Grand Cenia is a 25-storey prime hotel and residential development at the heart of Cebu City. It features 11 floors of hotel rooms to be managed by an international hotel management company. These are available for investors who will enjoy monthly guaranteed income from hotel operations. The top seven floors above the hotel offer residential condominium units that provide a comfortable lifestyle and commanding views of the city.
The development is ideally located right across the Cebu Business Park, near the IT Park, easily accessible hub, the convention centers and commercial areas and malls. Because of the booming tourism, and subsequently booming Cebu hotel industry, early return on investment is as good as guaranteed. Whether you are a businessman that regularly travels to Cebu or a balikbayan that enjoys visiting his hometown annually or a company that sends people regularly to Cebu or just an astute investor, Grand Cenia can turn an expense a sound and earning investment.
Location
Cebu Business Park
Amenities
Lap pool
Kiddie pool
Fitness gym
Fine dining restaurants
Coffee shop
Conference rooms with telecon facilities
Business center with Wi-Fi
Function rooms for social and family events
Community Features
8 high-speed elevators
Garbage chutes for residential floors
Generator set
Water tank/ storage facility
Ready telephone and cable lines
CCTV security system
Hotel lobby and reception area with spacious guest lounge
Residential reception area
3 levels of podium parking
Bus parking
Basement The dual 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). The hotel lobby, front desk area, business center, reception area of the residential condominium, restaurants, as well as the generator set will be situated on the ground floor. The 2nd and 3rd floors are allotted for offices and a possible call center or casino area.
Podium Parking There will be 3 floors of designated parking spaces (the 4th, 5th and 6th levels). These floors will service the hotel guest parking requirements together with the residential condominium units’ individual parking allotment, Portions of the 6th floor are also allocated for function rooms, hotel back of the house, generator set and transformer.
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). These floors will feature the studio type condotel units. The 7th floor will serve as the main amenity floor, where the swimming pool, kiddie pool, swimming pool deck, landscaped area, and function rooms / hotel coffee shop are located. These facilities will be for the use of both the hotel guests and the residential condominium unit owners. There will also be condotel units on the 7th floor - codotel units with bigger saleable area as they are provided with open patios to better appreciate the pool deck and landscaped area.
Residential Condominium: There will be 7 floors initially allocated for residential condominium units - from the 19th to the 25th floor. These floors will feature 1BR, 2BR and 3BR units.
Condotel Units Typical condotel units will have a standard size of 24.54 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.
Floor Area: 107 sq.m. Unit Type: 3 Bedroom Price: P13,706,700.00
House Features
Master's Bedroom w/ it's own Toilet and Bath and a walk-in closet
One Regular Bedroom
Second Bedroom w/ it's own Toilet and Bath
Receiving Area
Living Room
Dining Area
Kitchen
Utility/Maid's Room
Lobby - Concierge - Business Centre (Click Thumbnail to Enlarge)
PAYMENT SCHEMES
Payment Schemes
1. Spot Cash with 8% discount 2. 24 months 0% interest 3. 20% Spot Downpayment with 3% Discount, then 80% balance In-House Financing 4. 20% Downpayment stretch to 12months then 80% balance In-House Financing 5. 20% Downpayment stretch to 20months 0% interest, 80% balance In-House 6. 50% downpayment stretch to 20%months 0% interest, then 80% balance In-House Financing
Buying a Condotel Unit and its Difference from Buying a Condominium Unit At the pre-selling stage, there is not much difference in the procedure for buying a residential condominium unit from a condotel unit. In buying a condominium or condotel unit, the buyer should first provide the Developer with a letter stating that he/she is offering to buy the said property. Afterwards, the buyer must then furnish the Developer with all the needed documents, including the Rental Pool Agreement and pay the reservation fee of Php50,000.00, the 20% of
the TCP as down payment or 90% of the TCP depending on the financing plan that he chooses. 12 months before turnover, condotel unit buyers must also pay the Rental Pool Joining Fee
amounting to Php280,000-300,000. The fee includes all the furnishing costs for the unit to
make it hotel room standard and the Rental Pool membership fee. The rental pool membership
fee would also advance 3 months’ operating expenses to jumpstart hotel operations, and also
cover initial hotel capital expenditure. However, the condotel unit buyer must be aware of the conditions for buying a condotel unit
enumerated in the Rental Pool Agreement. Any prospective buyer must be willing to subject
their units to the provisions outline in the Agreement.
Cash PaymentFor cash payment, a 10% discount is offered, with 90% of the contract price payable in 7 days from reservation. The remaining 10% of the contract price will be payable upon turnover.
The total contract price includes 12% EVAT and miscellaneous and registration fees.
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