Global Recreation Company

Nord Nest —
a boutique hotel in Kintamani

A hotel complex on the slope above the Batur caldera: eight villas, a restaurant, a spa, a thermal complex. The volcano in view from every villa.

$190,000

Entry

A ten percent stake in the operating company

$2,962

A month to the investor

Per the model, at 80% villa occupancy

18.7%

A year

Calculated August 2026

Income is a model calculation, not a fact: 80% occupancy and a $185 nightly rate are assumptions as of August 2026. The downside case, at 50%, is in the model file.

Live Canggu prices and the caldera sample are in the article “Bali villa rental yield”.

Status
Under construction, handover at the end of February 2027
Stakes
A pool of seven stakes. One open as of October 2026
Land
Two plots under land lease agreements dated 15 September 2025, Batur Selatan village. The plots and buildings are held by PT Nord Nest Bali, the project company
Nord Nest from the air, September 2026: eight A-frame villas on the ridge, the Batur caldera and volcanoes behind

One box costs the same

A standalone villa in Bali starts at roughly $180,000; the mid range in Canggu and Uluwatu is $300,000–600,000 — open listings as of September 2026.

A stake in Nord Nest

Costs $190,000. That buys part of the complex's operating company, with three revenue streams: the villas, the spa with its thermal complex, and the restaurant.

A standalone villa

Gives one stream, one occupancy rate, one season. Then an outside management company takes 20–30% of revenue — over ten years, that is the price of another house.

What's part of the project

Four streams with different seasons.

01

Eight villas

The main stream. Each sits at its own point on the slope, with the caldera in view from every one. In the model — 80% occupancy at an average $185 a night, revenue of $36,013 a month.

02

Restaurant

Serves the complex's guests and outside traffic from Kintamani. Its own marketing, its own revenue. In the model — 60% occupancy, revenue of $27,145 a month.

03

Spa

A stream loosely tied to villa occupancy: the spa sells to guests from across the area. The model counts the spa and the thermal complex as one line: 70% occupancy, revenue of $21,787 a month.

04

Thermal complex

Runs in the rainy season, when villa occupancy is lower. Keeps revenue up in the low season and draws the area in.

Where the $2,962 a month comes from

50%

Villas

$1,493 a month

36%

Spa and thermal complex

$1,068 a month

14%

Restaurant

$401 a month

A ten percent stake in the net profit of each stream. Per the model as of August 2026, realistic case.

Four sources with different seasons — the complex's revenue depends less on any single figure.

The villa is a two-level A-frame. Downstairs, a living room with a fireplace and a kitchen; the gable is glazed end to end, with the caldera in view from the room. Upstairs, on the mezzanine under the roof, the bedroom. A terrace in front of the house.

Render: a Nord Nest villa at night
Render: villa interior with a fireplace
Render: the spa

Project renders

Inside the villa

  • Render: villa living room, fully glazed gable and terrace, mountains at sunset behind
    The gable is glazed end to end — the mountains in view from the living room
  • Render: mezzanine bedroom under the roof, a window onto forest and mountains
    The bedroom on the mezzanine under the roof
  • Render: living room — a timber table, a woven rug, a hanging fireplace
    Downstairs, the living room with a hanging fireplace
  • Render: villa living room in the rain, mist over the slopes behind the glass
    The same view in the rainy season

Villa interior renders

Ruslan Sapega, founder and architect of GRC

Where the build stands

As of October 2026, the frames of all eight villas are up and the restaurant slab is poured.

The live feed from the site runs around the clock. You can visit the site on any working day — a message a day ahead is enough.

Budget overruns are covered by GRC; this is fixed in the contract.

Nord Nest render from above: main building with pool, eight A-frame villas in two rows, gardens Nord Nest from above, September 2026: eight A-frame villas and the main building slab Render Today
Left: GRC render, right: site flyover, 25 September 2026 — drag the line. Photo: GRC, Nord Nest

The build, month by month

25 Sep 2026
Footage: GRC, Nord Nest
  1. 30 August 2025. The site before clearing: a green slope above the caldera
    30 August 2025 The site before clearing: a green slope above the caldera
  2. 2 December 2025. Terraces cleared
    2 December 2025 Terraces cleared
  3. 13 February 2026. Pits and rebar for the foundations
    13 February 2026 Pits and rebar for the foundations
  4. 30 March 2026. A finished villa slab
    30 March 2026 A finished villa slab
  5. 27 April 2026. All eight slabs done, A-frames going up
    27 April 2026 All eight slabs done, A-frames going up
  6. 22 May 2026. A villa being clad
    22 May 2026 A villa being clad
  7. 23 June 2026. Villas being clad
    23 June 2026 Villas being clad
  8. 12 September 2026. A villa: clad outside, frame inside
    12 September 2026 A villa: clad outside, frame inside
  9. 25 September 2026. All eight villas clad
    25 September 2026 All eight villas clad

Photo: GRC, Nord Nest

Financial model

A summary of the live model of the property. The full file is one click away.

Get the full model
Investment
$190,000 — a ten percent stake
Yield
18.7% a year at 80% villa occupancy and a $185 rate, calculated August 2026
Downside case
Run at 50% villa occupancy — in the model file, with the rest of the assumptions
Payback
5.3 years on the same assumptions
Lock-up
Two years from signing

The model is open in full: every assumption, the downside case and the date of calculation.

What people ask before they come in

The pool is seven stakes. As of October 2026, six are closed and one is open. Co-owners get the pool status monthly, with the report.

Why Kintamani

The Batur caldera is the natural landmark. It is in view from the whole slope and will stay where it is under any development of the area.

The site sits on the slope away from dense development: below the villas is forest, and the view runs open all the way to the caldera.

A hotel can be repeated. A view of an active volcano belongs to the place. That is what the asset's value rests on.

Map of Bali: the Nord Nest site in Kintamani Denpasar Nord Nest · Kintamani
Open in Maps → Island outline — OpenStreetMap
View from the Nord Nest site over the caldera: Batur, Abang and Agung
Photo: GRC, Nord Nest
A finished Nord Nest villa slab, with the Batur and Agung volcanoes ahead
Photo: GRC, Nord Nest

See the project

We'll get back to you within a business day.

What works for you

We'll get back to you within a business day.