Hotel For Sale in Makati City

Hotel For Sale in Makati

Located in the heart of bustling Makati, accessible via the city main thoroughfares such as Ayala Avenue, Chino Roces, Jupiter Street. A few minute away to the Central Business and Commercial districts. Ideal haven for local and foreign tourists, transients and visitors. With modern accommodation facility and spacious suites rooms for clients. The rooms are spacious and furnished with a mini bar, safety deposit box, flat screen TV, wifi internet, key card access.
The Hotel features the following: Lobby, front desk counter, Bar, Restaurant, CCTV 24 hour security, all rooms with Air-Condition, and ready to operate.

The Hotel has 2 buildings, Can be sold separately:

-Building A:
22 rooms, with a Gross Income of P1.2Million per month and with a Bank Loan of P13.5Million, 5 story building. Price for these Building is P240 Million:

-Building B:
52 rooms, with a Gross Income of P1.5Million per month and with Bank Loan of P20Million, 5 story building with basement, 4 cars parking, Price for these Building alone is P432 Million:


Note:
Currently high Occupancy rate, can be sold Separately.
Total Average Income for both Hotel Building A & B is P2.7 Million per month.

Breakdown details per building:
Lot Area: Building A: 220 sqm Building B: 430 sqm
Total Lot Area: 650 sqm
Floor Area: Building A: 1,200 sqm Building B: 2,160 sqm
Total Floor Area: 3,360 sqm
Total Rooms: 74

Total Asking Price: P672,000,000.00 (for both Building A&B)

Note:
Perfect viewing to see the Rooms 1pm to 2pm
Mostly tourist and Local Filipino form (per day, 2 to 3 days, or if local 1 week stay)