Serviced Apartment for Sale in Cebu City, Philippines

- A newly built premium hostel located in Cebu City. The current hostel is a new branch of a well-established hostel based in Cebu City. We have won a customer's choice award for our excellent services.
- Have separate rooms and also sharing rooms with bunk-beds.
- Highly automatized and efficient systems in place.
- Located in an upscale neighborhood, easily accessible to malls, restaurants and bars, airport and port.
- The hostel has more than 20 fully furnished rooms with air conditioning units, hot water supply, and hotel quality mattresses and linens. We have a total capacity of 100 beds.
- Prior to the pandemic, the hostel had an average occupancy rate of 65%. Currently, our operations are extremely minimal.
- Our target audience are tourists, young professionals and foreigners.
- We also have a restaurant and bar (Western and Asian fusion cuisine) with a maximum capacity of 45 patrons, a spa (nails, hair and body massage) and a dip pool. The restaurant is currently shut while the spa has been open since September. We have 2 people working at the spa currently.
- Have an active Facebook (7,500 likes) and Instagram page (2,500 followers) for the hostel. We have also engaged in paid advertising through Facebook and Google advertising.
- We also accept bookings on online portals like agoda and booking. com.
- Sale would include entire business, including all physical assets.