1 Bedroom Condotel with Balcony

Room 1607, Savoy Hotel, The Mactan Newtown, Lapu-Lapu City, Cebu

₱5,405,000

₱235,000/m²

Floor: 16^th

Condotel Features:

A safe & hassle-free investment opportunity even if you’re asleep & away

The Savoy Hotel at Newtown Boulevard, The Mactan Newtown is a unique investment opportunity that will allow investors to purchase a unit at the hotel. Investors can be the owner of a Condotel (CONDO-HOTEL) unit and you will be granted the deed of ownership similar to that of a condominium.

The unit lease will last for fifteen (15) years and it will renew automatically. Your income with the purchased unit will be guaranteed. Each unit has a Condominium of Title and the unit’s occupancy by guests will provide the ultimate return of investors over a long period of time.

The hotel is operated and managed by Global One Integrated Business Services Inc.; a division of Megaworld. The unit will then be rented out to business and pleasure travelers that visit the beach resort in Mactan Island, Cebu.

Unique Condotel Advantages:

• “Superior Twin Suite” is 24m²
• Ideal for short trips for businesses and small families
• Separate coffee and tea facilities & toiletries
• Free 30 Daily Room Uses per Year (₱120,000 Value)
• Passive Rental Income with 7.7% ROI when 30 Free Days used
• Higher Passive Rental Income with 9.9% ROI when 0 Free Days used
• No Association Dues, Repair and / or Maintenance Issues
• No need for a Property Manager or a Broker
• No need to run online ads looking for tenants
• No Rent or Collection Concerns

Local Sites of Interest:

• SM CITY CEBU: The Largest Shopping Mall in the World!
• Mactan-Cebu International Airport is only 15 minutes away
• Watson’s Drug Store Pharmacy
• Mini Market
• Major Banks
• Grocery Store

• Cebu Doctors’ University Hospital
• Fort San Pedro (WikiPedia)
• 2 Starbucks
• 6 Restaurants
• Major Banks
• McDonald’s (24 Hour)

Property Overview:

Savoy Hotel, Newtown Boulevard, The Mactan Newtown, Lapu-Lapu City, Cebu

Ideally located in The Mactan Newtown township, the Savoy Hotel puts guests in the middle of the business and cultural scene of the historic resort city of Lapu-Lapu. It’s just a short walk to Newtown Beach as well as Mactan Terminal, which offers transportation to Cebu City. Attractions such as the Lapu-Lapu Monument and Mactan Shrine are also nearby.

Travel to the historic resort city and discover a new level of comfort and convenience at Savoy Hotel Mactan Newtown. The 18-story hotel has a comprehensive set of facilities and services to suit your needs. Experience genuine Cebuano hospitality and see the city of Cebu in a new light. Come, find your stories.

The province itself is renowned for its beautiful beaches, blue seas teeming with marine life, and first-class coastline resorts. Meanwhile, its two main cities, Cebu City in Cebu and Lapu-Lapu City in Mactan Island, are home to essential infrastructure for health care, commerce, and global connectivity.

Similar to popular Hawaiian islands such as Honolulu and Maui, The Philippines is closer to the equator and boasts both natural wonders and urban conveniences that are very appealing to retirees. These offerings are complemented by good security in the region, along with a supportive local government and warm, sociable locals.

Advantages of Condotel Ownership:

Unique Condotel Opportunity At The Savoy Hotel If you are in the market for a hassle-free investment opportunity with excellent Returns, then this just is the right fit that you might be looking for!

The Savoy Hotel is a unique investment opportunity that will allow investors to purchase a unit at the hotel. Investors can be the owner of a Condotel (CONDO-HOTEL) unit and you will be granted the deed of ownership similar to that of a condominium.

This Savoy Hotel will be operated and managed by Global One Integrated Business Services Inc.; owned by Megaworld. The unit will then be rented out to business and pleasure travelers that visit the beach resort in Mactan Island, Cebu. The unit lease will last for fifteen years and it will renew automatically. Your income with the purchased unit will be guaranteed.

This property is not just a Condo, it is a Condotel; you lease the property, with Usage rights for 30 days of the year on a 15 year lease. You can also use your 30 day usage in up to 10 suites at once.

The remainder of the year, your Property is one of the Savoy Hotel’s Suites available for occupancy. This provides you with investment income based on occupancy; which has typically been around 70%.
(Occupancy rate varies seasonally and annually. Variance above or below 70% is normal and to be expected)

Based on a P4,000 Daily Rate, your Condotel Suite can provide you ₱1,236 per day of occupancy income.

Requirements to Buy Mactan Newtown Condo:
1. A Valid ID (Passport will do)
2. ₱30,000 Reservation Fee
3. Closing Documents (Provided by Megaworld)

1. Reservation Agreement
2. Buyers Information Sheet
3. Specimen Signature
4. Addendum

NOTE: All units are unfurnished, unless otherwise stated. The appliances and other details indicated in the plans are for illustration purposes only and not included in the sale. Selling price is established principally on a per unit basis and not on the unit measurement or dimension. Sizes and location of structural elements and utility pipe chases are subject to change and may differ from actual actual deliverable condition.