Two Hotels for the price of one
Asking PRice
₱140,000,000
Industry
Tourism
Price Category
100M to 999M
Location
Metro Manila
ABOUT THIS BUSINESS FOR SALE
The Company has been in the hotel business since 1988. The first property—was built on a leased vacant lot in Makati City. It had 28 rooms. The lease terminated in 1998.
Revenues from that first hotel venture were sufficient to purchase a vacant lot directly behind it. The decision to purchase the vacant lot was made in order to secure a long-term permanent investment. The Hotel Inn was built in 1999. It boasts of a 35 room Inn with owners penthouse on the 5th Floor.
For further expansion, the 2nd Inn – is located literally 40 meters down the street from First Inn. A 5-storey edifice with basement and roof top deck was constructed on yet another purchased vacant lot.
In 2010, Hotel-Inn opened its doors. It boasts of 28 guest rooms, an in-house food and beverage outlet, a basement laundry to service operations and house stay-in employees.
The Hotel Inn has a market following. The current owners/management created a niche for themselves by way of excellent in-house service. They know most of their guests by name because they repeatedly return to the Inn when in Makati. The Hotel has a 30 year history after all.