Scribd
Upload
201 views25 pages

Cong Tu Bac Lieu Hotel Plan

This document provides information on a hotel project in Bac Lieu, Vietnam including project details, operating asset information, capital expenditures, revenue projections, and expenses. It shows projections from 2023-2032 with revenue increasing each year from room sales and other sources. Expenses include staff costs, departmental costs, operating expenses, and post-GOP expenses. Capital structure and financing terms are also provided.

Uploaded by

Cuong Nguyen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
201 views25 pages

Cong Tu Bac Lieu Hotel Plan

This document provides information on a hotel project in Bac Lieu, Vietnam including project details, operating asset information, capital expenditures, revenue projections, and expenses. It shows projections from 2023-2032 with revenue increasing each year from room sales and other sources. Expenses include staff costs, departmental costs, operating expenses, and post-GOP expenses. Capital structure and financing terms are also provided.

Uploaded by

Cuong Nguyen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

2023 2024 2025 2026

0 1 2 3
General Input

Project info
Name Cong tu Bac Lieu
Base year 2023
Operation type Hotel 3 star
#Days open 360

Operating asset infor


Operation date 1/1/2024
Expriry date 7/17/2063
Remaining years 39.57

Escalation code 0 1 2 3
A 10.0% 10.0% 10.0%
B 5.0% 5.0% 5.0%
C 3.0% 3.0% 3.0%
D 1.0% 1.0% 1.0%
E – – –

CAPEX/INVESTMENT

Main Investment 0 1 2 3

Item Payment

Xây dựng 50.0% 50.0%

M&A 100.0%

Tolal CAPEX payment 180,000 66,000 – –


Total loan applicable 60,000 66,000 – –

Reinvestment/maintainance

Item Calculation type Period

1 Tái sửa chữa tòa nhà 1.Weighted 1


1 Tài đầu tư thiết bị 1.Weighted 10
0
0
0
0

Tolal payment – – – –

CAPITAL STRUCTURE ON CAPEX

Source of capital
Interest
Item Weighted Yield
Payment
Equity 30.0% 15.0% no
Loan OCB 35.0% 11.0% yes
Loan SCB 30.0% 13.0% yes
Fund 5.0% 11.0% no

Total check 100.0%


WACC 12.8%

REVENUE
0 1 1 1

Room sold revenue 0 1 2 3

Item Yearly O

Room type: Standard 55% 60% 65% 70%


Room type: Couple 55% 60% 65% 70%
Room type: Delux 55% 60% 65% 70%
Room type: Premium 55% 60% 65% 70%

Total Room sold revenue – 177,984 198,600 220,294

Outlet Revenue source

Item Calculation type

1 F&B income 1.Weighted


1 Rental income 1.Weighted
1 Telecommunication Income 1.Weighted
1 Snack/Drink/Other income 1.Weighted
1 Other income 1.Weighted
0

Tolal Other Revenue – 16,908 18,867 20,928

EXPENSE

Staff cost 0 1 2 3

Item Head

Tolal Staff Cost – – – –

Departmental Expenses

Item Calculation type


0
1 Rooms expense 1.Weighted
1 F&B cogs 1.Weighted
2 Rental 2.Direct
0

Undistributed Operating Exp.

Item Calculation type

0
1 Staff cost (Admin & Gen) 1.Weighted
1 Sales/MKT 1.Weighted
1 Operation & maintainance 1.Weighted
1 Utilities (energy/water) 1.Weighted
0

Tolal Gross Operating Profit – 133,310 148,752 165,000

Post GOP Expense

Item Calculation type

1 Insurance 1.Weighted
1 Redecoration/restructuring 1.Weighted
1 License fee 1.Weighted
1 Base Management Fee 1.Weighted
1 Incentive Mgt (GOP-BMF) 1.Weighted
0
2027 2028 2029 2030 2031 2032
4 5 6 7 8 9

DCF approach
Discount Rate 10.00%
Terminal date (in 5Y) 1/1/2029 Terminal yield
Terminal date (in 10Y) 1/1/2034 Terminal yield

CAP approach
Leasehold/Freehold Leasehold
Capitalized rate 8.00%
Leasehold Factor 11.91

4 5 6 7 8 9
10.0% 10.0% 10.0% 10.0% 10.0% 10.0%
5.0% 5.0% 5.0% 5.0% 5.0% 5.0%
3.0% 3.0% 3.0% 3.0% 3.0% 3.0%
1.0% 1.0% 1.0% 1.0% 1.0% 1.0%
– – – – – –

4 5 6 7 8 9

Payment Schedule

– – – – – –
– – – – – –

Calculation type 1

Year start Weighted Percentage Item Applied

2025 1.0% Chi phí xây dựng


2025 30.0% Chi phí trang thiết bị

– – – – – –

Principle Principle Payment Payment


Grace Period
Payment Period Period Method
no –
yes 2 10 8 Straight line 0.11
yes 3 10 7 Straight line 0.13
no –
–
–

1 1 1 1 1 1

4 5 6 7 8 9

Yearly Occupancy

70% 70% 70% 70% 70% 70%


70% 70% 70% 70% 70% 70%
70% 70% 70% 70% 70% 70%
70% 70% 70% 70% 70% 70%

226,903 233,710 240,721 247,943 255,381 263,042

Calculation type 1

Weighted Percentage Item Applied

4.0% Total Room sold revenue


5.0% Total Room sold revenue
– Total Room sold revenue
0.5% Total Room sold revenue
– Total Room sold revenue

21,556 22,202 22,868 23,555 24,261 24,989

4 5 6 7 8 9

Head count

– – – – – –

Calculation type 1

Weighted Percentage Item Applied


18.0% Total Room sold revenue
65.0% F&B income

Calculation type 1

Weighted Percentage Item Applied

8.0% Total Room sold revenue


2.0% Total Room sold revenue
2.0% Total Room sold revenue
2.0% Total Room sold revenue

169,950 175,049 180,300 185,709 191,280 197,019

Calculation type 1

Weighted Percentage Item Applied

Total Room sold revenue


Total Room sold revenue
Total Room sold revenue
2.0% Total Room sold revenue
2.0% Tolal Gross Operating Profit
2033
10

10.00%
8.25% Leasehold Factor 11.34
8.50% Leasehold Factor 11.06

Forward
10.0%
5.0%
3.0%
1.0%
–

Check
Escalation Escalation
Unit Cost Quant./Vol. Loan appliable
code appllicable
100.0% 120,000 1 A yes yes
–
–
100.0% 120,000 1 A no no
–
–

246,000
126,000

pe 1 Calculation type 2
Escalation Escalation
Item Applied Unit Cost Quant./Vol.
code appllicable
Chi phí xây dựng B yes
Chi phí trang thiết bị B yes

0
1
2
0
0
0

Sustainable
Calculation 0
rate
Capacity/ Escalation Escalation
% ADR
#rooms code (Price) appllicable
70% 100 2.0 C yes
70% 100 2.0 C yes
70% 100 2.0 C yes
70% 100 2.0 C yes

pe 1 Calculation type 2
Escalation
Item Applied Unit Cost Quant./Vol. Appllicable
code
tal Room sold revenue
tal Room sold revenue
tal Room sold revenue
tal Room sold revenue
tal Room sold revenue

Ultilized #
Avg. Salary Escalation
# Appllicable
(yearly) code (Price)
A yes
A yes
A yes

pe 1 Calculation type 2
Escalation
Item Applied Unit Cost Quant./Vol. Appllicable
code
tal Room sold revenue
F&B income

pe 1 Calculation type 2
Escalation
Item Applied Unit Cost Quant./Vol. Appllicable
code

tal Room sold revenue


tal Room sold revenue
tal Room sold revenue
tal Room sold revenue

pe 1 Calculation type 2
Escalation
Item Applied Unit Cost Quant./Vol. Appllicable
code
tal Room sold revenue
tal Room sold revenue
tal Room sold revenue
tal Room sold revenue
l Gross Operating Profit
###
###

Total nominal Total time value

1 120,000 ###
0 – ###
0 – ###
0 120,000 ###
0 – ###
0 – ###

###
Total nominal Total time value

1 – ###
1 – ###
0 – ###
0 – ###
0 – ###
0 – ###

###

Drawdown from nom-debt


Invesment
Opening debt balance
distribution
107,700 ###
86,100 ###
39,900 ###
12,300 ###
– ###
– ###

###

1st year
Price (time value)
nominal
1 1 ###
1 1 ###
1 1 ###
1 1 ###
0 – ###
0 – ###

###

Price (time value)

0 ###
0 ###
0 ###
0 ###
0 ###
0 ###

###

1st year
Yearly Salary (time value)
nominal
1 – ###
1 – ###
1 – ###
0 – ###
0 – ###
0 – ###

###

Unit cost (time value)


0 ###
0 ###
0 ###
0 ###
0 ###

Unit cost (time value)

0 ###
0 ###
###
0 ###
0 ###
0 ###

###

Unit cost (time value)

0 ###
0 ###
0 ###
0 ###
0 ###
0 ###
SUMMARY
STT ITEM
1 Operating DR 14%
2 DR in Construction period 40%
3 Net Development Profit 7,439,689
4 IRR 106%
5 NPV 938,172
6 NPV exit at Year 2029 891,412
7 NPV exit at Year 2034 941,697
8 Payback period Year 1 0 1 2

-1 1 -1
2023 2024 2025
0 1 2
P&L
STT ITEM

1 Total Revenue - 194,892 217,468


Revenue growth 0.0% 0.0% 11.6%

Main revenue - 177,984 198,600


Room type: Standard 8 - 44,496 49,650
Room type: Couple 9 - 44,496 49,650
Room type: Delux 10 - 44,496 49,650
Room type: Premium 11 - 44,496 49,650
12 - - -
13 - - -

Other revenue - 16,908 18,867


F&B income 0 - 7,119 7,944
Rental income 1 - 8,899 9,930
Telecommunication Income 2 - - -
Snack/Drink/Other income - 890 993
Other income - - -
- - -

2 Operating Cost - (61,582) (68,716)


Staff/Employee cost - - -
- - -
- - -
- - -
- - -
- - -
- - -

Departmental Expenses - (36,665) (40,912)


1 - - -
Rooms expense 2 - (32,037) (35,748)
F&B cogs 3 - (4,628) (5,164)
Rental 4 - - -
5 - - -
6
Undistributed Operating Expenses - (24,918) (27,804)
1 - - -
Staff cost (Admin & Gen) 2 - (14,239) (15,888)
Sales/MKT 3 - (3,560) (3,972)
Operation & maintainance 4 - (3,560) (3,972)
Utilities (energy/water) 5 - (3,560) (3,972)
6 - - -

3 Gross Operating Profit - 133,310 148,752


%margin #DIV/0! 68.4% 68.4%

Post GOP Expense - (6,226) (6,947)


Redecoration/restructuring #REF! - - -
License fee #REF! - - -
Base Management Fee #REF! - (3,560) (3,972)
Incentive Mgt (GOP-BMF) #REF! - (2,666) (2,975)
#REF! - - -

4 Net Operating Profit - 127,084 141,805


%margin #DIV/0! 65.2% 65.2%
CASHFLOW
STT KHOẢN MỤC

1 Net Operating Profit - 127,084 141,805


Revenue growth 0.0% 0.0% 11.6%

2 CAPEX (180,000) (66,000) -


Investment CAPEX (180,000) (66,000) -
Reinvestment/Maintainance CAPEX - - -

3 Debt 56,510 55,181 (24,829)


(+) Drawdonw 60,000 66,000 -
Beginning Balance - 60,000 126,000
(-) Principal - - (10,763)
Ending Balance 60,000 126,000 115,238
(-) Interest (3,490) (10,819) (14,066)

3 Other non-Debt 9,000 - -

4 Cashflow (114,490) 116,265 116,976

5 Cumulative Cashflow (114,490) 1,775 118,751


WACC 13.9% 11.5% 11.9%

6 PV Cashflow at Beginning of each year (100,559) 104,281 104,557

7 PV Cashflow at Year 0 (100,559) 91,474 80,453

8 PV Terminal Value at Year 6th - - -

9 PV Terminal Value at Year 11th - - -


3 4 5 6 7 8 9

-1 -1 -1 -1 -1 -1 -1
2026 2027 2028 2029 2030 2031 2032
3 4 5 6 7 8 9

241,222 248,458 255,912 263,589 271,497 279,642 288,031


10.9% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0%

220,294 226,903 233,710 240,721 247,943 255,381 263,042


55,073 56,726 58,427 60,180 61,986 63,845 65,761
55,073 56,726 58,427 60,180 61,986 63,845 65,761
55,073 56,726 58,427 60,180 61,986 63,845 65,761
55,073 56,726 58,427 60,180 61,986 63,845 65,761
- - - - - - -
- - - - - - -

20,928 21,556 22,202 22,868 23,555 24,261 24,989


8,812 9,076 9,348 9,629 9,918 10,215 10,522
11,015 11,345 11,685 12,036 12,397 12,769 13,152
- - - - - - -
1,101 1,135 1,169 1,204 1,240 1,277 1,315
- - - - - - -
- - - - - - -

(76,222) (78,508) (80,864) (83,289) (85,788) (88,362) (91,013)


- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -

(45,381) (46,742) (48,144) (49,589) (51,076) (52,608) (54,187)


- - - - - - -
(39,653) (40,842) (42,068) (43,330) (44,630) (45,969) (47,348)
(5,728) (5,899) (6,076) (6,259) (6,447) (6,640) (6,839)
- - - - - - -
- - - - - - -

(30,841) (31,766) (32,719) (33,701) (34,712) (35,753) (36,826)


- - - - - - -
(17,624) (18,152) (18,697) (19,258) (19,835) (20,430) (21,043)
(4,406) (4,538) (4,674) (4,814) (4,959) (5,108) (5,261)
(4,406) (4,538) (4,674) (4,814) (4,959) (5,108) (5,261)
(4,406) (4,538) (4,674) (4,814) (4,959) (5,108) (5,261)
- - - - - - -

165,000 169,950 175,049 180,300 185,709 191,280 197,019


68.4% 68.4% 68.4% 68.4% 68.4% 68.4% 68.4%

(7,706) (7,937) (8,175) (8,420) (8,673) (8,933) (9,201)


- - - - - - -
- - - - - - -
(4,406) (4,538) (4,674) (4,814) (4,959) (5,108) (5,261)
(3,300) (3,399) (3,501) (3,606) (3,714) (3,826) (3,940)
- - - - - - -

157,294 162,013 166,873 171,880 177,036 182,347 187,817


65.2% 65.2% 65.2% 65.2% 65.2% 65.2% 65.2%
157,294 162,013 166,873 171,880 177,036 182,347 187,817
10.9% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0%

- - - - - - -
- - - - - - -
- - - - - - -

(28,974) (27,049) (25,124) (23,200) (21,275) (19,350) (17,425)


- - - - - - -
115,238 98,775 82,313 65,850 49,388 32,925 16,463
(16,463) (16,463) (16,463) (16,463) (16,463) (16,463) (16,463)
98,775 82,313 65,850 49,388 32,925 16,463 -
(12,512) (10,587) (8,662) (6,737) (4,812) (2,887) (962)

- - - - - - -

128,320 134,964 141,749 148,680 155,761 162,997 170,393

247,071 382,035 523,784 672,464 828,225 991,222 1,161,615


12.5% 13.1% 13.6% 14.2% 14.8% 15.4% 16.0%

114,096 119,378 124,730 130,155 135,654 141,232 146,890

77,012 70,682 64,781 59,297 54,213 49,510 45,170

- - - 672,350 - - -

- - - - - - -
10

-1
2033
10

296,672
3.0%

270,934
67,733
67,733
67,733
67,733
-
-

25,739
10,837
13,547
-
1,355
-
-

(93,743)
-
-
-
-
-
-
-

(55,812)
-
(48,768)
(7,044)
-
-

(37,931)
-
(21,675)
(5,419)
(5,419)
(5,419)
-

202,929
68.4%

(9,477)
-
-
(5,419)
(4,059)
-

193,452
65.2%
193,452
3.0%

-
-
-
-
-
-

193,452

1,355,067
16.0%

166,769

44,985

You might also like