An Investment Proposal. FOREIGNERS CAN BUY! 100% FOREIGN OWNERSHIP ALLOWED!

25-STOREY RESIDENTIAL AND CONDOTEL PROJECT THAT OCCUPIES A 4,211 SQM LOT

SOUND INVESTMENT
The best thing about investing in GRAND CENIA HOTEL AND RESIDENCESl

Condominium is the rate at which the property appreciates. Since it is located near Cebu Business Park, a prime real estate area, annual property appreciation rates can range from 15% to 20% per year. Certainly, long-term value of the property around Cebu Business Park can only be expected to rise as more future developments continue.

THE DEVELOPER IS VERY STABLE AND WITH EXCELLENT TRACK RECORD 40 YEARS OF REAL ESTATE EXPERIENCE.

THE ARCHITECTURE OF THE BUILDING INTERIOR IS MAINLY EUROPEAN IN THEME WITH CLEAN LINES THAT INJECT A MINIMALIST SENSE TO THE SPACE.

THE CONCEPT
2) Condotel Units (24.27 sqm)
   Condotel owners enjoy the Following Benefits:
   1) Very Prime Location, across Cebu Business Park
   2) Very good Return of Investment
   3) Hassle-Free
   4) Global standard hotel services

Typical condotel units will have a standard size of 24.27 sqm, There are special condotel units on the 7th and 8th floors which will feature open patios to take advantage of their view of the city, the surrounding mountains and the swimming pool deck and landscaped area.There are also a number of condotel suite units which feature a hotel bedroom separate from the room receiving area. These units are sold and delivered bare of finishing and furnishing.

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 Hotel Management will be the one to furnished the units into a hotel suites, 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 monthly 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 NONE OCCUPIED, THE SAME PROFIT SHARING YOU CAN GET EVERY QUARTERLY WITH OTHER CONDOTEL OWNERS.

CONDOTEL INVESTMENT IS A PERFECT INVESTMENT THAN ANY REAL ESTATE PROPERTIES.

 PROJECTED INCOME ROOM/NIGHT
Initial Room Rate Assumption (Php/Night)----P3,200.00
Disbursements to be Deducted (Operating Expenses)
-Maintenance Expenses
-Management Fees
-Taxes
-Other Expenses Incurred in the Regular Hotel Operations

 Rough Assumptions - Rental Pool Income
Number of Rooms ------------------------P432
Rate per Night ----------------------------P3,200.00
Occupancy -------------------------------P85%
Room Revenue / night ---------------------P1,175,040.00
Room Revenue / month (@30 days) ------P35,251,200.00
Assuming Rate of Expenses at ------------P65%
Potential Cash Distributable as Rental Pool Income (on average per
month) ---------------------------------P12,337,920.00
Condotel Area -------------------------11,187.08
Rental pool Income / sqm / month--------P1,102.87
Typical Area ----------------------------24.27
Income / Unit / Month --------------------P26,766.71

Expected Annual Room Rate Increase------8%
Return on Investments --------------------15.21%
Payback Period in Years ------------------P6.5737

One of the most notable points is the remarkable points in the Hotel Industry. For the past 5 years, the Hotel industry in Cebu has been flourishing.With the dynamic growth of local tourism, the surge of both local and foriegn investments, and businesses wanting to build their base in Cebu, the hotel industry is definitely set for a prosperous future.

Based on the Department of Tourism data on Hotel performance,
Deluxe,first class and standard hotels in Cebu enjoyed an average
occupancy rate of 70% for 2006. With Cebus increasing tourism
patronage, there will be a big shortage of supply for the hotel
industry in Cebu in the next 3 to 5 years.

The developer is currently looking to tie-up with Aston Resort International, an internationally renowned hotel & resort operator for the hotel operations of the project.The proceeds generated from hotel operations, basically from renting out the pooled units, will then be subdivided to the Condotel owners quarterly on a per square meter basis.

UNIT LOCATION OF CONDOTEL UNITS
UNIT 1 TO 4 are facing the Amenities & Landscaped
UNIT 5 TO 8 are facing Mactan & Bohol
UNIT 9 TO UNIT 20 are facing  AYALA & north side Cebu
UNIT 20 TO UNIT 31 are facing Talamban & mountains
UNIT 32 TO UNIT 35 are facing Lahug & mountains.

3).Commercial Spaces -Ground Floor with average area of 200 sqm.Its not for sale butfor rentonly. It is there also the East West Bank, various restaurants &etc.

4) Office Spaces- 2nd floor and 3rd floor with an average of 350 sqm,
for rent only.
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FEATURES
BASEMENT----Single basement level with house parking slots, sewage
treatment facilities and water tank.

OFFICE/ COMMERCIAL ROOMS---Ground floor, 2nd floor and the 3rd floor.

PODIUM PARKING--------3 FLOORS (4RTH, 5TH & 6TH LEVEL)

CONDOTEL FLOORS------8TH TO 18TH FLOOR

7THFLOOR----Amenityfloor: Swimming pool, Kiddie pool, view deck, landscaped area andfunction rooms/ hotel coffee shops. This facilities will be for the useof both the hotel guests and the residential condominium unit owners.

Therewill also be Condotel units on the 7th floor, units with biggersaleable area as they are provided with open patios to betterappreciate the pool deck and landscaped area.

7 ELEVATOR SETS AND 3 PRESSURIZED STAIRWELLS.

POWER GENERATION SYSTEM----100% back up power supply

COMPLETEWATER & ELECTRIC SUPPLY, TELEPHONE. TV/CABLE AND INTERNETCONNECTION. ALSO INTERCOMS CONNECTED TO RECEPTION AREA IN THE LOBBY

BUS PARKING FOR TOURIST AND GUEST
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FLOOR AREA AND PRICELIST:
8TH  TO 18TH FLOOR CONDOTEL UNITS
41 UNITS EACH FLOOR

AVAILABILITY OF CONDOTEL UNITS
41 UNITS IN EVERY FLOOR

7TH FLOOR (Studio Type)
U716--34.02 sqm---P5,220,812.62

15TH FLOOR (Studio Type)
U1534--25.43 sqm---P4,474,790.25


16TH FLOOR (Studio Type)
U1640--24.54 sqm---P4,364,115.24
U1605--27.94 sqm---P4,919,138.15
U1632--27.94 sqm---P4,919,138.15

17TH FLOOR  (Studio Type)
U1707--25.43 sqm---P4,489,100.13
U1734--25.43 sqm---P4,489,100.13
U1735--27.94 sqm---P4,910,205.04

18TH FLOOR (Studio Type)
U1802--24.54 sqm---P4,392,361.03

TOTAL CONTRACT PRICE includes miscellaneous &
    registration fees. However for total list price above 2.5M,
    Total Contract price includes 12% EVAT

MODES OF PAYMENT

1) 20% downpayment, 80% balance payable in 5,7, & 10 years w/ interest.
2) CASH with 8% discount.
3) Bank financing is acceptable.

NOTES:

1) All prices are subject to change w/out prior notice.
2) Documentary stamp tax,transfer tax,registration fee, and other miscellaneous fees are included.