The Waves at Socorro, Baler: A BOT Partnership with iMIC Synergy
The Waves at Socorro, a prime beachfront property in Baler, offers a unique opportunity for investors and partners under a Build-Operate-Transfer (BOT) model. This project involves a strategic collaboration with the lot owner of a 2,500 sqm property and iMIC Synergy, who will act as both the general contractor and hotel operator under the management of Hotel A. The development will feature PreFab house units supplied by a global partner, with a 5-year lease-to-own payment plan, and will be powered by a hybrid solar system, also payable over five years.
The innovative design and eco-friendly features of the PreFab units, combined with renewable energy solutions, ensure capital efficiency and sustainable operations. This setup reduces upfront costs and eliminates the need for traditional financing, as all major components—including construction, fit-out, solar power, and hotel management—are covered under a structured payment plan.
iMIC Synergy seeks additional financing for lighting, plumbing, electrical, landscaping, bathroom fixtures, and construction materials, with flexible payment terms of up to three years, payable on a monthly basis. The projected cash flow for The Waves at Socorro is highly promising, with significant returns expected within the first year of operation. This cash flow, generated through hotel bookings and hospitality services, ensures steady income and supports the financial sustainability of the project.
This BOT model offers investors a solid return on investment, while also fostering growth in the resort and hospitality sector in Baler.