Hotel and Restaurant For Sale

In the spirit of the old saying, “nothing stays the same and change is inevitable”, IDEA continues to seek ways to improve its sustainability efforts through its Income Generating Projects. This means we must change with the times.
About 10 years ago, IDEA built a dormitory for the Jagna deaf elementary school children just across the street from the government elementary school. Along with housing students we began operating a small restaurant and hotel in the same structure. As time went on, it became apparent that we would be better to separate the business and the dormitory so we built a different building to house the students and converted the original structure into all hotel and restaurant known now as the IDEA Pension House and Garden Cafe Jagna.
Ten years later we are dealing with the difficulties of managing a business that is far from our main office in Tagbilaran. Although the IDEA Pension House is a profitable enterprise, we have come to the conclusion that it would be better to sell the business and invest the proceeds in the expansion of the Dao Diamond Hotel and Restaurant in Tagbilaran City. This is a much easier location to manage.
Tourism in Tagbilaran and the connected island of Panglao has EXPLODED. Bohol has been the number one tourist destination in the Philippines for the past three years running. There just aren’t enough hotel rooms in Tagbilaran to accommodate all the visitors. Dao Diamond has also carved out a niche for itself catering to Local Government Units (LGUs,) and non-profit organizations with live-in seminars.
So, although we have an emotional attachment to IDEA Pension and many wonderful memories, time marches on and opportunity knocks. It would be to the advantage of the buyer to retain the very well trained employees as well as the very popular menu. This is a turn-key operation. Someone will get a very good deal when they buy this business. If the Jagna employees are not retained, IDEA’s Dao Diamond will be able to absorb most of them in the new expanded hotel.
Please click on the link below to watch a video about the IDEA Pension House and Garden Cafe Jagna.
No comments »