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Freehold Beach Front Resort Hotel And Restaurant For Sale

Olongapo, Manila, Philippines
Asking Price:
$2,800,000 (USD) Furniture / Fixtures included
Sales Revenue:
$100K - $250K (USD)
Cash Flow:
$100K - $250K (USD)

The PALM TREE RESORT HOTEL, BAR AND RESTAURANT is situated in a prime situation in the popular national and international tourist resort of Barrio Barretto on Subic Bay. This freehold, unencumbered, beach front property presents an outstanding opportunity for investment in the fast growing Philippine tourist industry. The three storey resort was conceived, established and developed over the past 20 years by the present Owners, who now wish to retire.
The 798 m² (1,586 m² developed) European designed and built resort encompasses –
• 23 luxury guest rooms, including two suites and four family rooms, all with en-suite bath rooms, quality furnishings, king or queen sized beds, split system air conditioning, flat screen, cable TV, refrigerator, tea/coffee making facility, telephone and Wi-Fi internet service.
• The Palm Tree a la carte restaurant, seating up to 80 guests at internal and balcony tables, with spectacular ocean views.
This encompasses a state of the art kitchen, with stainless steel fittings throughout, which, in line with contemporary practice, is on view to diners. The experienced chefs create a full range of international and national dishes.
The restaurant has a stage with all facilities for bands and musical entertainment.
• The Castaway Bar. Adjacent to the restaurant, is the centrepiece of the Resort seating twenty two patrons. Around the centre of the bar are flat screen televisions with access to most international channels. The bar is fully stocked with a huge selection of imported spirits and liqueurs and local and imported bottled and draft beer.
• A pool bar, situated on the ground floor, servicing poolside patrons and those using the Resort’s private beach.
• A below ground, concrete swimming pool with adjoining kiddies’ pool and slide. The pool features a swim-up pool bar.
• During the dry season an extensive, off-shore floating playground

Property Information

Real Estate:

Real Property Included


Barrio Barretto Subic Bay Zambales Philippines

Premises Details:

798 square metres of land; 1586 square metres of resort and facilities

Business Operation

Expansion Potential:

Regulations restricting beach front buildings to 2 stories have now been amnded and 6 stories are permitted and

Competition / Market:

There are several other Resort Hotels in the area but the Palm Tree dominates by reputation.

Reasons for selling:

Owners are in their 70s and 80s and wish to retire

Trading hours:

Reception , bar and restaurant are currently open from 7.00p.m to 12 a.m. every day. This will shortly be changed to 24/7

Years established:

Other Information

Support & training:

Will be provided as required to ensure seamless transition of ownership

Furniture / Fixtures value:
$250,000 (USD) - included in the asking price
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