Operational Cebu Resort and Convention Center for Freehold Sale
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- Operational Cebu Resort and Convention Center for Freehold Sale
Operational Cebu Resort and Convention Center for Freehold Sale
Listing Number:
- 063-26-31-001
Asking Price:
- PHP 98,000,000
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.