Diketahui

Jumlah lantai 14 Jumlah Hr 365 Jumlah bulan 12

Luas Lt 1 1,250 Jenis Kamar
Lantai Shopping Arcade
Luas Lt 2-14 1,000 Standar Superior Suite President Suite
Biaya renovasi 1 6
Akhir Th. 1 27,000,000,000 2 s/d 10 30
Akhir Th. 2 32,000,000,000 11 s/d 13 25
Jk wkt renov 2 tahun 14 6 2
Kenaikan biaya 9% per thn
Kenaikan NP 11% per thn Pendapatan
Jenis kamar Tarif Tk. Hunian Restaurant 45% dr pendapatan kotor kamar
Standar 250,000 per mlm 90% Parkir 2% dr pendapatan kotor kamar
Superior 375,000 per mlm 80% Biaya
Suite 500,000 per mlm 65% Operasional 34% dr total pendapatan kotor hotel
President Suite 800,000 per mlm 35% Cad. penggantian 5.50% dr total pendapatan kotor hotel
Shopping Arcade 5,000,000 per bln 100%

Komponen Tanah Bangunan & SPL Mesin & alat Perabotan Total
Perbandingan inv. 4 6 2 1 13
Tk. Kapitalisasi 10% 12% 14% 16%
Ditanyakan :
Bilai Pasar
Harga beli Maks

JAWAB

Komponen Tanah Bangunan & SPL Mesin & alat Perabotan Total
Perbandingan inv. 4 6 2 1 13
Tk. Kapitalisasi 10% 12% 14% 16%
Bobot 31% 46% 15% 8% 100%
Discount Rate 12%

Tahun 1 2 3
Pendapatan Kamar
Standar 2,463,750,000
Superior 2,737,500,000
Suite 711,750,000
President Suite 204,400,000
Total 6,117,400,000
Pendapatan lain2
Shopping Arcade 360,000,000
Restaurant 2,752,830,000
Parkir 122,348,000
Total Pendapatan 9,352,578,000
Biaya
Operasional 3,179,876,520
Cadangan penggantian 514,391,790
Renovasi 27,000,000,000 32,000,000,000
Total Biaya 27,000,000,000 32,000,000,000 3,694,268,310

Pendapatan bersih -27,000,000,000 -32,000,000,000 5,658,309,690

TV 565,830,969,000
Discount factor 0.8929 0.7972 0.7118
PV -24,107,142,857 -25,510,204,082 406,774,780,409
Nilai Pasar 357,157,433,470

Harga beli Maks 406,774,780,409

Pendapatan bersih -27,000,000,000 -32,000,000,000 5,658,309,690
565,830,969,000
Discount factor 0.9174 0.8417 0.7515
PV -24,770,642,202 -26,933,759,785 425,221,969,802
Nilai Pasar 373,517,567,815
Discount factor 0.7118
Nilai Pasar Maks 402,747,307,335