Renovate & repositionForecast — not a guarantee
Alona apart-hotel renovation: pool + solar → rent, then sell
Alona, Panglao, Bohol
Buy a dated 8-unit apart-hotel, add a pool and solar, reposition to short-term rental, sell in year 5.
Scenario: acquire an underperforming 8-unit apart-hotel near Alona, renovate interiors, add a compact pool and rooftop solar (cuts utility opex ~30%), relaunch on OTA channels. Forecast assumes repositioning lifts ADR and occupancy to market averages. Exit: sale to a hospitality investor in year 5. Risks: renovation overruns, seasonality, competition from new condo supply.
Financial model (forecast)
- Purchase
- $380,000
- Capex
- $140,000
- Total investment
- $520,000
- Income, year 1
- $130,000 /yr
- Operating expenses
- $55,000 /yr
- Income growth
- 5% /yr
- Horizon
- 5 years
- Exit value (forecast)
- $720,000
Cash flow by year (forecast)
| Year | Income | Expenses | Net | Cumulative |
|---|---|---|---|---|
| 1 | $130,000 | −$55,000 | $75,000 | $75,000 |
| 2 | $136,500 | −$55,000 | $81,500 | $156,500 |
| 3 | $143,325 | −$55,000 | $88,325 | $244,825 |
| 4 | $150,491 | −$55,000 | $95,491 | $340,316 |
| 5 | $158,016 | −$55,000 | $103,016 | $443,332 |
| Exit (sale, year 5) — forecast | $720,000 | |||
Assumptions & sources
- Post-renovation ADR uplift:+35% vs current— Comparable set (illustrative) (as of 2026-06)
- Solar opex saving:-30% utilities— EPC proposal (illustrative) (as of 2026-03)
- Exit cap rate:9% (forecast)— Broker guidance (illustrative) (as of 2026-05)
This model is a forecast based on the assumptions listed above; actual results will differ. Nothing on this page is investment advice or an offer. Verify all figures, titles and permits during independent due diligence before committing capital.