DNU – Deal Teaser – 3+ Star Hotel in Jogjakarta, Centra Java – Indonesia

Business Description

The owner of an Indonesian property company intends to sell their a 3+ Star hotel located in Yogyakarta, Indonesia. The hotel located in a prime area of Jogjakarta, Central Java, Indonesia, near various tourist attractions such as Gembiraloka Zoo, Mandala Krida Stadium, KM Zero/Titik Nol, and Malioboro Street.

The specification of the hotel consists of the following:

•Land Area: 4,000m2
•Building Area: 9,985m2
•Consists of total 10 floors with 148 hotel rooms and 4 meeting rooms; and
•Build up with various facilities such as restaurants, swimming pools, spa, fitness center, café & lounge with sky lounges on its rooftop, and parking area.

Reason for Selling

The hotel building structural work has 100% completed, construction work is 70% completed with ongoing progress on the architectural, mechanical electrical, and landscape works. However, the progress is currently on hold due to outstanding payments to the contractors

Key Financials

Additional Information

Please do feel free to contact me directly shall you are interested or know a colleague that may be interested to buy the property. I will be delighted to share the details of the project and have further discussions with you!