Grand Cenia Condotel and Residences

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Information about Grand Cenia Condotel and Residences

Published on March 13, 2009

Author: Amazing2009


Slide 2: • a 25-storey hotel and residential tower • located at Archbishop Reyes, corner Apitong Street, Lahug, Cebu City and strategically located within the Cebu Central Business District. Slide 3: Vicinity Map Slide 5: Project Concept Conceptualized in response to the flourishing hotel industry in Cebu. Increasing tourism patronage from locals, OFWs, and foreigners. Shortage of supply for the hotel industry in Cebu Tourist arrival in Cebu has grown from 1 million in 2004 to 1.25 million in 2006, averaging around 43% of the total tourist arrivals for the Philippines. Tourist arrivals have grown by 14.10% in 2004, 10.47% in 2005 and 11.57% in 2006. Slide 6: Condotel Concept • The condotel is an amalgamation of the features of a condominium and a hotel, as the derivation of the name suggests. • The condotel units shall be pooled and operated as a hotel • Rental pool income share from the hotel operation business will be remitted to each of the condotel unit owner at the end of every quarter The buyer is essentially buying a hotel room which he can generate income from Slide 7: Target Market For The Condotel Regional traders and investors who have business in Cebu and regularly visits Cebu Successful Cebu-born overseas workers who would like to have a comfortable home to reside in every time they visit Cebu Local investors who appreciate the boom-potential of Cebu’s hotel industry Slide 8: Target Market For The Condominium Expats or Manila-based companies who need to provide lodging for their traveling executives Parents with kids studying in Cebu but are from nearby islands like Bohol, Dumaguete, Cagayan or the northern and southern part of the Cebu province Balikbayans who may want a longer term stay and still have the flexibility in unit with the option of putting up the unit for medium term (1-6 months) rental as a serviced apartment. Professionals and upstart families who want the advantage of home ownership at the heart of the city, with the conveniences of a high-quality hotel. Slide 9: BUILDING FEATURES Slide 10: Features & Facilities Basement - The single basement level will house parking slots, hotel back of the house, sewage treatment facilities and water tank. Office / Commercial Floors - There will be 3 floors of commercial spaces (portions of the Ground Floor, the 2nd floor, and the 3rd floor). Podium Parking - There will be 3 floors of designated parking spaces (the 4th, 5th and 6th levels). Slide 11: Features & Facilities Condotel Floors - There will be 11 floors initially allocated as condotel floors, later to be used for hotel operations (from the 7th to the 18th floor). . The 7th floor will serve as the main amenity floor Residential Condominium - There will be 7 floors initially allocated for residential condo units (19th to the 25th floor) These floors will feature 1BR, 2BR and 3BR units. Slide 12: Features & Facilities Elevators, Staircases and Garbage Chutes Generators, Water Tank/Storage Facility Telephone Lines and TV Cables Security System Slide 13: Amenities • Lobby • Concierge Slide 14: • Hallway • Business Center Features Slide 15: • Elevator Lobby Features Slide 16: Floor Plans Condotel Floors 7th to 18th floor: studio type condotel units main amenity floor with swimming pool, kiddie pool, swimming pool deck, landscaped garden, function rooms / hotel coffee shop 7th Floor Slide 17: 8th Floor Floor Plans Slide 18: 9th to 18th Floor Floor Plans Slide 19: Condotel Unit Typical Size 24.54sqm Condotel Room Slide 20: The condotel will provide temporary living spaces for the buyers whenever they visit Cebu, whether for business or pleasure, and an investment tool that earns for them when not in use. Condotel owners enjoy: • a unit in a very prime location • a very good return on investment • free nights / discounted rates Condotel Units • internationally-managed hotel operations Slide 21: Condotel Income Computation A condotel unit owner’s share of the Rental Pool Income is computed on a per square meter basis. A square meter of actual condotel unit area is equivalent to full square meter for purposes of income computation. Such as 25 sqm of actual condotel unit has 25 square meters of area share. The formula for the computation of a condotel unit owner’s share of the Rental Pool Income is as follows; A= Quarterly Rental Pool Income B= Number of Days Condotel was Operational for the Quarter C= Total Contributed Area to the Rental Pool per unit owner D= Total Area of Rental Pool (all the member’s units combined) E= Number of Days the Unit is in the Pool The Individual’s Usages Income shall be computed as follows: A x C x E B D Slide 22: 19th to 25th Floor Residential Condominium From the 19th to the 25th floor: residential condominium units 1BR 2BR 3BR Residential Condominium Floor Plans Slide 23: 1 Bedroom unit - 50.52 sqm • Dining area • Living and receiving area • Kitchen • Main bedroom • Toilet and bath Residential Condominium Unit Floor Plans Slide 24: 2 bedroom unit - 75.78 sqm • Master’s bedroom • 2 toilet and bath • Bedroom • Dining area • Kitchen • Living and receiving area • Utility/maid’s room Residential Condominium Unit Floor Plans Slide 25: 3 bedroom unit - 107.37 sqm • Master’s bedroom with walk-in closet • 2 bedrooms • 2 toilet and bath • Dining area • Kitchen • Living and receiving area • Utility/maid’s room Residential Condominium Unit Floor Plans Slide 26: List of Design Consultants : Architectural Design: R. VILLAROSA Partners and Associates   List of Achievements:   EDSA Shangri-la hotel One McKinley place Malayan Plaza The Palms Country Club Tektite Building – Philippine Stock Exchange Structural Design: AROMIN & SY + ASSOCIATES, INC. (ASAI)   List of Achievements:   Rockwell Center (all existing buildings) PBCom Tower (tallest bldg. in the Philippines) Pacific Plaza Towers Citibankard Center LKG Tower Forbes Tower Ayala Triangle Roxas Triangle all Makro stores Urban Bank Plaza, Petron Mega Plaza SM Megamall Ayala Center Cebu Greenbelt Redevelopment, The Residences at Greenbelt The Columns at Legaspi Village Slide 27: List of Design Consultants : Interior Design: C.T. Onglao Architects   List of Achievements:   Asia Tower (Hanoi) Serendra Phase 2 The Residences 2 8 Wack Wack Road Condominiums Coconut Palace Baguio Country Club Ballroom Holiday Inn Clark Hotel Millenium Plaza Hotel Tagaytay Highlands Condominium Model Units Zobel de Ayala Residence Landscape Design: H.E. Dimanlig   List of Achievements:   Filinvest Alabang Center Metrobank Shanghai St. Luke’s Hospital Slide 28: List of Design Consultants : MEPF Design : VM Design Associates   List of Consulting Clients:   Belle Corporation for Tagaytay Midlands Golf Clubhouse Filinvest Alabang, Inc. for South Station Hotel Intercontinental Manila Bangko Sentral ng Pilipinas Philippine Long Distance Telephone Company Philippine Orthopedic Center Siemens Building Technology SM Mall of Asia Texas Instruments The Peninsula Manila University of the Philippines, Diliman Slide 29: Condotel/Residential Condominium New Payment Terms 90/10 Scheme (8% discount on the 90%) - 90% Payable upon reservation & 10% Retention upon availability of title. 24 Months Deferred Scheme - TCP stretch to 24 months with 0% interest. 20/80 Scheme - 20% Downpayment stretch to 24 months. - 80% Balance payable in full or through in-house financing. - TCP with 14% Finance Charge. 50/50 Scheme - 50% Downpayment stretch to 24 months. - 50% Balance payable in full or through in-house financing. - TCP with 8% Finance Charge. Slide 30: Construction Milestones for Structural Works: Construction Duration 35 – 36 months: - 610 Days for Structural Package - MEPF entire duration of the project less excavation period - 360 Days for Architectural (overlapping structural works) - 6 months for punchlistings and turn-over MEPF – Mechanical / Electrical / Plumbing / Fire Protection Works Slide 32: We offer House & Lot, Beach Lot, Condominium etc. For site visit call/text: DAISY MENDEZ 0906-4753779/0922-4417886 Log on to: http// We accept: CASH, BANK& PAG-IBIG FINANCING, IN-HOUSE

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