Operational Cebu Resort and Convention Center for Freehold Sale
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  • Operational Cebu Resort and Convention Center for Freehold Sale
For Sale

Operational Cebu Resort and Convention Center for Freehold Sale

Listing Number:

  • 063-26-31-001

Asking Price:

  • PHP 225,000,000

Accommodation Resort
Cebu Cordova

Business Details

Company:

  • Yes

Licenses:

The following licenses are included:
  • Food
  • Alcohol
  • Other

Accommodation Capacity:

  • 350

Number of Guest Rooms:

  • 55

Property Details

Transfer Fees:

  • Apply and will be paid by the Buyer and Seller (Divided Equally)

Land Size:

  • 20,000m2

Connected Utilities:

  • Power
  • 3 Phase Power
  • Water
  • Internet

Land Improvements:

  • Livable Dwelling/s
  • Unlivable Dwelling/s
  • Unsealed Road/s
  • Foot Paths
  • Landscaping
  • Fencing
  • Drainage
  • Irrigation

Stock:

  • Stock at the time of settlement is Included in the asking price

Price Negotiable:

  • Yes, near offers will be considered

Agent's Comments

This long established resort and convention center set on 20,000m2 of landscaped land in Cordova is being offered for freehold sale. 3 family homes, 55 rooms of various configurations sleeping 350 guests, it also has a restaurant, 2 kitchens, 11 indoor function rooms, 4 outdoor function areas, massage, swimming pool and a host of other facilities to keep guests entertained during their holidays. It is popular with Filipinos, but the majority guests are foreigners, with the main business coming from functions and convention groups and the restaurant is also very popular. Up to 12 functions a day can be hosted and the kitchens can feed up to 6,000 a day. The outdoor amphitheater with stage has a capacity of over 1,000 people.

All licenses are current and will be transferred including business name, permits for food, beverage (including alcohol), and other clearances and permits like mayors business permit, sanitary clearance, environmental clearance, etc. Branding is well-established and included and the resort management and staff, some of whom have been there for a very long time will remain to assist a new owner.

The owners are seeking a reasonably quick sale due to health issues and have pitched the price particularly low in order to achieve this. Considerable additional information is available to genuinely interested buyers who complete a standard non-disclosure agreement (NDA) and who are ready and able to fund and commit to a purchase of this type in a reasonable period of time. Due diligence may be conducted by interested parties after initial inspection.