Condotel a secure, smart investment
By Theresa S. SamaniegoPhilippine Daily Inquirer
This may be one way to make your hard-earned investment work for you.
Although there are varied avenues where funds can be placed to generate decent returns, investing in real estate is one of the options considered by many as this gives one a tangible asset, whose value may appreciate over time. But, realistically speaking, earnings that can be derived from property investments usually take time to mature.
A new development that is set to rise at the Mall of Asia Complex, however, is set to change that and provide investors real time if not immediate earnings for every investment its buyers make.
Hotel 101, a project developed by Hotel of Asia Inc., a joint venture of Injap Investments Inc., OishiLiwayway Marketing Corp. and Staniel Realty and Development Corp., provides investors an opportunity to own a prime hotel room in Metro Manila and eventually earn from its occupancy.
Hotel 101 is a 15-story condotel with 527 identical, hotel-grade rooms, measuring 21 sq m each. It is conveniently located minutes away from the airport, Makati central business district and some of Manila’s best entertainment establishments.
“The concept of this development is born out of my personal experience. As a budding businessman who often visited Manila for business meetings, the concept of Hotel 101 is definitely a good investment,” Edgar ‘Injap’ Sia II, chair and CEO of Injap Investments, said in a statement.
As compared to mutual funds, stocks and other facilities which are intangible, volatile and has no capital protection, owning a unit in Hotel 101 is a secure, titled hard asset which is sure to dramatically rise in value in the coming years apart from providing a monthly income an astute investor can rely on.
Perks, rewards
With Hotel 101, unit owners will get various perks and rewards, which will include 30 nights of free use at the Hotel 101 Manila every year. Owners will not have to worry about maintenance and upkeep of the unit.
Hotel 101 will be run by professional friendly staff and will boast hotel amenities such as a pool, lounge area, business center and valet parking. All areas of the hotel will be Wi-Fi-enabled to ensure that one is always connected. Each unit meanwhile, will be furnished with two beds, 32” LCD TV and a mini refrigerator.
Managed
Although the condotel units will be managed like a standard hotel, the unit owners will be able to hold on to their respective condominium titles.
The unit owners will only have to enter into a management joint-venture agreement with the hotel operator. Thirty percent of the gross sales (after value-added tax) will be equally divided among unit owners and will be paid on a monthly pay-out basis which is credited directly to the unit owners’ bank account.
Located at the corner of Edsa and Macapagal Boulevard, Hotel 101 will soon become a landmark for travelers and businessmen going to Manila because of its convenient location right at the heart of what will soon be the entertainment capital of Manila.
Hotel 101 is located right across Blue Wave, near the Mall of Asia and a few minutes drive to the Pagcor Entertainment City. Also, with the booming developments within its vicinity, the hotel will definitely enjoy good occupancy by the time it opens in December 2015, thus allowing unit owners to earn substantially.
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Tags: condotel , Investment , property
