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Updated Centro Tower - Hotel Concept

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Page 1: Updated Centro Tower - Hotel Concept
Page 2: Updated Centro Tower - Hotel Concept

VicinityIn Keeping with the CENTRO name,Centro Tower is situated in a primeQuezon City Location. You’re in theheart of the pulsating metropolis,within short distances to dynamicshopping centers, transportationhubs and top notch educationalinstitutions.

With Centro Tower, vibrant urbanliving is a heartbeat away.

Page 3: Updated Centro Tower - Hotel Concept

Tomas Morato

New Manila

GilmoreIT Center

Robinson’s Magnolia

GreenhillsShopping Center

LRT 2 Betty Go Station

AranetaCenter

GatewayMRT

Araneta Cubao

Page 4: Updated Centro Tower - Hotel Concept

Centro Tower is the perfect place for home.Be part of the small caring communitiesWee Comm Developers’ Inc. is known for.Amplify your routines and enjoy elegantdesigns with a modern mindset.

Centro Tower is the perfect place for yourlifestyle.

Page 5: Updated Centro Tower - Hotel Concept

16th to 25th FloorThe Hi! Hotel & Resorts

2nd to 15th FloorResidential Floors

Ground FloorCommercial

PenthouseAmenities

Page 6: Updated Centro Tower - Hotel Concept

Project Address 138 N. Domingo St., Cubao, Quezon City

Total Floors 24 Floor with Penthouse

Number of Units 256 Units

Ground Floor Reception, Restaurant and Commercial Establishments

2nd to 15th Floor Residential Component- 11 Units per Floor

Turn Over 2nd to 15th Floor June 2017

16th to 25th Floor Hotel & Resorts Component- 10 Units per Floor

Turn Over 15th to 25th Floor December 2017

Penthouse Swimming Pool, 200+ Capacity Function Rooms, Business Center, Gym and View Deck.

Building Features

Fully Functional Hotel Operations complete with Concierge, Bell Boy, Maintenance Crew, and Restaurant

3 High Speed Elevators

Fully Addressable Fire Detection & Alarm System

Fiber to Home Telephone/Cable/ Data Provision

Extra Cable Provider

Page 7: Updated Centro Tower - Hotel Concept
Page 8: Updated Centro Tower - Hotel Concept

Ground Floor PlanRestaurantHotel LobbyReception with ConciergeMail RoomLuggage RoomPatio and Greeneries

Page 9: Updated Centro Tower - Hotel Concept

Amenities Floor PlanFunction RoomsBusiness Centers/ Conference Roof GardenSwimming PoolGymViewing Deck

Page 10: Updated Centro Tower - Hotel Concept

Adaptable designs allow you to enjoy yourunit the way you want to. Choose from astudio, 1 Bedroom or 2 Bedroom layouts,all larger than industry average. Riseabove the crowd and reveal a home youcan call your own. With versatile designsand centralized location, Centro Towerlets you see the vision of what home canbe.

Page 11: Updated Centro Tower - Hotel Concept

1 Bedroom Unit

Gross Area 37.70 SQM

Livable Area 35.70 SQM

Balcony Area 2.00 SQM

Page 12: Updated Centro Tower - Hotel Concept

2 Bedroom Unit

Gross Area 37.70 SQM

Livable Area 35.70 SQM

Balcony Area 2.00 SQM

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Page 14: Updated Centro Tower - Hotel Concept
Page 15: Updated Centro Tower - Hotel Concept
Page 16: Updated Centro Tower - Hotel Concept
Page 17: Updated Centro Tower - Hotel Concept

Wall Partitions 4" CHB- Plasetered and Painted

FloorExterior 600 x 600 Ceramic Tiles (Dining, Kitchen & Living Areas)Bedroom 3mm Permium Vinyl Planks

Windows Powder Coated Aluminum Sliding Windows

Toilet & BathFloor 300 x 600 Ceramic Tiles

Wall 1 Layer 300 x 600 Ceramic Tiles & 1.8 Meter high 300 x 600 Ceramic Tiles in Shower Area

Fixtures Full Sized T & B Fixtures, Telephone and Rain Shower Type

KitchenSolid Surface Kitchen Counter with Stainless Steel Base cabinet with a Provision for Exhaust

DoorSound Proof Steel Doors

Unit Specifications

Page 18: Updated Centro Tower - Hotel Concept

SERVICED RESIDENCE PROGRAM

2015

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Page 20: Updated Centro Tower - Hotel Concept
Page 21: Updated Centro Tower - Hotel Concept

SERVICED RESIDENCE PROGRAM The Serviced Residence Program involves taking a number of

individually owned condominium units, pooling them together, and

operating them with hotel services.

It does not require that all units in a condominium participate – just

enough to make the operation cost-effective.

Units need not be contiguous.

Valued clients (guests and/or tenants) are provided with the following

services:

• Housekeeping

• Reception

• Concierge

• Guest Relations

• In-Room Maintenance

Page 22: Updated Centro Tower - Hotel Concept

WHAT ARE THE BENEFITS IN JOINING THE PROGRAM?

HIGH RENTAL INCOME POTENTIAL

• The Serviced Residence Program is expected to give unit owners greater

earnings potential due to higher average daily rates that can be charged

to corporate clients/guests on short stays.

100% HASSLE-FREE OWNERSHIP

• One of the most appealing benefits of this program is that it relieves the

unit owner of the worries and problems that are inherent to finding and

dealing with tenants.

GUARANTEED MAINTENANCE

• We will handle the repairs and maintenance of your unit. Your unit and its

furnishings will be professionally maintained on a regular basis.

Page 23: Updated Centro Tower - Hotel Concept

WHAT ARE THE BENEFITS IN JOINING THE PROGRAM?

STEADY FLOW OF RENTAL INCOME

• A unit owner can expect to receive a steady monthly income whether or

not his/her unit is occupied. Management pools together the total income

of the entire program and distributes this to unit owners, net of operating

costs.

COVERED OWNERSHIP EXPENSES

• The Serviced Residence Program covers association dues, cable,

utilities, cleaning and laundry expenses, marketing expenses as well as

administration and maintenance costs.

NO REFURBISHMENT WORRIES

• The Serviced Residence Program also establishes a replacement fund for

FF&E so there will be no need for unit owners to worry about the

replacement of worn out furniture or appliances.

Page 24: Updated Centro Tower - Hotel Concept
Page 25: Updated Centro Tower - Hotel Concept

GROSS RENTAL REVENUENumber of Rooms available X Occupancy Rate X Average Room Rate

NET RENTAL REVENUEGross Rental Revenue ▬ Operating Expenses* and Other Fees**

EARNINGS PER SQUARE METERNet Rental Revenue ÷ Total Square Meters in the Rental Pool

UNIT OWNER EARNINGSEarnings per Square Meter X Area of Unit

HII SERVICED RESIDENCE PROGRAMHOW DO YOU COMPUTE UNIT OWNERS EARNINGS?

*Operating Expenses:Departmental Cost: Payroll and Related Expenses | Rooms Operating Costs | Other Operating ExpensesOverhead Expenses: Administrative expenses | Sales & Marketing | Property maintenance | Energy costs

**Other Deductions: Third Party Insurance | Incentive Fees (8%) | Provision for Taxes | Reserve for Furniture & Fixtures, Amortization and Depreciation

Page 26: Updated Centro Tower - Hotel Concept

DESCRIPTION Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

10-Yr Total /

Average

% of Occupancy 58% 64% 70% 74% 80% 80% 80% 82% 82% 81% 76%

Average Room Rate-Php 2,914 3,186 3,331 3,497 3,672 3,856 4,048 4,157 4,269 4,383 3,798

Total Gross Revenue 44,500,263 75,496,063 85,197,168 95,670,398 107,434,640 112,806,372 118,446,691 125,277,271 128,659,713 132,124,833 1,025,613,412

Owner's Profit 11,794,851 31,399,327 36,548,071 42,300,176 48,813,659 51,377,917 54,074,131 56,769,981 57,261,106 57,706,518 448,045,736

% to Revenue 27% 42% 43% 44% 45% 46% 46% 45% 45% 44% 44%

Average Earnings per SQM 301 595 692 801 925 973 1,024 1,075 1,085 1,093 871

Average ROI 4% 8% 9% 10% 12% 13% 13% 14% 14% 14% 11%

HII 10 Year Projection

Page 27: Updated Centro Tower - Hotel Concept

• Unit owners will be asked to open a savings account in a bank

identified by HII. Unit owner’s earnings will be deposited in this

account on a monthly basis.

• Through the unit owners portal linked to the Serviced Residence

Rental Pool website, unit owners can view their statement of account

and deposit slip of their monthly earnings. Each unit owner will be

given a password in order for them to access the portal at anytime.

HII SERVICED RESIDENCE PROGRAMHOW WILL I RECEIVE MY MONTHLY EARNINGS?

Page 28: Updated Centro Tower - Hotel Concept

Hii Studio Unit

Gross Area 37.70 sqm

Livable Area 35.70 sqm

Balcony Area 2.00 sqm

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Hii 1 Bedroom A

Gross Area 48.00 sqm

Livable Area 40.00 sqm

Balcony Area 8.00 sqm

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Hii 1 Bedroom I

Gross Area 48.00 sqm

Livable Area 40.00 sqm

Balcony Area 8.00 sqm

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Hii 1 Bedroom K

Gross Area 49.08 sqm

Livable Area 47.08 sqm

Balcony Area 2.00 sqm

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Hii 2 Bedroom F & G

Gross Area 82.55 sqm

Livable Area 78.55 sqm

Balcony Area 4.00 sqm