Cara Cara Inn
ID - Bali, APAC
HK$55,433,000 | 98 units
Asset Description
Menara Peninsula Hotel is strategically located on the edge
of the main business district in West Jakarta after the exit
to the Slipi Highway. This puts the Property in proximity
to most multinational companies and government offices
in Jakarta. As the corner site at the intersection of 2 major
roads, the Property has a prominent frontage and affords its
owner a strong presence in the area.
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Attributes
Number of units
380 units
Building area gross
464,355 sf
Year built
1998
Land area net
79,976 sf
Media
Investment Highlights
SIZEABLE LAND PLOT PRIME FOR REDEVELOPMENT
Situated at the intersection of 2 major arterial
roads, the 7,430 sqm site is suitable for
redevelopment into a myriad of use cases.
As the area continues its revitalization, the
potential to convert the existing gross floor area
into residential, office, or other compatible uses
becomes a promising opportunity for generating
a more appealing return on investment.
VALUE ENHANCEMENT OPPORTUNITY
The Property has not undergone a major
renovation since opening in 1998, allowing an
incoming owner to undertake a refurbishment
of the guestrooms and common areas to
modernize the Property’s offerings and
increase its Average Daily Rate (ADR).
Additional floors could also be added, subject
to technical feasibility and approval from
various authorities.
Contact brokers
Menara Peninsula Jakarta (0 Properties)
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Last updated
28 Mar 2024
