Savoy Hotel is a unique investment opportunity that will allow investors to purchase a unit at the hotel that measures 30 square meters. Investors can be the owner of a condo-hotel unit and you will be granted the deed of ownership similar to that of a condominium. The hotel will be operated and managed by Prestige Hotels and Resorts, Incorporated which is also owned by Megaworld International. 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. Each unit has a Condominium of Title and the unit's occupancy by guests will provide the ultimate return for investors over a long period of time.
The unit buyers will be free from room repairs, taxes, furniture, painting, cabinets and tiles within the room. In addition, the owner of the unit will receive 30 days free to stay in the unit throughout the year and you can choose which month you would like to visit your unit.
There is no limit as to how many units an investor can purchase and the hotel will contain 500 rooms. The unit types are available in Executive Suites, Twin Bedroom Suites, Queen Suites and units designed for disabled or challenged visitors.
The hotel also will offer guests a swimming pool, a bar lounge, a massage deck a business center and a gym. The 18-storey, luxury hotel will be the perfect getaway for guests to experience the island's culture, history and the hotel is situated in the hub of businesses and travelers alike. The Savoy Hotel will be the Philippines' trendiest destination for all visitors and pleasure-seekers. The hotel's construction currently ongoing and is expected to be completed by 2016.
Location Highlights: Walking distance to the beach, 15 minutes to Cebu International Airport
5 Reasons to Keep The Savoy Hotel Condos on Your Radar
The Savoy Hotel is an 18 story luxury hotel condominium in Mactan, Cebu.
The building is still under construction and once complete it will host 500 units and pre selling. The project is being undertaken by Prestige Hotels and Resorts, a subsidiary of Megaworld International.
Buyers will get to acquire a condo hotel unit at Savoy Hotel on a 15 year lease automatically renewable and a title deed issued as such. There is no limit as to the number of units an individual can purchase. The units will be available in studio, executive, queen and twin bedroom suites with reservations for the physically challenged price quoted between 4 and 5 million PHP in regard to space and subject to review.
The hotel will be operated and managed on your behalf by Prestige Hotels and Resorts. The units will be rented out and as such you are guaranteed income on your investment over a long time. Owners of the units will be exempted from maintenance and taxes which falls squarely under the management.
Let’s take a look as to why investing in the Savoy Hotel is a splendid idea;
Features
Savoy Hotel is one of the few residential development projects with specified provisions for the physically challenged. They get to enjoy the comfort of custom made units to cater for the various shortcomings that render them disabled.Maintenance of the units including room repairs, furniture, taxes & other deductions falls as responsibility of the management following which the net income is forwarded to the owners with a ledger as such. Owners of the units will get to benefit 30 days a year to stay free of charge at any time of their choosing. This comes in handy mostly for summer vacations.
Buyers can choose payment plans suitable to their financial abilities and preferences.
Plan 1: Cash in 30 days from date of reservation with an advantage of 12.5% discount.
Plan 2: 50 – 50 with 12.5% discount on the down payment.
Plan 3: 30 – 20 – 50 with 10% discount on the down payment.
In house agents are assigned to the property to help you upon need and to provide a formal communication structure between you and management and are available everyday round the clock.
Building Amenities
Swimming pools for adults and children alike will be available and made accessible round the clock attended to by trained life guards on duty, coupled by a sun bathing lounge to simulate beach experience though the actual beach is just minutes’ walk away. Male and female changing rooms with washrooms have become a common feature in any construction project nowadays and the designers of the Savoy Hotel did not as well forget to include this important social amenity. A fitness center fully equipped with gym, spa and sauna as well as professional attendants to give you a befitting experience. A flower garden and an equally beautiful and properly maintained lawn for your eyes to behold. 24 hour security is guaranteed for residents and their property. A security team as part of a wider security system with close circuit monitoring and controlled access is supported by the metro police. Ample parking is not a matter to forego in any urban development and the designers got it just right. Each of the 500 units has a parking slot reserved in an underground and outdoor parking facility controlled with digital access cards to avert parking inconveniences.Bar, grill, gaming besides a variety of restaurants will be provided right on site for your entertainment needs. Once complete, movement up and down the building will be facilitated by 8 high speed elevators. The designer probably realized that as much as there exists a variety of restaurants, some occupants would just love to cook their own food hence cooking gas is provided in safe pipes all through the 500 units. Housekeeping and garbage collection services are provided on daily basis. Fiber optic telephone to serve communication within the residence and wireless fidelity internet services are available in every unit for the convenience of the occupant.A human resource department is tasked with the day to day running of service and operations of the hotel.
Location
The central business district of Mactan is only minutes away whichever your preferred mode of transport. Mactan being a business, educational and administrative center in the province of Cebu provides you with every function of life made available in a variety of options.Public transport and commuter services are available round the clock at good prices. The Mactan International Airport is approximately 15 minutes’ drive from Savoy to cater for your flight needs both domestically and abroad.Mactan is a tourism hub marketed both locally and broad, with sandy beaches and other leisure facilities always booming with business so you can be assured of occupancy in your investment all through the year. Mactan is both a local and international business area of interest hence at any one time visiting stakeholders will look for ample accommodation during their visits and the Savoy comes right into play.
Layout Plans
The hotel has 500 suites varied across customer needs. Executive studio suits with ample living space, toilet & bathroom, a queen sized bed and fully furnished. Ideal for one.One bedroom suites with kitchen space, toilet and bathroom with a choice of balcony or without balcony and fully furnished; ideal used by a small family on vacation. Twin bedroom suites with a master’s bedroom, toilet and bathroom, kitchen space with a select offering a choice for balcony; best for a family on vacation. Queen suites designed specifically for comfort priorities come fully furnished with two queen size beds with living space, toilet and bathroom as well as balcony.
Custom made suites for the physically challenged.
Quality Assurance
The suites are fitted with all the necessary emergency systems and response is prompt.Agents are also on standby for any matters arising and routine checks regarding maintenance of the units before and after occupation. Housekeeping is also available on a scheduled routine and also on call. The interior of the suites presents quality of material used and decorum of the stature.
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