The concept of condominium hotels or condotels is not yet widely understood by first-time property investors from the Philippines and abroad. However, condotels present a great low-risk opportunity for investors and real-estate novices alike, guaranteeing return-on-investment to unit owners.











Clients purchase a unit in the same way a condominium is bought (this is not a timeshare, in that you own the unit and have the rights to it).

Condotels operate like a hotel, mimicking its operations, management, and the quality of its facilities. This happens with the help of a well-experienced, world-class hotel operator, usually a third-party organization independent from the developer of the property. Unit owners earn by receiving a ‘share’ of the total profit of the hotel operations.

Initial agreement between the two parties:

on whether the unit owner desires to be a part of the operations and the specifications on the way it will be run should the unit be enrolled into the rental program.





WHY CONDO-HOTELS?

There is lesser risk in real estate compared to putting your money in the volatile stock market. Investing in such also provides more profit than leaving one’s money in the bank or other ‘safe’ paper investments such as bonds and mutual funds.

The unit owner is not only entitled to profit, but also owns a certain share of the value of property, in the case of liquidation of the asset / wanting to passing it on to future generations. They can also enjoy free hotel stays throughout the year.

All parts of the operations—from managing to advertising—are the care of the hotel operator. This means the unit owner may simply sit and wait for the returns to come in. The owner is still entitled to financial and operational reports prepared by the hotel operator.

HOW WILL I EARN?

The unit owner is entitled to a share of net room revenue on a per square meter basis. Thus, they will still profit even though no one has occupied their specific condotel unit. The income will be distributed as dividends, to be paid out monthly / quarterly—in cash / check / deposit, depending on what has been agreed upon.

For example: Tagaytay Clifton Resort Suites earns an average of P1,000,000 / month and has a total of 1,000SQM floor area. Juan dela Cruz owns 25SQM. How much will he earn?

P1,000,000 / 1,000SQM = P1,000 / SQM P1,000 x 25SQM = P25,000 is how much Juan dela Cruz earns / month on average

Please see a sample computation of net earnings below, for a 25SQM condotel unit.

Here is a computation of possible net monthly income for an 25SQM unit.

Operational expenses. This includes expenditure on maintenance, direct costs on utilities, insurance coverage, marketing, labor, and advertising expenses, etc.

Management expenses. This includes the hotel management fee (around 30%). A hotel operator merely earns through a share of rental income, ensuring that they’ll make a lot of effort to rent out the units. This is NET OF OPERATIONAL EXPENSES.

BENEFITS OF INVESTING IN A CONDOTEL

Earn While You’re Away

Your condotel will be part of our world-class hotel operations, guaranteeing a steady source of passive income.

Entrust Your Property to Real Estate Professionals

Sit back and relax as we take care of advertising to potential tenants to ensure occupants at any time of the year. We’ll also take care of condotel maintenance and upkeep for additional peace of mind.

Enjoy Hotel Privileges During Your Free Stay

Housekeeping, room service, maintenance, and even shuttle service--you name it, you can avail of it without additional cost!

Experience Affordable Leisure

Here’s your chance to give your loved ones a taste of luxury. The best part is that it carries a price tag you can definitely afford!

WHAT IS THE ADVANTAGE OF HAVING

A CONDOTEL UNIT IN TAGAYTAY?

Take a trip to Tagaytay with CitiGlobal!

Accessibility

Our Tagaytay condotels are only one bus ride away, which makes it much easier to commute to. It is located near schools, establishments (with a commercial establishment 1 minute away and a future mall across it), golf courses, and more. It is also very close to most tourist spots in Tagaytay, as well as nearby cities in Cavite and Batangas.

It’s often thought to be harder to commute in the province. However, Tagaytay has just stepped up its game with a new central terminal perfect for people who want to check out the best spots in the city. The Tagaytay Central Terminal can easily transfer you to our condotels’ location, as well as schools, establishments, golf courses, and other places of interest.

Booming City



Tagaytay is set to become a flourishing metropolis, with investment opportunities here and there as more tourists flock to the area. Alternative routes are also being built, such as the CTBex (Cavite - Tagaytay - Batangas Extension), which happens to be a few meters away from our condotels’ site. Despite that, the site is still located in a more quiet, residential atmosphere with a sweeping view of the Batangas landscape.

The Acienda Designer Outlet is also set to rise in Silang, Cavite, which is still near Tagaytay. This P2.5-B shopping hub will give an opportunity for South residents to buy top-of-the-line designer bags, clothes, shoes, and other accessories at more affordable rates. No need to travel to Manila to get your hands on the best products anymore!

Based on statistics, from the 1.7 million visitors in 2014, Tagaytay is expecting 5.3 million tourists by 2020! As more developments arise, foot traffic and return on investment in Tagaytay will both increase as well.

Weather

Known as second to Baguio, Tagaytay serves up the best climate the whole-year round, making it a great place for rest and relaxation!

WHY A CITIGLOBAL CONDOTEL IN TAGAYTAY?



Because YOU CAN ENJOY...

PALAWAN CONDOTEL FOR SALE: WHY INVEST NOW

Palawan is one of the top-rated islands in the world. Aside from its booming tourism, it has also become one of the most preferred places for retirement. This has resulted to an increase in population on the island that also comes with countless opportunities!

Owning a Palawan condotel for sale is the same as acquiring a property in a prime location that’s best for relaxation, recreation, and even business dealings.

Whether you are looking for a place to retire or a good long-term source of passive income, a Palawan condotel for sale is a good investment you shouldn’t miss.

The Main Benefits of Investing in a Palawan Condotel for Sale

Prime Location - Palawan is easily accessible and located near residential and commercial establishments. As a stable island, it is also known as the safest place in the Philippines that can withstand earthquakes.

Increasing Property Value - with booming tourism and worldwide recognition that Palawan enjoys, your investment is secure in a property with value that increases as the years go by!

Profitable Investment - a condotel offers a passive income that guarantees to generate profit for a long time. Invest now and let your property work for you in the years to come.

World-Class Tourist Spots - Palawan has been consistent in securing a spot among the list of the most beautiful islands in the world. Owning a Palawan property is like having easy access to the most sought after tourist attractions.

Diamond Beach Residences: Your Own Haven in The Beautiful Island of Palawan

For people interested in Palawan real estate, CitiGlobal offers a world-class beachfront development. Diamond Beach Residences offers the opportunity for you to have your very own income-generating haven in one of the unspoiled and most popular tourism hotspots across the country.

This leisure property is perfect for hardworking Filipinos who want to secure their investment, generate passive income, and take advantage of affordable leisure and recreation in a prime location.

Contact us to learn more about CitiGlobal’s Palawan Condotel for Sale.

WHAT IS THE ASSURANCE THAT MY UNIT

WILL BE RENTED OUT FOR SURE?

Condotel operations provide a lucrative income stream for your benefit.

First off, there will be plenty of future establishments surrounding the area. These include a rising mall right across it, as well as the future CTBex which provides an alternative route to the condotel itself.

Hotel management will also be taking charge of the operations for you. They’ll have a marketing and advertising initiatives which includes partnerships with booking sites, coupon deals, and other promos that’ll keep people coming in, even during the lean season.

Aside from this, management will not earn if they do not rent out your units because of the commission basis (see the computation above, under “How Will I Earn?”). There will also be a guaranteed rate to be agreed upon in the contract of the hotel management before they take charge.

This is a property primarily constructed for business purposes and was set from the beginning to operate as a hotel. However, it’s still perfectly possible for these condotels to be used as residential units.

WHY IS NOW THE BEST TIME TO INVEST?

Take advantage of the pre-selling rates and payment schemes (no down payment, long-term installment). Enjoy a 200-300% increase in unit value upon full construction, should you decide to put up your condotel unit for sale any time after turnover.

Tagaytay is already a growing city, but it can still appreciate greatly in the years to come. Grab the opportunity now while it is still in your hands!

FREQUENTLY ASKED QUESTIONS

Will the condominium dissolve in 50 years? No. The condominium corporation / homeowners’ association will simply be renewed every 50 years, not the structure itself. Members of the corporation (unit owners) can decide whether to maintain the condotel, to build a new building, or to sell their units (and liquidate the proceeds).

How will we inform the hotel operator of our interest in staying in our unit? There will be a system and conditions for informing the hotel operator in advance, which will be finalized and discussed to the unit owners before turnover.

Are relatives also entitled to a free stay and use of the unit? Yes, this is possible.

As a unit owner, can I decide to pull out of the condotel operations? Yes, your unit may be used as a residential property and not occupied for rental operations. You may also enroll again later on.

How do I avail of a unit? Purchasing a condotel unit works the same as buying a regular condo unit:

Check these links for more information!

Have any other questions in mind? We'd love to hear from you!