PASAY | Hotel 101 Manila [15F|hot]

[asifebrahim]

It's been confirmed foreigners are allowed to buy here. Doesn't 3500 a night plus tax seem high for this type of hotel? Is this going to be a 2 or 3 star hotel?

[bevepi]

Originally Posted by asifebrahim

It's been confirmed foreigners are allowed to buy here. Doesn't 3500 a night plus tax seem high for this type of hotel? Is this going to be a 2 or 3 star hotel?

I think 3500 is a fair price for a hotel in this location. The nearest hotel in the is the Microtel inn, the rate is more than 3500

[asifebrahim]

Originally Posted by bevepi

I think 3500 is a fair price for a hotel in this location. The nearest hotel in the is the Microtel inn, the rate is more than 3500

Ok thanks for that. Plan to check it out on Tuesday. do they have a show room there?

Also I noticed over 500 rooms in the hotel so at 30% occupancy it's still 150 rooms a night to fill.

[doctor joe]

1,500 like TUNE hotel ermita and TUNE hotel makati

and soon TUNE ortigas at 1,200 per night all in or 400 for promo nights

[bevepi]

Originally Posted by asifebrahim

Ok thanks for that. Plan to check it out on Tuesday. do they have a show room there?

Also I noticed over 500 rooms in the hotel so at 30% occupancy it's still 150 rooms a night to fill.

Great buy Sorry I don't know. I don't even know the developer. I just learned that this hotel might be own by Sia's luckily their mang Inasal was bought by jolibee..

[arch ferdz]

[arch ferdz]

[hotel101manila]

[alexbam2006]

http://www.youtube.com/watch?v=tz7As...layer_embedded

Hotel 101 AVP

[likemike]

Source: Philippine Daily Inquirer
Link:http://business.inquirer.net/79658/c...art-investment



Condotel a secure, smart investment
By: Theresa S. Samaniego
Philippine Daily Inquirer
1:45 am | Saturday, September 1st, 2012
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This may be one way to make your hard-earned investment work for you.



Although there are varied avenues where funds can be placed to generate decent returns, investing in real estate is one of the options considered by many as this gives one a tangible asset, whose value may appreciate over time. But, realistically speaking, earnings that can be derived from property investments usually take time to mature.



A new development that is set to rise at the Mall of Asia Complex, however, is set to change that and provide investors real time if not immediate earnings for every investment its buyers make.



Hotel 101, a project developed by Hotel of Asia Inc., a joint venture of Injap Investments Inc., OishiLiwayway Marketing Corp. and Staniel Realty and Development Corp., provides investors an opportunity to own a prime hotel room in Metro Manila and eventually earn from its occupancy.



Hotel 101 is a 15-story condotel with 527 identical, hotel-grade rooms, measuring 21 sq m each. It is conveniently located minutes away from the airport, Makati central business district and some of Manila’s best entertainment establishments.



“The concept of this development is born out of my personal experience. As a budding businessman who often visited Manila for business meetings, the concept of Hotel 101 is definitely a good investment,” Edgar ‘Injap’ Sia II, chair and CEO of Injap Investments, said in a statement.



As compared to mutual funds, stocks and other facilities which are intangible, volatile and has no capital protection, owning a unit in Hotel 101 is a secure, titled hard asset which is sure to dramatically rise in value in the coming years apart from providing a monthly income an astute investor can rely on.



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.



Managed



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.



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.



Located at the corner of Edsa and Macapagal Boulevard, Hotel 101 will soon become a landmark for travelers and businessmen going to Manila because of its convenient location right at the heart of what will soon be the entertainment capital of Manila.



Hotel 101 is located right across Blue Wave, near the Mall of Asia and a few minutes drive to the Pagcor Entertainment City. Also, with the booming developments within its vicinity, the hotel will definitely enjoy good occupancy by the time it opens in December 2015, thus allowing unit owners to earn substantially.

[likemike]

What do you think?
30% of the gross income after VAT, divided equally to 527 unit owners. Is it worth your investment?
If they can have 30% room occupancy per night (as per asifebrahim's estimate) or 160 rooms multiplied
by 4000 pesos per night (bevepi's info was 3500/night but I'm assuming by dec 2015 the average would have increased around the area) times 30 nights per month is 19.2Million.
Removing 12% tax is 16.896M.
30% of 16.896M is 5068800pesos. finally dividing this to the 527unit owners would give us 9618pesos/month per unit owner.
But if the occupancy is around 70% per night and the room cost an average 7k a night,
that would give unit owners around 39k a month per unit owner.

[hotel101manila]

piling works started:

[DoubleDragon]

[DoubleDragon]

[asifebrahim]

I was looking at a worse case scenario where the room rate was slashed by half to 1750 a night. Then at this rate it would be easy to get 70 percent occupancy which would net the owners roughly 11025 pesos a month which is around a 4.4 percent return on investment a year.

This calculation does not include the 30 nights you can stay at the hotel.

Also you have scope for capital gains on the property.

I presume that the 3500 peso a night would be the rack rate figure and many rooms would be rented at less than that in some promotions.

So using my figures above the return is at least a minimum of 4.4 percent in the worse case scenario.

My only concern was the finishing quality of the hotel rooms. There was a you tube video for hotel 101 where the rooms looked quite good however they looked different on the website of hotel 101 manila.

Also i believe there are only 522 rooms now. Originally it was 527 but apparently it has been reduced due to some building requirements.

Any thoughts anyone ?

Originally Posted by likemike

What do you think?
30% of the gross income after VAT, divided equally to 527 unit owners. Is it worth your investment?
If they can have 30% room occupancy per night (as per asifebrahim's estimate) or 160 rooms multiplied
by 4000 pesos per night (bevepi's info was 3500/night but I'm assuming by dec 2015 the average would have increased around the area) times 30 nights per month is 19.2Million.
Removing 12% tax is 16.896M.
30% of 16.896M is 5068800pesos. finally dividing this to the 527unit owners would give us 9618pesos/month per unit owner.
But if the occupancy is around 70% per night and the room cost an average 7k a night,
that would give unit owners around 39k a month per unit owner.

[DoubleDragon]

[alexbam2006]

YOU ARE SPAMMING!!!!!

[skyscraper2012]

i dont like the design. another SM lego block... sinasayang lang nila ang space ng MOA complex. wala man lang garden sa moa tulad ng sa greenbelt. tapos puro white hospital buildings ang tinatayo nila. ano ba yan.

[Narnian_King]

Originally Posted by skyscraper2012

i dont like the design. another SM lego block... sinasayang lang nila ang space ng MOA complex. wala man lang garden sa moa tulad ng sa greenbelt. tapos puro white hospital buildings ang tinatayo nila. ano ba yan.

outside sm property yan

[skyscraper2012]

Originally Posted by Narnian_King

outside sm property yan

ah ganun ba? parepareho kasi silang lego blocks ang hirap tukuyin kung ano ang sm at kung ano ang hindi