Savoy Hotel by Megaworld
Project Type : Condominium
Listing Type : Preselling
Units : Studio, 1 BR
Price: ₱ 4,000,000 & Up
Address : Mactan Newton
Location : Cebu City , Cebu
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