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Multi-purposing property continues to be a way to get the most use out of real estate, and high-rise developments in the Philippines have been no exception due to the surge of condotels in the country.
By the close of the last decade, the condotel (condominium-hotel) market in the Philippines has seen a remarkable growth. Interest in the local condotel sector has increased significantly in the past two years, with Metro Manila and Cebu being the particular favorites as investment destinations.
But What Is a Condotel?
A condotel is a condominium that is operated as a hotel with a registration desk, cleaning service, and other hotel-like services. Units in a condotel are individually owned. Unit owners have the privilege to place their units in the hotel’s rental program where they are rented out like any other hotel room.
There are many benefits of owning a condotel. There are quarterly dividends. Even if a unit is not leased or used, income can still be earned. There is also no time limit to ownership. And units come with freehold title deeds.
Condotels have mushroomed considerably in Metro Manila and are also doing the same in the country’s major cities, particularly in Cebu and Davao. Below is a list of some condotels found in the aforementioned cities.
Condotels in Metro Manila
VIP Suite Apartelle, Makati
VIP Suite Apartelle only holds 26 spacious rooms but offers a wide range of units including standard rooms, twin deluxe, superior deluxe, and executive suites. Residents and guests of the condotel literally live like VIPs as evidenced by topnotch services and amenities, such as 24-hour room service, laundry service, concierge, coffee shop, restaurant, Wi-Fi, sauna, spa, steam room, tours, and airport transfer.
BSA Mansion Condotel, Makati
A full service condominium hotel, BSA Mansion Condotel Makati is located in a serene area of Makati but is near enough to leading shopping malls and shops, restaurant and bars. Room types, all fully furnished, are classified as standard, superior, and deluxe. Hotel services and facilities include room service, beauty salon, currency exchange services, laundry service, and use of safe deposit box. Amenities include a fitness gym, swimming pool, sauna, grocery shop, flower shop, and an in-room massage services and spa.
Mezza Residences Condotel, Quezon City
Mezza Residences Condo and Condotel is a condominium complex consisting of four towers. Along with SM Station Mesa as a ready shopping destination, the condotel has its own supermarket, shops, and restaurants at the Mezza Strip. Amenities residents and visitors can enjoy include private function rooms, 25-meter lap pool and kiddie pool, playground, gym, cabanas, and a 1,000-square-meter lawn and barbecue area. Other facilities include three high-speed elevators, centralized garbage disposal and collection system, automatic fire alarm and sprinkler system, and CCTV at the main lobby, entrance, and ramps.
Copacabana Apartment Hotel, Pasay
Copacabana Apartment Hotel boasts of fully furnished rooms and countless dining options through its own restaurant, coffee shop/café, and bar/lounge as well as nearby dining establishments. There is a 24-hour room service, an outdoor pool and a sauna, a business center, Wi-Fi, a round-trip airport shuttle (available on request), and complimentary self-parking. Additional amenities include tour/ticket assistance, currency exchange, and complimentary newspapers in the lobby.
Webcatz Condotel Avida Towers, Parañaque
Webcatz Condotel contains fully furnished studio units that come at very reasonable prices. The condotel also offers daily, weekly, and monthly rentals. Webcatz Condotel is located along Dr. A. Santos Avenue (formerly Sucat Road) in Parañaque, which is only a few minutes away from the Ninoy Aquino International Airport. Facilities and amenities offered are non-smoking rooms, a mini bar, coffee maker, cable TV, swimming pool, Wi-Fi, and free parking.
Condotels in Cebu
Grand Cenia Condotel (Quest Hotel) and Residences, Cebu City
Grand Cenia, located right across Cebu Business Park, gives residents spectacular views of the whole city. They can enjoy the luxurious hotel-standard amenities and quality services that are uniquely Grand Cenia. At the condotel’s amenity floor at the seventh level, a leisure haven awaits. A lap pool, kiddie pool, sundeck, landscaped gardens, and a gazebo will soothe the senses. Fine-dining restaurants and a coffee shop will fulfill any gastronomic needs. For business and social gatherings, there are conference rooms with telecon facilities, business centers with Wi-Fi, and function rooms for social events.
Feel Great Stay Condotels – San Marino, Cebu City
Feel Great Stay Condotels – San Marino is less than half a kilometer from SM City Cebu and over a kilometer away from Ayala Center Cebu. Units come with standard fixtures. They include a kitchen fitted with a microwave, a refrigerator and stovetop, and a private bathroom with a bathtub or shower plus free toiletries. There is also free Wi-Fi in selected areas as well as private parking. The property is fully air-conditioned and features a sitting area/lounge where residents can relax.
City Suites, Cebu City
City Suites is located at the Cebu central business district and is only a minute’s walk from the nearest transportation terminals. It is also 12 kilometers away from Mactan Island. The condotel features terraces with great city views, modern unit spaces, and standard fixtures. Each unit has complimentary Wi-Fi, flat-screen TV, kitchenettes, and sitting areas. Suites can be upgraded to add floor-to-ceiling windows. Freebies at the condotel include breakfast and parking. A casual restaurant, a bar, and an events space can be found within the condotel.
Condotels in Davao
Vivaldi Condotel, Davao City
Vivaldi Residences Davao or Vivaldi Condotel is a 32-floor hotel and residential condominium. It is located in front of the Ateneo de Davao University and is only walking distance to many parks, shopping centers, work offices, banks, and other business establishments. Vivaldi Condotel offers standard facilities and amenities that ensure comfortable living to residents and guests alike.
The Oasis Davao Condotel, Davao City
The Oasis Davao Condotel offers comfortable accommodation as well as convenient access to the city’s top commercial spots. It is within a kilometer from SM City Davao. The condotel features an outdoor pool, a fitness gym, and a children’s playground. Friendly and well-trained staff at The Oasis Davao can assist residents and guests with grocery deliveries and concierge services. Other activities like water sports activities and meeting/banquet facilities can also be arranged.
Main image via Depositphotos
