Hotel for Sale in Subic Bay Freeport Zone, Philippines
Our client is inviting buyers for a well running hotel business in the Philippines. It is established on 3.5 hectare land taken under master lease agreement terms. Core assets include five commercial buildings. The hotel and commercial leasing business or the core assets are the subject assets for sale by our client.
It's located in the main area of central business district and within the immediate vicinity of the property, there is a mall, an educational institution and various commercial establishments. Subic Zone is considered as the most robust ecotourism destination in Central Region in the Philippines.
The subject property is a Military-Grade facility converted into an alternative productive asset use. Suitable for commercial real estate, housing, hotel, condotel, resort, retirement facilities. The core assets has 23 years remaining lease use out of the 40 year master-lease agreement but it could be extended by another 25 to 50 years with the SBMA if the acquiring company could commit additional investments in transforming the said site into a master-plan mix-used development.
Have 450+ rooms spread on 5 commercial building.
Earlier than 15 daysM&A Associate, Cavite City, M&A Advisor connected with this business