Hotel Seeking Loan in Mambajao, Philippines
Seeking Loan: Boutique hotel with 15 cabanas and 80% occupancy rate pre-pandemic.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 5 - 10 |
| Legal Entity | C Corporation |
| Reported Sales | USD 50 thousand |
| Run Rate Sales | USD 60 thousand |
| EBITDA Margin | 20 % |
| Industries | Hotels |
| Locations | Mambajao |
| Local Time | 8:32 AM US / Eastern |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
3.2 million
for
10.0%
annual interest,
5
years
(Native Currency: USD 3,200,000)
Reason: Expansion of the hotel. An upscale of the business model. The proposed expansion will no longer be l...
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Collateral Available: USD 2 million
Includes physical assets worth
USD
533 thousand
Name, Phone, Email
Not disclosed
Business Name
Available after connect
User Verification
Documents
Business Plan for Expansion
(3.9 MB)
Domain-Verification.pdf
(213.0 KB)
Certificate of Registration
(395.5 KB)
Business Overview
- Located in Mambajao, Camiguin Island, Philippines.
- Facility has 15 cabanas.
- Occupancy rate was 80% prior to the pandemic.
- Colorful and most Instagramable place in Camiguin Island.
- Has own booking platform and linked to most OTA's (Online Travel Agencies) like Agoda, Booking. com, Expedia, Airbnb, Travelocity.
- Popular destination for local and international tourists.
- Owner runs the business from the US and the facility is based in the Philippines.
- Facility has 15 cabanas.
- Occupancy rate was 80% prior to the pandemic.
- Colorful and most Instagramable place in Camiguin Island.
- Has own booking platform and linked to most OTA's (Online Travel Agencies) like Agoda, Booking. com, Expedia, Airbnb, Travelocity.
- Popular destination for local and international tourists.
- Owner runs the business from the US and the facility is based in the Philippines.
Products & Services Overview
The very first accommodation properties in the Philippines that adapted this unique and colorful design. Using colorful galvanized steel materials and turned into a modern chique minimalist cottages that makes it a fun place to stay in Camiguin Island.We are a boutique hotel for tourists and locals.
Assets Overview
- 1 generator 100KVA.- 6 motorbikes for rent.
- 1 L300 vehicle for shuttle service.
- 15 cabana with AC, TV and separate toilet and shower room.
- 6,879 SQM prime land.
- Under construction of 5.5m x 55m lap and kiddie pool.
Facilities Overview
The property has 15 cabanas and can be expanded to 80 or more rooms. The background of the cabana is the beautiful Mt. Hibok-hibok. Property is owned.
Capitalization Overview
- Business is self-funded. We purchased the land and built the cabanas.- Family own corporation.
- Small bank loans were used to acquire 2 adjacent lots and build a 5.5m x 55m lap pool and kiddie pool.
Recent Activity
-
Earlier than 15 daysDirector, Hyderabad, Financial Consultant connected with the Business
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