PRE-FINANCIAL FEASIBILITY STUDY OF HAKMAZ TABA SYARIAH HOTEL COOPERATION WITH PT GRAHAWITA SANTIKA

• Main Author: Akbar Maruszama, Mahfidarwan
• Format: Final Project
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/72396
• Institution: Institut Teknologi Bandung

Hakmaz Taba Syariah Hotel is one of the hotels in Lubuklinggau who participate actively welcome the tourists who come to Lubuklinggau.Hakmaz Taba Syariah Hotel located at Jl. Yos Sudarso No 28 Lubuklinggau, South Sumatera, Indonesia. The hotel established since 1997. Hakmaz Taba Syariah Hotel. There are a some problems that need to be solved, which are owner does not have experience in the hospitality sector, hotel is not well controlled, the financial statements hotel is not recorded properly while already using the system / software, the marketing activity is not working, and the human resources are difficult to find in South Sumatra. Lubuklinggau have an interesting developments, competitors can lead to decreased number of occupancy of Hakmaz Taba Syariah Hotel. Because of it, the owners had approached and meetings with some of the operators of the hotel management. The results of the meeting with the hotel management operator and conclusions given by the hotel owners indicate a match with PT Grahawita Santika (GWS). All problem identification in this paper will be solved using financial feasibility study. A feasibility study can be defined as a controlled process for identifying problems and opportunities, determining objectives, describing situations, defining successful outcomes, and assesing the range of costs and benefits associated with several alternatives for solving a problem. This study is used to support the decision-making process based on a cost benefit analysis of the actual business or project viability. It should help the company to find out does this invesment is the correct decision to do. The author will take the approach of the financial feasibility of using several methods such as NPV and IRR calculation. The theoritical framework of this final assignment is based on various source which are text books, internet data and secondary data that collected from the company. Those source are used to find some supportive theories, information, and data to accomplish this final project. Formula that could be supportive for this final project are Net Present Value (NPV), Internal Rate of Return (IRR), Weighted Average Cost of Capital (WACC), and other formulas that related to financial feasibility. After analyzing the initial investment, income statement, statement of cash flow of the project, Author finally meet the conclusion that the project is not financially feasible to be done. The project stated is not feasible in financial terms because the Net Present Value of the project is negative, Payback Period occur in the 9th year, and the Internal Rate of Return is lower than the discount rate, which is Weighted Average Cost of Capital.