The condotel unit owner can just sit back, relax and watch his
investment bear fruit. The hotel, made up of the pooled units, will
be managed by an international hotel operator, who will also handle
the distribution of the rental pool income to the condotel owners.
Grand Cenia is a 25-storey hotel and residential
tower that will rise along Archbishop Reyes, corner Kamagong Street,
Banilad, Cebu. It will be situated on a 4,211-sqm property,
strategically located within the Cebu Central Business District.
The Grand Cenia
Condotel owners of the Grand Cenia stand to enjoy three major
benefits – a unit in a very prime location, a very good return on
investment, and hassle-free, global standard hotel services.
The development is ideally located right across the Cebu Business
Park, easily accessible to the business hub, the convention centers
and commercial areas. Early return on investment is as good as
guaranteed because of the booming tourism, and subsequently booming
Cebu hotel industry. The hotel, made up of the pooled units, will be
managed by an international hotel operator, who will also handle the
distribution of the rental pool income to the condotel owners. The
condotel unit owner can just sit back, relax and watch his
investment bear fruit.
Commercial areas on the 1st – 3rd floors
Parking areas on the basement, 4th, 5th and 6th floors
Amenities and facilities are at the ground, 6th, and 7th floor. This
includes
* - function rooms - 3 stairwells
* - swimming pool - bus parking for tourists
* - coffee shop - pantry/kitchen to service function rooms
* - business center, WiFi capable
* - cistern tank - boiler
* - backup power generator
* - 2 service elevators
* - 4 passenger elevators with security system
* - pressurized fire exits
* - individual water meters for residential condominium units
* - valet parking for condotel and commercial units
CLICK THE UNIT FLOOR PLANS LAYOUT BELOW TO ENLARGE
ONE BEDROOM
TWO BEDROOM
THREE BEDROOM
CONDO-HOTEL
7TH FLOOR PLAN
8TH FLOOR PLAN
9TH TO 18TH FLOOR PLAN
19TH TO 25TH FLOOR PLAN
Condotel- Hotel Unit price list
Residential Condominium pricelist
CONDOTEL UNITS - (OPEN FOR SALE 8th AND
18th floors)
Total Contract Price = 24.54 sq.m. = Php 3,064,000
price depend on sq.meter area
RESIDENTIAL CONDO UNITS (OPEN FOR SALE 23rd & 24th
Floors) One bedroom - Total area 50.52 sq.m. CONTRACT PRICE =
Ph 6,450,500
One bedroom - Total area 56.58 sq.m. CONTRACT PRICE =
Ph 7,087,400
Two bedrooms - Total area 76.14 sq,m.CONTRACT PRICE =
Ph 9,322,300
Three bedrooms - Total area 107.35 sq.m CONTRACT PRICE =
Ph 12,059,600 Reservation Fee = Ph 50,000 Pesos
Terms of Payment
PAYMENT TERMS - CONDOTELS:
1.) SPOTCASH - 90% Upon reservation & avail of a 10% discount.
10% balance upon turnover
2.) 3 YEARS TO PAY INTEREST FREE ( with PDC's)
PAYMENT TERMS FOR RESIDENTIALS/CONDOS:
1.) SPOTCASH - 90% with 10% discount and 10% balance upon turnover
2.) 3 YEARS TO PAY INTEREST FREE
Condotel
Units as Hotel Rooms
Upon turnover and full payment of the
buyer, each condotel unit will be transformed to a typical hotel
room with interior and furnishing finishes based on set hotel
standards and look. Based on the preference of the hotel operator,
some condotel units will be converted to twin-bed rooms (double
single beds) or single-bed rooms (queen-size). Bigger hotel rooms
and adjoining units can be transformed and offered by the hotel as
deluxe or suite rooms for guests.
THE CONDOTEL OWNERS ARE REQUIRED TO PAY A JOINING FEE OF P250,000.00
AND THE HOTEL MANAGEMENT WILL BE THE ONE TO FURNISHED THE UNITS INTO
A HOTEL SUITES. THE CONDOTEL OWNERS HAS 14 DAYS FREE STAY EVERY YEAR
PLUS 14 DAYS DISCOUNTED HOTEL RATE. THE RETURN OF INVESTMENT (ROI)
ANNUALLY IS 15% TO 20% OR P35,000.00 TO P50,000.00 MONTLY FOR JUST A
CONDOTEL AREA OF 24.27 SQM. THE BIGGER CONDOTEL AREA IS THE MORE
PROFIT SHARES, BECAUSE THE SHARING IS BASED IN PER SQUARE METER OF
THE UNIT. ONCE THE CONDOTEL OWNERS CAN PAY AT LEAST 40% OF THE
CONTRACT PRICE, THEY ARE ALREADY ALLOWED TO ENROLL THEIR UNITS IN
THE RENTAL POOL. SO WHILE THEY ARE STILL PAYING THEIR UNITS, AT THE
SAME TIME RECIEVING A PROFIT SHARES FROM THE RENTAL POOL.
THE PAYBACK PERIOD OF THE CONDOTEL UNITS IS 5 TO 6 YEARS IN RENTAL
POOL. WHETHER YOUR UNIT IS OCCUPIED OR NON OCCUPIED, THE SAME PROFIT
SHARING YOU CAN GET EVERY QUARTERLY.
CONDOTEL INVESTMENT IS A PERFECT INVESTMENT THAN ANY REAL ESTATE
PROPERTIES.
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