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Price: Php.145,000,000
Address: San Remigio
City: San Remigio, Cebu
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Lot Size: 38000
Status: Available
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Full Description: RUSH SALE!!!! NET OF BUYER
BEACH HOTEL for sale, inclusive of:
1. 38,000 sqm lot with white sand beach
2. 30 rooms with balconies facing the Beach and vary from 30 sqm to 50 sqm
3. 6 Beachfront Bungalows, 50 sqm including shower and toilet
4. Swimming pool, sunshades, Shower house and two separate saunas
5. Bistro Restaurant with indoor and outdoor dining with attached recreation rooms for Billiard & Karaoke, Coffee shop with big bar, Lounge with Karaoke and Movie set and office with storage rooms.
6. Fully furnished and operational
7. In house electric transformers and water wells
The Hotel is fully furnished with a lot of leather chairs, leather tables, designed by Ernest Hemingway, from his Safari Collection, all rooms have oil paintings, there Are TV's and Satellite Dishes for most rooms, there are Antique cabinets and Desks, a lot of American designed wood tables, leather chairs, etc.
The Resort is about a two-hour and fifteen minute drive from Mactan International Airport or from the City.
The first 110 kilometer road is concrete, the local entrance road is a 1km sand road and through the golf course is concrete. The resort is situated in San Remigio, on the west coast, by the Tanon Strait facing Bantayaan island.
The entire San Remigio area was declared Tourist Zone by the Municipal Government 20 years ago and today the local government is supporting the project to promote the entire area for tourism development.
Current employees in the hotel are 15, There are no current CBA s, no strike and no labor problem in Casa del Mar Hotel.
OWNERSHIP IN RP
All improvements like Hotel buildings, utility installations, etc can be sold to a 100% foreign company as
separate assets. The land must be sold to a 60/40 corporation.
LEASE
Land can be Leased for 75 years and then extended with 25 years increments. Spore and China are doing most land sale by Lease
PAYMENT
A 10% deposit upon signing Agreement to Sell. Balance payment upon signing Deed of Absolute Sales. There are 4 DoAS, 2 for land, 1 for Buildings and 1 for FFE.
PRICE
The price was set to Peso 145,000,000 NET to BUYER.
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Listed by: Henry Sta. Teresa
Phone: (+6332 )5124062
Mobile: +63920-9213341 Sun Cell. 09228-036630
TeleFax: (+6332 )2390813
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