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.

Grand Cenia 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

Grand Cenia Terms of Payment - Condotels and Residential Units

1.) SPOTCASH - 90% Upon reservation and avail of a 10% discount.with the 10% balance payable upon turnover

2.) 1 YEAR TO PAY INTEREST FREE ( with PDC's) – monthly amortization to begin 30 days after reservation

3.) 20-80 SCHEME – 20% over one (1) year),with the 80% balance to be paid in full prior to unit turnover (Note:The 20% is payable in 12 months,to commence

30 days after reservation,with postdated checks.The 80% balance to be paid prior to turnover or in house financing at the following rates:5 years at 11.5%,Succeeding years 19% for max 10 yrs.)

4) 50-50 SCHEME - 50% over one (1) year), with the 50% balance to be paid in full prior to unit turnover.

Note:The 50% is payable in 12 months,to commence 30 days after reservation, with postdated checks.The 50% balance to be paid prior to turnover,in cash or via in house financing at the following rates:5 years at 11.5%, Succeeding years 19% for max 10yrs.

Grand Cenia 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 Grand Cenia 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.