PIRI #: PAL-001003 Address: Rizal Avenue Extension Cor. Villaos Rd., San Miguel (formerly Canigaran), Puerto Princesa, Palawan Type: Commercial Property Category: Resale Listed Price: PhP 85,000,000 Description: This property is located in Brgy. Bancao Bancao, Puerto Princesa City which is about 300 meters distance from the airport going left. The total lot area consists of 9 titles which is about 5,483 square meters. The property lot consists of 2 commercial establishments. Notes: One is PALAWAN VILLAGE HOTEL - a hotel and restaurant establishment, occupying 2 titles with more or less 2899 square meters. It started with 20 rooms ranging from executive rooms to classic rooms, at the present time it has more or less 25 rooms. This hotel caters foreign and local tourists with tour packages. Almost all materials are concrete with good lumbers. The area is surrounded with fruit bearing trees and other trees that served shades. The other establishment is GREENWOOD TRAVELLERS RESTHOUSE (Drive Inn), located at the back of the hotel. The area is about 386 square meters with 7 rooms made of mixed construction materials. This establishment caters local guests only. The RESIDENTIAL HOUSE which commonly called as Woodland Summer Home is located adjacent to the hotel which is built in an area consisting of 5 titles, about 2007 square meters. The house is purely made of woods mostly good lumbers. It is surrounded mostly of fruit bearing trees. The residential and commercial establishments has its own boundary but the residence has an access going to each establishments. The whole compound is surrounded with concrete perimeter fence. The road on the right side of the residence consists of 209 square meters lot that serves as the rights of way. THE BUSINESS The Greenwood Inn was built mid of 1990 and open for business February 27, 1991. It was the first Drive-Inn in Palawan. It has 7 rooms with its own garage and made of mixed construction materials. The income from Greenwood was used in constructing the Village hotel. The hotel construction started mid of 1993 which focused on the restaurant. The construction of the rooms was done by phases. There was a partial operation in 1977 with only few rooms and the restaurant. The full operation of the hotel started in year 2000.
Posted on: Thu, 04 Sep 2014 05:58:37 +0000
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