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Welcome to Grand Cenia Cebu
Grand Cenia Hotel and Residences was conceptualized in response to the flourishing hotel industry in Cebu. From year 2006 performance alone, all the major hotels (three star class and up) in Cebu experienced a very high, year-round occupancy rate. Conventions, both national and international, are being held in Cebu regularly. Together with the increasing tourism patronage from locals, OFWs, and foreigners, there will be a big shortage of supply for the hotel industry in Cebu as it plays catch up to address the growing demand for hotel rooms in the next 3 to 5 years.
Grand Cenia hotel residence - Grand Cenia hotel and residence - 25-storey residential and commercial project that occupies a 4211 sqm lot located along the corner of Archbishop Reyes and Solon Street, just across Cebu Business Center,prime location since almost all major location is within its reach the architecture of the building’s interior is mainly European in theme with clean lines that inject a “minimalist” sense to the space commercial areas on the 1st – 3rd floors parking areas on the basement, 4th, 5th and 6th floors amenities and facilities are at the ground, 6th, and 7th floor.
True to the essence of its name, Grand Cenia seeks to attract people who have gone places and are going places.
The condotel product mostly hopes to attract the market segment that have needs for temporary living spaces whenever they visit Cebu, whether for business or pleasure, and an investment tool that earns for them when not in use.
The residential condominium products mostly hopes to attract the end-user market segment who may have longer term living space requirements, whether they have chosen to make Cebu their home or they need to set up base in the economic and academic hub that is Cebu.
Whether for investment or retirement living, Grand Cenia is the best choice.
Grand Cenia Cebu
As more tourists are visiting the country every year, hotel industry also flourish. That is why land developers are creating more ways for real estate investors to take a profitable advantage of this promising situation.
Condominium and business hotel merged into one to form the Grand Cenia Hotel and Residences. As a ‘condotel’, it is a profitable way of taking advantage of the current investment and tourism boom in Cebu, along with the rising number of OFWs originating from the area.
This internationally managed hotel is an investment that you can enjoy and earn money from at the same time. Pooled and operated as a business hotel, each condotel unit is never idle. You have a home when you are in Cebu and the units are rented out while you are away, earning for you a quick return on your investment.
Grand Cenia Hotel and Residences is targeting to give its condotel owners a Return On Investment (ROI) of 15% or above. This is a higher rate compared to usual real estate investment ROI which is only 10%.
Condotel Units as Hotel Rooms
Upon turnover and full payment of the buyer, each condotel unit will be transformed to a typical hotel room with interior and furnishing finishes based on set hotel standards and look.
Based on the preference of the hotel operator, some condotel units will be converted to twin-bed rooms (double single beds) or single-bed rooms (queen-size). Bigger hotel rooms and adjoining units can be transformed and offered by the hotel as deluxe or suite rooms for guests.
Condotel owners are allowed 14 nights free per year in the hotel plus generous discounts on extended stay – and it earns money while you are away . .
Payment schemes such as deferred payment with no interest for three years are available
Non-Filipinos are allowed to own condo units in the Philippines –
Residential Condominium Units
Three residential condominium units are offered – the 1-bedroom, 2-bedroom and 3-bedroom units.
The 1-Bedroom units have a standard size of 49.98 sqm. The unit has a dining area, a living and receiving area, a kitchen, and a main bedroom with its own privately accessed toilet and bath. The building offers 63 1-bedroom units.
All types of units are configured in a way that will give the living and receiving area and all the bedrooms full advantage of the view that their unit windows offer.
Depending on the location of their unit on the floor layout, their views would range from a panoramic view of the Cebu Business Park, the surrounding mountains and the amenity area.
All the residential condominium units are also sold with specific pre-identified parking units located either on the 4th, 5th or 6th floor of the building.
