Sotogrande hotel suites is located in Riverfront Corporate City, Maa, Davao City. It offers you the opportunity to invest in a hotel suite that offers every investor a quarterly income and a stress-free investment.
Owning a unit at the Sotogrande Hotel Suites is just like owning a piece of luxury. As a hotel suite owner, you are entitled to a privilege very unique to Sta. Lucia condotels – free 30 hotel room nights at Sotogrande Hotel Suites Davao, with an option to use 3 nights in other Sta. Lucia hotels and condotels nationwide every year.
Land Area: 3,265 sqm
No. of stories: 15
No. of units: 260
No. of Parking Slots: 18
Package Price: 2.2 – 5.3 M
Target completion Date: last quarter of 2018
- Lap pool
- Kiddie pool
- Jacuzzi area
- Poolside bar
- Veranda / viewing deck
- Coffee lounge restaurant
- Piano bar
- Function Room
- Special access to nearby Palos Verdes Sports and Country Club
Frequently Asked Questions:
What is a condotel?
->Condotel is a condominium project that is operated as a hotel with a registration desk, cleaning services, and others. The units are individually owned and unit owners place their units in the hotels rental program where it is rented out like any other hotel room.
Who will operate Sotogrande Hotel?
->Sotogrande Davao will be operated by Sta. Lucia’s Hotel Management Group, a wholly owned subsidiary of Sta. Lucia Land Inc. It is a company established in 2008 and is currently operating 3 Sta Lucia condominium hotel projects – Sotogrande, La Mirada and La Breza.
How Long will the Unit be part of the Hotel Pool?
-> The condotel will be operated for 15 years.
What Benefits do I get if I invest in a condotel?
->The benefits of investing in a condotel is that you will get quarterly dividends. You will also get to enjoy 30 room nights free every year and you have the option to use 3 nights per year of other Sta. Lucia hotels nationwide.
Will the Unit Owner still get Dividends even if Unit was not Rented?
->Yes! A condominium unit owner will still be entitled dividends in net room revenue regardless of whether unit owner’s unit was actually rented or not. Net room revenue generated from all hotel units are issued to all unit owners per square meter basis after the end of each quarter.
What are the advantages of Sta Lucia as hotel operator?
->A “worry free” investment because the hotel operator manages the leasing of the hotel rooms, their maintenance, refurbishment and improvement as well as their operating expenses, real property taxes, association dues, common area
charges, utilities, insurance and other related expenses.
-> An independent auditor, accredited with the Philippine Securities and
Exchange Commission, will be hired to audit, examine or review the hotel
operator’s annual operating statement.
-> Very low property management fee of 30% only compared to others with
50% – 60%
-> Experienced hotel property management group with 3 operational hotels to date –really after the income commitment to investors
-> Property Management now have tie-ups with agoda.com, booking.com,
expedia.com, orbitz.com, asiaroom.com, hotels.com, etc.
Why invest in Condotel?
-> hassle-free ownership; no landlord issues; avoid maintenance headaches
-> generate rental revenue to offset some or maybe all your ownership
-> a fantastic vacation home you can use whenever you want, “FREE”
-> a safe real estate investment in a day and age where other investments
may seek more risky or less attractive
-> strong likelihood of appreciation
-> pride of ownership
When can a unit owner start getting dividends?
-> once the condotel is operational provided that:
- buyer has fully paid with the requird DP
- SLLI received bank guarantee from the bank for the balance
- buyer is of good standing: meaning that the buyer is religiously paying his/her monthly amortization even if the condotel is not yet operational
- PDC are required to start being entitled to dividends
When is the start of Land Development & Completion?
-> Land Development will start in 2016 and completion will be end of 2018
Is there available in-house financing scheme?
-> yes, only 5 years to pay no interest, but promo only until further notice
What are the requirements to submit upon reservation?
- 2 Valid Philippine Issued ID
- TIN ID or verification Slip
- Filled up Buyer’s Info Sheet
- Signed Reservation Agreement Form
Sotogrande Davao Unit floor Plans:
(FOR INFORMATION PURPOSES ONLY)
How can you purchase a unit at Sotogrande Davao?
Contact us for updates to know the availability of condotel units at Sotogrande Davao. Then, we can schedule a site viewing/showroom viewing for you or your representative/trustee here in Davao City.
Note: Prices are subject to change without prior notice.