Budget Hotel Bar/Resto for Sale in Manila, Philippines

Excelent Hotel Business Oportunity

This Australian owned and run budget hotel incorporated and registered with the Philippine Stock Exchange in Manila and has 25 A/C rooms each with en suite, cable TV, ref and mini bar, safe, hot water, room service. Excellent location near the US Embassy and Robinson Ermita Mall, many shops clubs and restaurants close by. The hotel has a bar and restaurant specializing in western and Asian foods and drinks. There is also a Travel Agent housed in the building.
Currently operating at 90%+ occupancy all year round with mainly foreign repeat visitors. All plant is in very good and well maintained condition.
This sale is for the lease, business and plant only. The building and land is separately owned and will require a separate negation with the owners if the buyer wishes to purchase same.
The lease had 17 years left on a 24 year lease and current tenant has the first option on renewal.
This excellent hotel business opportunity is on a "walk in walk out" basis with the purchaser taking over an already successfully running operation with the current owners willing to stay on until the new owners are trained if required.
The hotel is for sale as a whole or can be purchased in 20% lots.