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Two hotel properties sold conjointly as one :
Both properties are located on in Makati City, only 30 meters away from each other. This makes for convenient hands-on day-to-day management.
PROPERTY NO 1. :
******** Inn, built year 2000, with owners 3 bedroom penthouse currently converted into units for rent, has a total 36 guest rooms, 5 storey, walk up. Coffee shop kitchen on lobby ground floor.
PROPERTY NO. 2. :
Franchise ****** Inn built year 2008, with basement laundry, open roof deck, and admin offices headquarters for both inns. Total 28 guest rooms. Coffee shop kitchen on lobby ground floor.
See www.****** .com
Both properties located 30 meters away from each other for easy capture of a loyal customer base-- corporate and walk-in individual clientele.
Completely turn key, investor may simply continue operating an existing debt- free ongoing business. Perfect for foreign investors who may simply buy 100% of the Corporate Shareholders Stock thereby owning the corporate and all its assets outright. The company is debt-free so no liabilities are included in the purchase.
Two methods to transfer ownership of the properties may be effected namely;
Outright Purchase of 100 percent of stock in the existing corporation that owns the Land Titles to the Properties. This method allows for an almost tax -free transaction since no real estate is sold to the new investor, who is buying the entire stock holdings of the Corporations. Land Titles are registered under the names of the Corporations. Buying all stocks in said corporations effectively transfers ownership thereof. In this instance, the SELLER will shoulder the VAT to transfer all ownership stocks to the Investor. This is perfect for foreigners who are allowed to own shares of stock in Philippine Corporations, but not own land.
Traditional Real Estate Purchase However the Investor must shoulder ALL the normal real estate taxes thereon. It is more expensive to do so because taxes are-- Capital Gains, Transfer Tax, Miscellaneous Fees and VAT.
Both properties cannot be sold separately. Both must sold together in one sale.
Both properties are impeccably maintained. Come walk in anytime to conduct your own unsupervised ocular surprise visit to catch us in our "normal" operating condition. Inspect without notice to "spot-check" us any given room at any given moment without warning.
Real Property Included
There is a 3 bedroom Manager's penthouse included.
The two properties are located right at the periphery of the Makati Central Business District in a zoned neighborhood reserved for lodgings, apartments, dormitories and private houses.
We are a 2- minute walk to Makati Cinema Square and Waltermart Shopping Malls. Restaurants and night clubs are in our immediate 1 kilometer radius.
Ayala Avenue, the Wall Street of the Philippines is a 10 minute leisurely stroll away. Makati Medical Center only 8 minutes walk from us.
Fort Bonifacio City in Taguig is 15 minutes away by taxi.
We have written an operations manual from scratch for each and every department so that it is feasible to sell the brand name ****** International Inns as a nationwide franchise.
There are 6 establishments offering the same price points in our neighborhood but we have a distinct advantage over these. First is we have been the geographic marketplace the longest and have established loyal clientele. Second, we are family operated, hands-on and pay close attention to detail. Third, we are debt-free and can weather a downturn cycle in the economy until a general recovery rebounds. We've been in business for 29 years.
I, the founder of ***** International Inns, began this business in 1989. I've worked the better part of my adult life establishing the business and while I do not regret the 30 years spent on the endeavour, I now wish to change direction and invest in biodegradable packaging solutions for the planet.
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