Hotel Rubicon
Batu Ampar - Batam Island
Indonesia




by:

Rubicon Consultancy
Financial Engineering

Introduction

Projected to be a 3-star business hotel with a 4-star hotel facilities, the five floors hotel has 170 rooms and is located just on the outskirts of the island's capital and the newly developed industrial district.

Overviewing the Singapore Island, the hotel is only 100 m. from the shoreline and about 500 m. from the Ferry port to Singapore and surrounding islands.

The construction itself has been erected under a Singaporean consultant with several other Singaporean and local contractors and built according to the strict Singaporean Building Codes. The contemplated partner for running the hotel management is a well-known international hotel chain. Preliminary negotiations have been started.

Watchman's hut

The current status of the project now is about 68% completed (building) and no more construction progress at this moment. In fact the activities has stopped in 1992.
Due to the loss of their main shareholder / financier, the remaining owners of the project were forced to take the drastic action of holding the contruction temporarily to find another financier or acquirer.

However, now the bank is in control of this object and we are now in a position to obtain this project for a fair price.



To make strict conditions to both the finishing of the building and the exploitation of the hotel, we estimate that the future value of this project will be tripled within two to three years. Of course, to challenge this estimation an appraisal report of an international accepted valuer has to be draw up to learn the real present value, the value after finishing the hotel and the value of the hotel in full exploitation.

We truly believe that this project has a great potential in the near future.

In conclusion, we offer Investment Companies or Private Investors to be a partner in this project. For this purpose forty percent (40%) of the shares of the Holding company, who is in control of both the real estate and the exploitation of the hotel, is available to investors.

Front view

Rear view

Vision Statement

Vision and long term direction

Establishing a well-known Business and Leisure Hotel adjacent to Singapore, in cooperation with a well-known international hotel chain.


Relevant historical information about Batam Island

Batam has very excellent infrastructures and prepared to accommodates its sister island of Singapore's Business and Leisure (Golf-links available on the island). Because of its geographic site, Batam Island is more similar to Singapore rather than Indonesia. Its tax holiday also make Batam favorable for buying imported goods, even for Singaporean.

Construction water-supply

Aquisition and funding scheme




1 Foundation of both the Real-estate Company and the exploitation Company

2a Transfer of property by the Bank
2b Acceptance of mortgage by the Buyer

3a Control of Management on Site regarding the finishing of the buildings
3b Progress-reports to the Holding Company

PROJECT SUMMARY Name of Project : Hotel Rubicon Location : Batu Ampar, Batam Island, Indonesia. Total site area : 7.500 m2 Total building area : 2.418 m2 Total floor area / rooms : 8.904 m2 / 170 rooms Facilities : Meeting & Conference Rooms, Restaurants, Coffee Shop, Discotheque, Fitness Center, Swimming Pool, 61 cars parking lot. (4 star class facility) Land status : HGB (owned) with exclusive right for land usage up to 30 years ( can be extended indefinitely) Land value : US$ 2,302,500.00 (as of 1993) Financial structure : mortgage US$ 1,0 Mio Own equity US$ 2,5 Mio

Side-view rightside Side-view leftside

 

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