Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Commercial Property For Sale. Bank Foreclosed Hotel In Legazpi
LISTING DETAILS
Firms For Sale ID:
186
Vendor reference:
HTL 848
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$1,000,000 - $5,000,000
Furniture, fixtures and fittings included.
Furniture, fixtures and fittings included.
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed
Years established:
18
Trading hours:
24
OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
This hotel is located in Legazpi City, Philippines. A 7 storey Hotel with over 80 guestrooms. This is a sound investment, not only do you get the hotel, but also a large piece of land, in total 18,865 sqm. A separate building that houses a theatre, which would work as a conference hall, wedding receptions, and or a music bar in the evenings. The extra land could be utilized as a casino or low rise condominiums or private houses. The hotel has 2 road entrances which makes it easily accessible. And is the only hotel to have a large conference hall. A full appraisal and land deeds are available. This hotel is closed, but has been valued at 310M Peso, and now for sale at 230M Peso.
Expansion Potential
With over 18,000 sqm of land, a casino, condominium can easily be built, there are 2 separate entrances to this property.
Market / Competition / Non-Competition Agreements
Only 1 other hotel in the area, and has not got the scope or potential this one has.