Asking Price: ₱200,000,000 Location: Manila
When industry experts harked the downturn of hospitality businesses, they missed the mark with the Profitable Pandemic-Proof Hotel.
This Profitable hotel offers a good rate to stay for people who will take CPA, Nursing, Marine, Law board exams, and parents visiting their children. To name a few top schools in the Philippines near the hotel are FEU, UST, UE, and many more. The land, building and business package could be managed locally, or abroad. They have 5 existing employees.
This presents a golden opportunity to own a real estate with business in the heart of University Belt. Selling at ₱ 200,000,000 (+ any applicable taxes) negotiable, the entry price investment level provides existing cash flow and immediate upside for a dedicated owner, operator.
This 25-room hotel defies all logic and continues to enjoy great occupancy rates (and profitability) even after the quarantine was in place.
In this particular area where properties mostly cater to students, the young entrepreneur who established this hotel property saw a niche and implemented his vision of a working man's hotel in a sea of dormitories. His hotel caters to the parents of the students who live in dormitories in the area, board exam takers, and marine professionals who need quarantine before and after disembarkation.
Each floor of this hotel works and generates income, including the rooftop. The ground floor is a spa, the 2F up to 6F are hotel rooms. Finally, the hotel leases out a portion of the rooftop to a telco for a fixed monthly income. In addition, the owner installed solar panels on the rest of the rooftop to save on electricity.
Currently, the hotel's exclusive marketing partner is a well-known multinational hospitality brand, and they use the online tools of the partner. During due diligence, it will be easy to show proof for the occupancy and earnings.
Up for sale are both the real estate and the businesses of the hotel. This property is probably one of the best performing pieces of real estate in Manila.
BENEFITS OF OWNING THIS BUSINESS
- Profitable business
- Constant increase of the property value per year due to its location
- Monthly sales during pandemic period ranges to 500,000 to 1,000,000+
- Prime location (University Belt)
- Big income potential