Comparable Projects:The Precedent for What Is Being Built at Sidemen
The Sidemen Serenity development scenarios are not hypothetical. They are modelled on development types that exist, are operating, and are generating the ADR and occupancy performance referenced in the financial projections. This page presents the most relevant comparable projects with available data.
Revenue Model
| Property | Location | Scale | Opening Year | Current ADR (AUD) | Occupancy | Relevance to Sidemen |
|---|---|---|---|---|---|---|
| Capella Ubud | Ubud, Gianyar | 22 tented villas | 2018 | 1,875 to 3,280 | 68 to 78% | ADR ceiling benchmark ultra-premium eco-luxury positioning |
| Four Seasons Sayan | Ubud, Gianyar | 18 villas, 24 suites | 1998 | 1,406 to 2,500 | 65 to 72% | Established highland resort long-term performance data |
| Alila Ubud | Ubud, Gianyar | 56 rooms and villas | 1996 | 547 to 1,016 | 70 to 78% | Mid-premium boutique most direct ADR comparable for Sidemen base case |
| Como Uma Ubud | Ubud, Gianyar | 46 rooms and villas | 2017 | 625 to 1,094 | 68 to 76% | Wellness-integrated comparable to Sidemen eco-lodge ADR target |
| Puri Lumbung Cottages | Munduk, Buleleng | 17 cottages | 1995 | 312 to 500 | 62 to 72% | Highland eco-lodge in emerging market Sidemen direct analogue |
Data sources: STR Global Bali Highland Benchmarking Q4 2025; Horwath HTL Indonesia 2025; Booking.com aggregated rate data Q1 2026.
The Munduk Trajectory: A 30-Year Development Path in Accelerated Form
Munduk’s property and tourism market from 2010 to 2025 provides the closest historical analogue to what Sidemen’s next 10 to 15 years may look like. Land prices in Munduk have appreciated from IDR 80M to IDR 150M per are in 2015 to IDR 200M to IDR 380M per are in 2024 a 2.5 to 2.8 times increase in approximately nine years, or a compound annual growth rate of 11 to 12 per cent in IDR terms.
Sidemen is at the same pricing stage Munduk was in 2015. The conditions driving Sidemen’s growth trajectory are, if anything, stronger better accessibility, stronger international media coverage, and a more established Indonesian tourism policy framework supporting dispersal from South Bali.
See How Your Development Model Stacks Up
Request a private briefing to discuss how the comparable project data applies to your specific development mandate and return requirements.