Article Per Year (5 Year)
p-Index From 2020 - 2025
1.745
P-Index
This Author published in this journals
All Journal Jurnal Manajemen Teknologi Journal of Business and Management The Indonesian Journal of Business Administration JEJAK AFEBI Islamic Finance and Economic Review Jurnal Ilmiah Manajemen Kesatuan Jurnal EK dan BI International Journal of Management, Entrepreneurship, Social Science and Humanities (IJMESH) International Journal of Entrepreneurship and Sustainability Studies Journal Integration of Management Studies Journal of Management, Economic, and Financial International Research Journal of Business Studies
Sudarso Kaderi Wiryono
Unknown Affiliation
Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences

Published : 43 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : Jurnal Ilmiah Manajemen Kesatuan

 1 
Financial Feasibility and Risk Analysis of a 4-Star Hotel Development at PT Bukit Asam’s Wisma Ombilin Besoni, Berlyan; Wiryono, Sudarso Kaderi
Jurnal Ilmiah Manajemen Kesatuan Vol. 13 No. 4 (2025): JIMKES Edisi Juli 2025
Publisher : LPPM Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jimkes.v13i4.3364

Abstract

This study proposes transforming PT Bukit Asam’s underutilized Wisma Ombilin land into a modern 4-star hotel to diversify revenue, reduce coal dependency, and align with sustainability goals. Located in Padang City, the project aims to boost economic value, create jobs, and support local growth. Combining qualitative and quantitative methods, the research analyzes Padang’s hotel market, financial feasibility, and project risks. Market analysis reveals strong demand for 4-star hotels, with post-pandemic occupancy rates and room prices surpassing pre-pandemic levels. Financial modeling estimates a Net Present Value (NPV) of RP 188.38 billion, an Internal Rate of Return (IRR) of 16.38%, and a payback period of 10.9 years, indicating solid profitability. Sensitivity analysis identifies key risks related to room rates, occupancy, and interest rates, recommending dynamic pricing and financing strategies for mitigation. Strategic risk management includes disaster-resilient design and operational efficiencies. The project supports PTBA’s transition from coal reliance, improves ESG performance, and enhances competitiveness. With strong market potential and effective risk controls, the hotel development offers sustainable returns and stakeholder value, warranting progression to detailed planning and financing.
Co-Authors , Aminah , Suharto Ady Taufik Yudisia Akbar, Fadjrin Asep Samsul Arifin Atta Alva Wanggai Besoni, Berlyan Budi Rahmat Dedi Yuswen Destya Ramia Abriyani Dini Lestari Dini Lestari Dini Lestari, Dini Eman Achmad Sulaeman Erik Sentosa Esther Bura Eva Mahdalena Fina Eliani Findy Idoliany Firmansyah Arifin, Firmansyah Gatot Yudoko Grisanto, Raden Gerald Setiawan Haga Sudipta Ida Arsiyanti, Ida Kharohmayani, Desy Marnalom Marnalom Muhammad Asfarudin Mutiara, Febrianisa Nieken Sukma Aripradipta Okky Paulin Panji Wicaksono Pipit Afiatun Purwoko Nugroho S Purwoko Purwoko Putri, Fawwaz Lu’ay Rahmat Mulyana Refi Rifaldi Windya Giri Risky Nugraha Ruky Yurizal, Ruky Ryan Haryogo, Ryan Samsinar Sinar Sanusi, Shafira Meutia Sylviana Maya Damayanti Trisetiani Diahmarrisa Yohanes Edward Widjonarko Yos Sunitiyoso