Investments in the province of Palawan (Philippines)
PUERTO PRINCESA CITY
In 1988, we purchased some lots in the municipality of Quezon in order to create a resort there. One month after, we purchased 2 HA in Puerto Princesa City. Our objective were to be able to take care of the resorts clients during their first or last night and to create in Puerto Princesa a good quality hotel but at a price lower than the five stars hotel "Asia World". On that time, the Asturias, Legend, Admiral and Fleury hotels did not exist.
We started right away the construction of the hotel. Unhappily, we were forced to stop it one year after when the crisis affected Palawan and when all the above-named hotel opened. Since this date, we developped only side activities such as a travel agency, the car renting, a tennis club and a bar/restaurant.
Due to dishonesty and missmanagement, we were forced to change twice our local management. Now, a small but efficient team includind an owner representative is established.
Travel agency. We intend to develop close tights with travel agencies based in the main Philippines Cities (Manila, Cebu, Davao, Ilo-Ilo) and some majors Far East Cities (Hong-kong, Singapore, Taipeh, Shangai, Tokyo). Our objective is to become their agent in Palawan. For them, we will create packages, develop tours around Palawan, establish the links with various hotels, resorts & pensions and welcome their guests at their arrival in Puerto Princesa.
Car renting. We rent 2 cars, a Mercedes van for trips inside the city and a Nissan pick-up for trips all around Palawan. If the market increases enough, we will extend this activity.
Tennis club. Actually we rent 2 tennis courts. We will develop this activity actively and will organize tennis tournaments in collaboration with the various Palawan Tennis Clubs and with sponsors.
Restaurant/Snack. That will stay a side activity for us.
Hotel development. As there are competitors closer to the City center, we do not develop this activity now. To preserve our investment, we will transform progressively our rooms in studios that we will rent fully furnished on short term periods as well as on long term periods. In the ground floor, we will create a huge gym area. The others rooms will be rented as office or storage area.
Real Estate. Through a money lending activity, we acquired and are acquiring some lots in Palawan that have no strategic use for us. These lots are for sale, or in once, or after subdivision and creation of development plans.
Investors services. After 7 years of work in Puerto Princesa, we acquired a quite good knowledge of the city and the way to deal with the various administrations. Foreign investors are not use at all with the philippine high level of corruption and with the philippine mentality that gives more importance to the personal relations than to the poductivity. With our team that contains a foreigner and some Filipinos, we can help them in their business in Palawan.
La Paragua Services Corp.
La Paragua Travel & Tour
La Paragua Tennis Club
ATE Real Estate Corp.
111 Solid Road
Barangay of San Manuel
5300 Puerto Princesa City
Province of Palawan
Republic of the Philippines
Phone : +63 48 434 44 64
Fax : +63 48 434 44 65
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