Two Resorts for Sale(Code: CM-9336)
Cordova, Mactan Island, Cebu, Philippines
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FOR PARTNERSHIP OR SALE
Profitable Resorts

Motivated seller—priced to sell

Highly Profitable

More profitable than most resorts

118 million (20 million after tax net)

Unique and Diversified Businesses

o   Popular Venue for Events and Conventions (nationwide)
o   Foreign and Domestic Tourists
o   Large Company Food Concessions (up to 7000 fed daily)

Exceptional Staff

Resort runs itself - minimal input from the new owners

“Most Beautiful Gardens in Cebu”

(Comment made by consultant/trainer for Shangri-La Resort)

Boat dock for island hopping

Great Location

Cebu resort:

o   Waterfront property
o   Nearest Mactan Island property to downtown Cebu City

Bohol:

Near the nation’s biggest water park (coming)

Cordova Land is Currently Undervalued

Maribago waterfront land is selling for up to triple Cordova land prices

Land Appreciation Potential

New Bridge scheduled for 2021

Resort is first exit - Direct to downtown Cebu City

Local brokers and bankers anticipate substantial land appreciation

Good value

o   ROI-could be as fast as 2-3 years (land + profits)
o   Some upscale houses cost  substantially more with no profits
o   Forbes Park-Average price: Php532.38 million

SM plans 4 or 5 tourist-islands with a look and feel of Venice, Italy:
https://www.sunstar.com.ph/article/1769911

SM concept models after Sentosa, Singapore:
https://www.sentosa.com.sg/

More photos here.

 
GENERAL PROPERTY INFORMATION
LOCATION Cordova, Mactan Island, Cebu, Philippines
About Cebu Province | Map of Cebu Province
PROP. TYPE Commercial, Business
PROPERTY INFORMATION A Unique Multi-Purpose Resorts specializing in:
  • Our guests include people from all walks of life. Families, students, backpackers, romantic minded, long stay foreign guests, etc.
  • Large scale events, functions, weddings etc. With long established customers nationwide
  • Corporate food concession that feed 6000 per day, generating profit margins up to 35%
  • Live-in foreign language packages for students studying English and online teaching of English
  • Welcoming, family-style sociable community
  • 7 day a week live entertainment

Guest Capacities:
  • Sleep capacity of 350 people when dormitories are included.
  • 12 function rooms, largest seating 800
  • Currently running up to 12 functions on a single day
  • 55 creatively designed guest rooms
  • 10 dormitories for 300 group sleeping beds
  • 1 Restaurant 1 kitchen for restaurant and 1 corporate kitchen that can feed up to 6000+
  • 3 events stages from which we feature live entertainment, 7 nights a week
  • Outdoor amphitheater and stage area with capacity of well over 1000
  • Total events capacity of 2500
AMENITIES
  • Sturdy 20 foot concrete wall surrounds the resort
  • Boat dock for small vessels
  • Poolside Restaurant and Jungle Bar
  • Native style architecture with tropical village feel
  • CCTV covering entire resort and inside key areas
  • Bounce House activity for family and kids
  • 6 acres of Fully Landscaped gardens (once dubbed “best gardens in Cebu” by industry professional)
  • Nearly new back-up generators sufficient to power entire resort
  • Wi-Fi internet service throughout
  • Expansive, secure off-street parking
OTHER INFO
  • Click here to view Bohol Two Resorts for Sale
  • Room for Major Expansion- 1st exit off bride to downtown Cebu
  • 80% of the 42,000 sq. meter properties are unimproved and available for expansion
  • Opportunity to expand into other businesses (similar to New Town Mactan) - Garden mall, call center, wellness center, medical tourism, etc.
  • Sellers retiring and motivated
PRICE

Asking price: PHP 280 Million (56% of market value)

Note: Further discount for buying both Cebu and Bohol resorts. With more things to do and a service oriented, happy company culture, Alta is more fun!

Flexible on terms:
Option 1. Possible to buy either or both
Option 2: Sellers willing to retain some of the land for a lower price to buyer


Click to find out price in other currencies.

CONTACT INFORMATION

THIS PROPERTY: Code: CM-9336 (Two Resorts for Sale - Cebu)
E-MAIL: 1234mitzi@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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