Architect’s Perspectiv
Architect’s Perspectiv
The Citadines Advantage • Part of the Ascott Powerhouse: Citadines is managed by Ascott, the world’s largest international serviced residence owneroperator.
• Brand Positioning: International serviced residence that caters to young professionals • Brand Personality: Young and vibrant look and feel • Distinctive Features: Serviced residence that offers flexible services plus all the comforts of a modern home
Track Record of the Ascott Group
3 Global Brands of The Ascott Limited
Serviced Residences – Strong Asset Class
Set to rise in the former site of Base Line, a Cebuano landmark that dates back to 1973, is an international serviced residences, C i t a d i n e s C e b u C i t y . The Property is owned by Cebu Landmasters and will be managed by The Ascott Limited, the world’s largest serviced residence owner -operator.
Citadines Cebu City • For the condotel investor, Citadines Cebu City adds brand value as it is managed by an international serviced residence. • Caters to both short and long-staying guests, offering packages with valuable add-ons that busy young professionals appreciate including daily breakfast, housekeeping, maintenance and security services. • The property complies with international hospitality standards, ideal for foreign business travelers or those with local business assignments, as well as leisure travelers. Architect’s Perspective
Location Citadines Cebu City will be part of the new Base Line Center, a modern mixed-use residential and lifestyle hub at the heart of a bustling midtown Cebu. Base Line remains to be one of the most desirable locations in Cebu as it is easily accessible from the major thoroughfares of Osmeña Blvd, Escario St, and Mango Avenue. It’s within a kilometer radius of tourist destinations, universities, hospitals, churches, government offices, and commercial establishments. The hotel will be an ideal second home for international businessmen and leisure travelers alike.
Architect’s Perspectiv
Main Entrance DropDrop - Off
Architect’s Perspectiv
Main Lobby and Lounge (9 th Floor)
Citadines Salcedo, Makati Sample Project
Citadines Salcedo, Makati Sample Project
9th
Floor Main Lobby
10th Floor Function/Event s Floor
Citadines Cebu City Floor Plans
11 th Floor
21st Floor
Citadines Cebu City Floor Plans
Studio King 30.28 SQM
Condotel Unit Types www.cebulandmasters.com
Studio Twin 34.48 SQM
1 - Bedroom 48.28 SQM
Sample photo from Citadines Salcedo, Makati
Condotel Unit Types www.cebulandmasters.com
1 BR Loft Units 54.60 SQM
Sample photo from Citadines Salcedo, Makati
Condotel Unit Types www.cebulandmasters.com
Sample Return of Investment 1st Year of Operations (2019)
65% occupancy
75% occupancy
85% occupancy
TOTAL NO. OF ROOMS
180
180
180
AVE. HOTEL RATE PER NIGHT
4 , 500
4 , 500
4 , 500
HOTEL OCCUPANCY RATE
65%
75%
85%
GROSS SALES PER NIGHT
526,500.00
607,500.00
688,500.00
No. of Days in a Year
355
355
355
Gross Sales Per Year
186,907,500.00
212,662,500.00
244,417,500.00
Less: Operating Expenses (65%)
121,489,875.00
140,180,625.00
158,871,375.00
RENTAL POOL INCOME PER YEAR
65,417,625.00
75,481,875.00
85,546,125.00
Total Condotel Area
6,491.71 sqm
6,491.71 sqm
6,491.71 sqm
Rental Pool Income/Sqm/Month
839.76
968.95
1,098.15
Studio Unit Typical Area
30.28 sqm
30.28 sqm
30.28 sqm
Yearly Income
305,134.65
352,078.45
399,022.24
Add: 10 Usable Days
45,000.00
45,000.00
45,000.00
YEARLY INCOME PER STUDIO
350,134.65
397,078.45
444,022.24
INVESTMENT
4,428,450.00
4,428.450.00
4,428,450.00 ,450.00
RETURN ON INVESTMENT
7 . 91%
8 . 97%
10.03% %
ROI Computation
Notes: 1) Ave. Hotel Rate Per Night is an estimated figure only. This is the projected rate by the start of operations in 2019. 2) Ave. Hotel Rate is the average rate of studio, 1 bedroom and loft units. 3) Net share for unit owners is estimated at 35% of net revenue. 4) The 65% OPEX may increase or decrease depending on the actual operation. Disclaimer: No warranties, however, of any kind, whether express or implied, are given with respect to any projections disclosed in this document (including without limitation, the projected return on investment) or the accuracy, completeness or correctness thereof. For presentation purposes only and may not form part of contract.
Citadines Cebu City – Investor Perks INVESTOR PERKS
CITADINES CEBU CITY
CONDITIONS
COMPLIMENTARY NIGHTS STAY
10 Days
Subject to availability. Owner to book directly at the property to expedite booking process. 10 days per year.
TRANSFERABILITY OF FREE NIGHTS STAY
Yes - Transferable
Owner needs to give an authorization letter.
COMPLIMENTARY USE OF FACILITIES - Pool/Gym - Function Rooms DISCOUNTS - Room Accommodation - Business Center
TRANSFERABILITY OF OWNERSHIP
When In-House With Preferred Rates
Complimentary use can be availed only when in-house.
With Preferred Rates for Condotel Owners
Yes – Transferable
New owner to assume the sale and leaseback terms
Citadines Cebu City Project Team
ROI Computation Developer
Cebu Landmasters, Inc.
Serviced Residence Operator
The Ascott Limited
Serviced Residence Brand
Citadines Apart’Hotel
Principal Architects
RMDA Architects Cañizares Architects
Structural Designer
RSA & Associates
Electrical Designer
F.A. Velasco Design
Mechanical Designer
FPA & Associates
Sanitary & Fire Protection
JSR Piping Sercies
Interior Designer
ERFE & Associates
[email protected] +63 32 5822211 / +63 923 4076 888
Project Details Citadines Floors
9th to 21st Floor of Tower 1 at the Base Line Center
Total Units
180 Hotel Units
Unit Types
88 66 22 4
-
Studio King Studio Twin 1 - Bedroom Loft Units
Permits
HLURB TLS No. 0056 (Base Line Residences 2 – Tower 1)
Launching Ground Breaking Start of Operations
October 2015 November 2015 Q1 2019
