Buying or Leasing an existing Hotel in Boracay is a good investment due to the influx of tourist all over the world who wants to visit and keep on going back to the Island.
There are few points to consider in buying an existing hotel,The land and building should have ownership proof that it is on the Seller’s name. Aside from this, the buildings or improvements should have proper tax declaration, building permits and occupancy permits to comply with the Local government requirements.
Again the service of a knowledgeable Professional Real Estate Broker is a big help to avoid future problems.
