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Build Hotel in Manado and Bintan, BUVA Revenue would Up 600 Percent

Posted by Lambang Insiwarifianto 7/14/10 0 comments for Manado hotels
PT Bukit Uluwatu Villa (BUVA) targeting revenue growth of 500 percent to 600 percent in 2012. Operation of two new hospitality area located in Bintan and Manado, which began that year, became the mainstay of this property company to achieve these targets.

Finance Director of PT Bukit Uluwatu Villa Tbk (BUVA) John D Rasjad explained, area lodging in Bintan, with total 50 hotel units and 12 residential villas Villa are expected to be operational mid 2012. "Construction will begin this third quarter," he said, Monday (12/7/10).

Meanwhile, for which in the Cape Tarabitan, Manado, continued John, is expected to operate faster at the beginning of the year 2012. Understandably, the number of hotel units less. Approximately 60 hotel rooms, on a land area of 10 hectares.

BUVA allocate around Rp 350 billion for regional development in Bintan. The details, Rp 250 billion for construction costs and approximately USD 100 billion to acquire the operator, PT Bukit Lagoi Villa. While for hotels in Manado, estimated to spend Rp 100 billion. "All use of internal cash," said John.

Now for this year, BUVA revenue target of Rp 183.25 billion. Increased by approximately 400 percent compared to last year's acquisition, amounting to Rp 45.88 billion.

But until the middle of this year, John said the target is not reached about 50 percent. Because, in the first six months, hotel occupancy rates are still low BUVA property. "Improved occupancy starting in early June. Hopefully this year's target can be achieved," he said

Translated from : http://properti.kompas.com/read/2010/07/12/1640127/Bangun.Hotel.di.Manado.dan.Bintan..Pendapatan.BUVA.Bakal.Naik.600.Persen

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Judul: Build Hotel in Manado and Bintan, BUVA Revenue would Up 600 Percent
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