| Date | Header | Price | ||
|---|---|---|---|---|
| 27/05/2006 | Samutprakarn Apartment Block | 45 000 000 | ||
-- Hotel/Guesthouse -- Other Country -- _Other Country -- --
| Edit | |||
| 27/05/2006 | Hotel in the heart of Manila |
60 000 000 | ||
| BKK11323G - A large, well established Hotel has become available in the heart of Manila, capital of the Philippines, due to owner relocation. The building was acquired in 1989, and completely renovated at a cost of $680,000. With 50 air-conditioned rooms, the hotel is making annual profits of $220,000, from receipts of $785,000. A joint consortium of Filipino and Western interests is running the operation, and the new owner would be acquiring this corporation; this would ensure a smooth transition, and save both sides from incurring any unnecessary transfer fees, lease rights or rental increases. Currently the monthly rent is $5,000, with a long 12 year lease which, on completion, would become a 15 plus 15 year lease. The hotel has always been managed by Europeans, and has built up a good reputation, with considerable repeat custom from businessmen, sports clubs and golfers; in addition numerous resorts use this hotel as a stopover for guests. The owner states that there are no liabilities, and that he is willing to aid the new owner with all necessary immigration permits; he will also pay out all staff and recommend those that he feels would be suitable for rehiring. All rooms have been renovated in the last 12 months, and feature cable television and mini-bars. Larger rooms are even complete with Internet connection, Jacuzzi’s and giant bathtubs, and the owner has a beautiful penthouse with private terrace and Jacuzzi. Facilities include a swimming pool, a 70 seat bar/restaurant, an al fresco sports bar, a rooftop deck area for private functions and concerts, and a travel agency. Located in the heart of the Ermita tourist belt, the hotel sits close to the historical Intramuros walled city, the airport, the US Embassy and the CBD. Total floor space is 2,900 square metres, plus 1,550 square metres of outdoor space. Annual revenue 31,400,000 Baht ($785,000) Annual Owner's benefit (earnings before taxes and depreciation) 8,800,000 Baht ($220,000) Furniture, Fixtures & Equipment included in the Investment Price 48,000,000 Baht ($1,200,000) Your Total Investment to own this business 60,000,000 Your Initial Cash Investment Needed 60,000,000 Baht ($1,500,000) Inventory included in the Investment Price 800,000 Baht ($20,000) | ||||
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