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Newly Established Hotel Seeking Loan in Manila, Philippines

Company starting a low budget hotel with short time rates, 4 floors (27 rooms).

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Hotels
Locations  Manila
Local Time 4:56 AM Asia / Manila
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 35 thousand for 10.0% annual interest, 1 year (Native Currency: PHP 2,000,000)
Reason: To finish the construction of our hotel so we can start operating soon.
Collateral Available: USD 24.5 thousand
Includes physical assets worth USD 24.5 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview
- Constructing a low budget hotel that offers a short-time stay like 6 hours, 12 hours and 24 hours. This is more profitable than offering 24 hours per day.
- Property consists of 4 floors and has 27 rooms and a club on the ground floor.
- Need funds to finish the construction and start operations.
Products & Services Overview
We are into franchising and managing hotels, inns and pension houses. Developing our own hotel.
Assets Overview
Assets include intellectual property and other related things.
Facilities Overview
We have a 4 storey building that consists of 27 rooms and a club on the ground floor.
Capitalization Overview
Not Disclosed
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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