Condotel Investment in Mall of Asia Complex
Hotel 101 Manila
The booming tourist industry in the country is continuing and is projected to attain even greater levels of arrivals in the very near future. But the traveler of today has proven to be a wiser and more astute one especially in the business traveler category both locally and internationally – they look for practical and budget-friendly accommodations that truly offer value-for-money. This is the target market of Hotel 101 Manila when it opens its doors for business on December 12, 2015 – a huge and ever-growing client base that will appreciate the comforts and convenience the hotel offers at a very reasonable price.
PERKS & REWARDS:
With Hotel 101, unit owners will get various perks and rewards, which will include 30 nights of free use at the Hotel 101 Manila every year. Owners will not have to worry about maintenance and upkeep of the unit.
Hotel 101 will be run by professional friendly staff and will boast hotel amenities such as a pool, lounge area, business center and valet parking. All areas of the hotel will be Wi-Fi-enabled to ensure that one is always connected. Each unit meanwhile will be furnished with two beds, 32” LCD TV and a mini refrigerator.
The unit owners will only have to enter into a management joint-venture agreement with the hotel operator. Thirty percent of the gross sales (after value-added tax) will be equally divided among unit owners and will be paid on a monthly pay-out basis which is credited directly to the unit owners’ bank account.
Although the condotel units will be managed like a standard hotel, the unit owners will be able to hold on to their respective condominium titles. Mang Inasal Founder Edgar “Injap” Sia II aims to transform his hotel business into a major industry player with the help of a foreign investor. Sia’s Hotel of Asia Inc. has already lined up an expansion program in 15 key cities nationwide through Chinese hotel giant JinJiang. “Hotel of Asia is envisioned to be a major hospitality sector player in the country catering to different market segments,” Sia said in an interview. Hotel of Asia is a joint venture company of Injap Investments Inc., Oishi Liwayway Corp. and Steineil Development Corp. To date, the company has two brands: The Jinjiang Inn and condotel brand Hotel 101.
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FAQs about Hotel 101 Manila
How does Investment with Hotel 101 Manila works?
You can invest by acquiring a piece of the hotel. Your owned room will be managed as part of Hotel 101 Manila, and as the owner you will have a yearly 30 days free use of the room, and ...READ MORE»
Hotel 101 Manila: Important Information
We are looking forward to assist you at your most convenient time, simply fill our inquiry form or set an appointment, so we can make a good arrangement in advance. Call us at +632-871.8804 | +63-917.522.7699