RESORT DEVELOPMENT OF LHOK WENG – SABANG, ACEH

Tourism

RESORT DEVELOPMENT OF LHOK WENG – SABANG, ACEH

Property Description

Lhok Weng Bay is strategically located along conservation marine tourism park nearby Gapang Resort and Iboih. The area is integrated with Gapang Beach with the total area of 175 ha. Lhok Weng has a coastline of 2.1 km long. The topography of land is dominated hilly side by 40 degree, coral reefs shoreline, with a 100 meter long of white sand coastline. Accessibility: 30 minutes from Sabang downtown by car, 45 minutes from Banda Aceh by fast ferry, the Fast Boat and Ro-Ro Ship sails from Banda Aceh to Sabang in 5 times a day. Amenities: Electricity is connected to Sabang power network, clean water supply and raw water reserves are sufficient. Attractions: Several dive spots and dive centers can be reached in 15 minutes, Lhok Weng Resort Development is integrated with other development plans such as yacht marina in Pulau Klah, golf and resorts in Bango, adventure resorts in Gua Sarang, diving areas on Rubiah Island, and the Indonesian Zero Kilometer Monument Tourism Area.

Market Opportunity

Potential for the development of luxury or medium resort; hotel, villa, convention hall, restaurant and water-sport hub; operation and management of Lhok Weng.

Financial Estimation

Total Estimate:
USD 13.54 Million IRR/NPV/BEP:
USD 13.54 Million