax Benefit 1.50%

Biaya Operasional/ Tahun

Alt 1 Alt 2
KAMAR SUITE Rp 37,800,000,000 Rp 21,060,000,000
NON SUITE Rp 6,426,000,000 Rp 11,934,000,000
TOTAL PENDAPATAN KAMAR Rp 44,226,000,000 Rp 32,994,000,000
TOTAL PENDAPATAN LAIN Rp 88,452,000,000 Rp 65,988,000,000
OPERASIONAL/TAHUN Rp 132,678,000,000 Rp 98,982,000,000
 ALT 2 Occupancy Rate : 60%
Tahun ke
No
Keterangan 0 1
1
2 Cost of Capital (i) loan 55%
3 Cost of Capital (i) equity 12.0%
4 MARR (WACC) Investasi 24.82%
5 Biaya Investasi Rp80,000,000,000
6 Penerimaan Pinjaman Rp24,000,000,000
7 Pembayaran Pinjaman Rp21,133,452,800
8 Penerimaan Operasional Rp 98,982,000,000
9 Biaya Operasional Rp 59,389,200,000.00
10 Terminal Value
11 Net Cash Flow Rp80,000,000,000 Rp 18,459,347,199.76
12 Discount Factor (i) 1 0.646
13 DCF (PV) arus kas terdiskon Rp80,000,000,000 Rp11,930,598,945
14 NPV (Net Present Value)
IL
15 IRR (Internal Rate of Return) IU
#DIV/0!
 : 60%
ke
2 3

55%
12.0%
24.82%

Rp21,133,452,800 Rp21,133,452,800
Rp 98,982,000,000 Rp 98,982,000,000
Rp 59,389,200,000.00 Rp 59,389,200,000.00
Rp 205,103,857,775.11
Rp 18,459,347,199.76 Rp 223,563,204,974.87
0.418 0.270
Rp7,710,954,761 Rp60,358,446,314
Rp20
NPVL
NPVU
#DIV/0!