Combined Building Glodok

Project Profile

Combined Building Glodok is an integrated development consisting of the Kota MRT Station entrance, a cooling tower and ventilation tower, and a boutique hotel. MRT Jakarta is constructing the project, with investment opportunities available for the boutique hotel's interior and façade.

 

Market Opportunity

Strategically located near the future MRT Jakarta Phase 2A Kota Station, the development benefits from excellent accessibility, strong tourism demand, and the established visitor base of the Kota Tua heritage district.

 

Target Market
Hotel

Origin: Domestic 70 % / International 30 %
Type: Corporate 10% / Family 20% / Travelers 70% 
Activity: Group meeting 0% / Business 30 %, Leisure 70%

 

Product Development
Hotel
Segment Boutique
Number of Rooms 42
Room Types

Superior 22 m2
Deluxe 24-28 m2
Executive 30-35 m2

Rental Rate IDR 815,000 / night

 

Project Structure
Partnership Scheme Opsi 1: Land & building concession
Opsi 2: JV
Investment Sharing Fixed Contribution & Profit Sharing

 


Investment Cost
IDR 41.40 Billion
Expected Started Date

2027

Financial Analysis

NPV : IDR 34.7 Billion
IRR : 11.50%
WACC : 8.22%
Payback Period : 11 years
Partnership Period: 50 years

Land Area

Development Area : 823 m2
Total GFA : 4,591 m2
Total NLA : 1,220 m2

Location

Jalan Pintu Besar Selatan, West Jakarta, Indonesia

6.138943° S, 106.813962° E

Contact

Name : Iman Hidayatullah
Title : TOD Permit and ASset Management Specialist
Email : himan@jakartamrt.co.id