Portfolio

LANoU Goodrich

Hotel Goodrich Suites (LANoU Goodrich)

Address: Jl. Pangeran Antasari No. 36, Cipete Selatan, Cilandak, South Jakarta
12430
Number of Rooms: 76
Asset Value: IDR 270,000,000,000 (assets) → IDR 405,000,000,000 (REIT FMV)
Financial Projections (Income Approach):
• Occupancy: 70% → 82% (Years 1–5)
• Average Room Rate: IDR 826,446 → IDR 1,004,551
• Revenue: IDR 25.6 B → IDR 35.6 B
• GOP: IDR 12.1 B → IDR 17.6 B (Margin 47% → 50%)

Valuation Conclusion:
Fair Market Value: IDR 405,000,000,000

PENRO Losari Roxi

Hotel Losari Roxi (PENRO Roxi)
Address: Jl. KH Hasyim Ashari No. 41, Central Jakarta
Number of Rooms: 102
Asset Value: IDR 70,000,000,000 (assets) → IDR 140,000,000,000 (REIT FMV)
Financial Projections (Income Approach):
• Occupancy: 70% → 82%
• Average Room Rate: IDR 578,512 → IDR 703,185
• Revenue: IDR 24.1 billion → IDR 33.5 billion
• GOP: IDR 11.0 billion → IDR 16.1 billion (Margin 46% → 48%)
Valuation Conclusion:
Fair Market Value: IDR 140,000,000,000

PENRO Iswara Bekasi

Hotel Horison Iswara (LANoU Iswara)

Address: Jl. Cut Mutia No. 2, Sepanjang Jaya, Rawalumbu, Bekasi Number of Rooms: 149 Asset Value: IDR 280,000,000,000 (assets) → IDR 420,000,000,000 (REIT FMV) Financial Projections (Income Approach): • Occupancy: 65% → 76% • Average Room Rate: IDR 392,562 → IDR 477,162 • Revenue: IDR 22.2 billion → IDR 30.8 billion • GOP: IDR 9.7 billion → IDR 14.2 billion (Margin 44% → 46%) Valuation Conclusion: Fair Market Value: IDR 420,000,000,000

Aston Melawai Boutique Hotel

Aston Melawai Boutique Hotel

Address: Melawai, South Jakarta
Number of Rooms: 105
Asset Value: ±Rp 300,000,000,000 (pipeline)
Financial Projections (Income Approach):
• Occupancy: 71% → 73%
• Average Room Rate: Rp 615,062 → Rp 646,199
• Revenue: Rp 24.7 billion → Rp 26.6 billion
• GOP: Rp 12.1 billion → Rp 13.3 billion (Margin ±49%)
Valuation Conclusion:
Fair Market Value: ±Rp 300,000,000,000

Aston Inn Suryopranoto Jakarta

Aston Inn Suryopranoto (ex-Kafila Project)
Address: Suryopranoto, Central Jakarta
Number of Rooms: 150
Asset Value: ±Rp 308,000,000,000 (pipeline)
Financial Projections (Income Approach):
• Occupancy: 70% → 72%
• Average Room Rate: Rp 610,099 → Rp 640,986
• Revenue: Rp 43.5 billion → Rp 47.1 billion
• GOP: Rp 20.1 billion → Rp 22.2 billion (Margin ±46%)
Valuation Conclusion:
Fair Market Value: ±Rp 350,000,000,000

Penro Iswara

Portfolio Value Summary

• Total Asset Value 2025: IDR 1.583 Trillion
• Total FMV REIT (3 existing assets – Goodrich, Roxi, Iswara): IDR 965 Billion
• Total Revenue (Year 1, 5 hotels consolidated): ± IDR 170 Billion
• Total GOP (Year 1): ± IDR 65 Billion (average margin 45–50%)
• Operator: Sunmei Hotels Group Indonesia (SHGI) & Archipelago International