for Sale
(Code: BF-7097)
Barrio Barretto, Subic Bay, Zambales, Philippines

FOR SALE
Palm Tree Resort Hotel, Bar and Restaurant

Situated in a prime situation in the popular tourist resort of Barrio Barretto in Subic Bay, this freehold, unencumbered, beach front property presents an outstanding opportunity for investment in the fast growing Philippine tourist industry.

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GENERAL PROPERTY INFORMATION
LOCATION Barrio Barretto, Subic Bay, Zambales, Philippines
About Zambales Province | Map of Zambales Province
LOT AREA 758 sq.m.
PROP. TYPE Beachfront, Resort
PROPERTY INFORMATION
  • 20 luxury guest rooms
    • Including two suite, all with en-suite bath rooms, quality furnishings, king or queen sized beds, split system air conditioning, flat screen, cable TV, mini bar, tea/coffee making facility, telephone and Wi-Fi internet service. Five bedrooms have private balconies. All rooms are keyed with electronic security.
  • The magnificent Palm Tree a la carte restaurant
    • Seating up to 80 guests at internal and balcony tables, all with spectacular ocean views. The state of the art kitchen, with stainless steel fittings throughout, in line with contemporary practice is on view to guests and serves a full range of international and national dishes. A stage provides all facilities for musical entertainment and for bands to perform.
  • Swimming Pool
    • A below ground, concrete swimming pool with adjoining kiddies’ pool and slide. The pool features a swim-up pool bar.
  • The Castaway Bar
    • This is the centerpiece of the Resort featuring a beautiful, circular, hand crafted rich timber bar, comfortably seating twenty two patrons. The bar is fully stocked with a huge selection of imported spirits and liqueurs and local and imported bottled and draft beer.
  • Sports Bar and Swimming Pool
    • A sports bar with pool and darts facilities that provides access to the resort’s private beach.
RESORT SPECIAL FEATURES
  • Landscaped garden with fish pond and bird aviary leading to the attractive Reception
  • A 120 KVA back-up generator
  • A 5000 liter back-up water tank
  • A centralized electronic fire protection system
  • An automated POS system for restaurant and bar
  • Wi-Fi internet service throughout
  • Video monitoring security
  • Boat mooring for up to 60ft vessel
  • Direct beach access
  • Secure off-street parking
OTHER INFORMATION
  • Frontage is on National Highway, Barrio Barretto and the 758 sq.m. property extends to the beach of Subic Bay
  • Freehold, fully titled and unencumbered
  • Planning permission approved for eight additional rooms
BUSINESS INFORMATION
  • Established for 13 years Trades 24/7
  • Website: www.thepalmtreeresort.com
  • Steady occupancy rate averaging 76% per annum
  • Employs 30+ employees depending upon season
  • Reason for sale is that the owners with to retire
  • Price includes land, property, all furniture, fittings, fixtures, inventory, stock and goodwill
  • Training and seamless hand-over can be arranged as required
PRICE USD 2,650,000


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CONTACT INFORMATION
THIS PROPERTY: Code: BF-7097 (Palm Tree Resort Hotel, Bar and Restaurant for Sale - Zambales)
SELLER: Ray Clark
E-MAIL: rayclark347@gmail.com

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MEASUREMENT/ABBREVIATION GUIDE

1 hectare = 2.47 acres | 1 hectare = 10,000 square meters | 1 acre = 4,000 sq. m.
1 square meter = 10.76 square feet | 1 kilometer = 0.62 miles
1 meter = 3.28 feet | 1 meter = 1.09 yards
sq.m. = square meters | PHP or P = Philippine Peso | USD or $ = United States Dollar
m = meter | approx = approximately | km = kilometer | min = minute

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