Cebu is a dynamic and rapidly rising tourism + business destination with unparalleled GDP growth.
With a new international airport and hotels / top restaurants opening up on a monthly basis, the tourism sector is destined to remain profitable for years ahead.
A 4 star business hotel is available for sale in the heart of Cebu City on a discrete basis.
Between 160-190 rooms, has a cafe with 2 grand ballrooms and several function rooms.
Owner shall sell the corporation which owns the asset to the buyer.
Ask price is 2.2 billion pesos. (Approx USD 40 million). Plus 2% buyer's fee.
Plus some capital gains taxes to be paid by buyer as is usual.
Foreigners can own the hotel under a corporation structure as is being done by hundreds of foreign owners in the Philippines.
Please send email under Contact Us from top right of this blog for any enquiries.
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