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Oasis park hotel (ID: 14655)
Hotels Under 100 Rooms | Manila, Philippines |
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| Price: |
Not disclosed |
| Status: |
Expired |
| Rooms: |
47 |
| Year Built: |
1989 |
| Lot: |
2000 SQM |
| Construction: |
4000 SQM |
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Property Description |
Description:
The “Oasis Park” hotel is truly an “Oasis” in the heart of old Manila. It is a very unique, boutique hotel with an abundance of charm and comfort. It is a must see to appreciate property. The operation is held under a corporation. The new operators would purchase this corporation. This would make for a smooth transition of business, and save both sides any undue transfer fees or lease rights and rental increases etc. This is a very well known and established business. It has a very good clientele, and following with a good reputation for security and friendliness. It has always been under international management. Past managers include “Australian and British” The current management is “Dutch and Australian”, this gives it the reputation of being one of the few places regulars can get the assistance needed by foreigners in Asia. It is a favorite for a lot of the regular Hong Kong businessmen, football teams and the regular golfers traveling to this country. It has also become the spot that a number of resorts use as their stopover hotel in Manila for their guests because it has all the facilities to accommodate secure clean and efficient transfers. This hotel is a one-stop shop it has everything one needs. The current management would assist any prospective buyer to secure all the proper residence and immigration permits etc if they needed. Current operators would also pay out all the staff and recommend all those that should be rehired.
Facilities:
A) 47 beautifully appointed, standard, deluxe, superior and suite rooms located in the heart of old Manila
B) All rooms have a unique and completely different décor, ranging from “Business” theme to a “Red room” and to the “Pharaohs room”
C) All rooms fitted with mini bar a/c and hot and cold water.
D) All rooms equipped with cable TV.
E) All deluxe and superior rooms fitted with giant bathtubs.
F) Suite room fitted with huge Jacuzzi
G) All these rooms above renovated over the past twelve months.
H) The hotel is completely fitted out with wireless internet
I) Several rooms have high-speed cable Internet connections to accommodate the business clientele.
J) There is one nicely appointed conference room.
K) One fully equipped apartment including private kitchen and dining facilities. Renovated 2005.
L) One huge, fully equipped managers/owners penthouse with private terrace and Jacuzzi. Newly renovated in 2005. (This is beautiful)
M) Fully equipped office and business area.
N) Travel agency office.
O) Fully equipped front desk area with high-speed Internet connections and small café area. And switchboard and safety deposit boxes etc.
P) Help and ancillary desk area.
Q) Fully equipped hotel kitchen operational 24hrs. With dedicated stock rooms.
R) Fully equipped 50 seat bar/restaurant operating 24hrs a day.
S) 24hr room service.
T) Small cozy 16seat alfresco sports bar. Great for the Monday night or Saturday afternoon football games. And small private gatherings.
U) Large open roof deck area used for private functions and we’ve even had the occasional live concert.
V) Large poolside and BBQ area also great for private functions and general hotel usage.
W) Pool table and darts area by the poolside.
X) Two satellite dishes (Including Super Sports) ensure that we can accommodate all sporting events live from most parts of the world including the Rugby, cricket, and English league, Spanish league, NBA, Baseball, Gridiron, Golf, tennis and many other events.
Y) A huge database of local and international clients.
Z) The first and longest running social Golf club in the Philippines with a large database of members. We run and sponsor two great tournaments a year for between 50 to 70 players.
AA) A very good central location.
BB) The price includes one mini bus and one superb 8 passenger limousine (A one of a kind).
CC) Includes a gen-set that runs the whole building.
DD) Includes a forty-foot freezer container.
EE) There is a vacant area on the ground floor perfectly suited for building a Videoke or Go-Go bar or Massage/beauty parlor etc.
FF) In house laundry and maintenance rooms.
GG) Registered Limousine service with vehicles and permits to enter the airport is included
HH) Many spare parts materials, tools and equipment etc.
• Location - 1032/34 Belen St Paco Metro Manila. This is located on the fringe of the famous Ermita tourist belt with very good access to the China town, Little India, Local golf courses, US embassy, Chinese embassy, The C.B.D. Domestic and International airports, Ferry terminals, Bus terminals, Intramuros walled city, Paco Park, Rizal Park, Historical sites, Immigration head office, Maritime offices, Most Government head offices, The best restaurant and bar districts of Manila and the University belt etc. This area is what the locals’ term as the heart of old Manila.
• Building size-approximate Building size is 2900sqm covered; 950sqm open roof-deck, and 600sqm courtyard with pool and BBQ area. (These are only estimates.)
• Parking -there is well lit on street parking available for approximately 20 cars in the immediate vicinity. There is much more around the area. This is well guarded by our own security and free of charge by local Tanod (civilian community police) whom we have a very good relationship with.
• Monthly rent-The monthly rent is currently about P300.000 or $6000.
• Lease agreement-This property currently has a 12yr lease. However upon the successful negotiations of lease rights sale this will be increased to a new 25yr lease with a 25yr option.
• Contact numbers. Office = 63/2/5212371-75
Mob= 63/917/5280014
E/mail= bill@imaginet.com.ph
For confidentiality purposes it is preferred all communications go through either the e/mail address or the cell phone.
• Monthly payroll-approximately P240.000.
• Number of employees-approximately 35 full time and 12 part time.
• Days and Hours of operations- this hotel business is a fully operational 24hrs a day 365 days a year, bar, restaurant, room service and hotel operation.
• Tenure to date – This formerly dilapidated building was renovated at the cost of $680,000 in 1989-90 It has been very successfully operated since its official opening in July 1990.
• Total value of assets-Total value of furnishings fixtures fittings equipment including vehicles generators etc is estimated at well in excess of P65.000.000. Or U$1.5m. There has been over $400.000 spent on almost completely renovating the place just a few years ago.
• Personal effects – As the current operator in the penthouse on the premises everything in the penthouse is personal effects and will be removed post sale. There is a few other memorabilia around the property that are likewise personal affects and they will be itemized and marked prior to sale and removed post sale.
• Current Value of inventory-approximately $50.000. (this varies from day to day).
• Purchase price- $1.500.000 “cash. In real terms I am including the cost of assets and business as one, and do not include the freehold land value.
• Reasons for sale- Current operator has been in Asia for 28 years and involved with the service businesses such as Bars, restaurants, resorts and hotels for most of that time. He has become tired of the service industry and combined with the fact that he has married a European woman whom wishes to spend more time in Europe and traveling he feels its best that he take a sabbatical from this industry and enjoy a well earned extended rest.
• Current business liabilities: None.
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