Destination Owner is ITDC’s core business line since its establishment in 1973. Through this business line, ITDC offers land leasing in tourism destinations owned and managed by ITDC, namely The Nusa Dua anda The Mandalika, for business commercial actvities. As the owner of The Nusa Dua and The Mandalika, ITDC’s role includes developing masterplans, building complex infrastructure that is of international standard, and developing an investment system that is attractive for investors to invest in both destinations.
As a destination owner, ITDC’s income sources consisting of Minimum Compensation, namely the income of compensation received by the Company on land leases that are billed quarterly during the lease period under the LUDA; Percentage Compensation, which is an additional income received by the Company in an operating period based on a certain percentage of gross sales from each lot rented by the investor; One Time Compensation, namely the source of land rent income paid at the beginning the next few years; and Other Compensations, namely the source of land rental income with a smaller size and its allocation as supporting infrastructure.
Land leasing business in tourism destination for business commercial activities
• Hotel Tenants
• Leasing Fee