Best Hotel Development – Cebu / The Grand Tower

The Grand Tower Cebu

There are countless hotels in Cebu but only one fuses occupation, recreation and rest in a vertical community. That is The Grand Tower, the winner of Best Hotel Development – Cebu at The Dot Property Philippines Awards 2017. The stunning property is managed by Dusit Princess of Dusit International and has delighted visitors thanks to a modern design and first class facilities.

The Grand Tower is situated in a prime location near Cebu International Harbour, Ayala Centro Mall and several premier medical centres. Additionally, the location offers easy access to many important roads making it easy to travel around the city.

A number of recreational facilities can be found at the property, including a breathtaking infinity swimming pool, a fitness centre, an outdoor lounge and all-day dining facilities. The hotel is situated on the 20th-30th floors of The Grand Tower, which is also home to an office complex and a retail space. Developer Grand Land wanted the mixed-use tower to offer a place where one could work, dine, play and sleep in an upscale environment, and they have successfully achieved that.

All 295 Grand Tower condo hotel units are enrolled in the Condo Hotel Rental Pool Program with Dusit International handling bookings, reservations, maintenance and other services, allowing investors to sit back, relax and enjoy their returns. The Grand Tower has a unique profit sharing scheme that sees the average occupancy rate of all the rooms enrolled in the program used to determine revenue.

Of course, Cebu has become a popular destination and with good reason. It has beautiful beaches and a relaxed vibe that makes it the perfect place for a holiday. The island also boasts some of the Philippines’ most developed business, transportation and communications infrastructure outside of Manila, making it a business hub as well.

With that in mind, The Grand Tower condo hotel unit owners are entitled to 15 stay days each year that can be used at any time. Owners also have the ability to sell these days on their own or enroll them back to the hotel rental pool program.

Potential ROI at The Grand Tower is 7 to 11 percent based on occupancy rates of 65 to 90 percent and rental day revenue. With low interest rates from banks available, investing here makes sense, especially considering the fact there is no need to go out and secure tenants. The property is managed by a well-known hotel operator and offers facilities as well as a central location that are sure to attract visitors for years to come.

Project: The Grand Tower

Developer: Grand Land Inc.

Architect: AIDEA Philippines, Inc.

Total number of units: 295 condotels units, 204 condo office units

Facilities: Swimming pool, business centre and conference rooms, entertainment & retail areas, all-day dining facilities and hotel facilities

Sales office phone: (032) 260-7777

Email: [email protected]