Citadines Millenium Ortigas Serviced Apart Hotel by Ascott Ltd
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Transcript of Citadines Millenium Ortigas Serviced Apart Hotel by Ascott Ltd
VIBRANT
GLOBAL
LIVING in the heart of Ortigas.
Providing Quality and Sound Real Estate Investment.
In the last 25 years, CDC Holdings, Inc. has grown and expanded its set of core businesses to meet clients’ specific needs and uphold its commitment by delivering almost 10,000 quality investments.
CDC Holdings Inc. is an investment holding company with interest in:
• Property Development
• Sales andMarketing
• Property Management
• Service Hospitality
Global Presence
CDC Holdings Inc. has five international offices.
Offering sound investment to expatriates and foreign investor.
• Japan
• Qatar
• France
• Germany
• United Kingdom
Notable Development
The company’s earliest
developments—such as,
Crisanta Tower, 139
Corporate Center,
Quadrillion Mansion in San
Juan, Millennium Plaza
Serviced Residences in
Makati City, Platinum 1000
and Platinum 2000 and
Somerset Millennium Suites.
Period Lease Rent Return on Investment Lease amount
• Yr 2001 Php 39,714,744 8% 414.74
• Yr 2002 Php 39,714,744 8% 414.74
• Yr 2003 Php 19,405,501 4% 202.65
• Yr 2004 Php 23,061,800 5% 240.83
• Yr 2005 Php 28,784,657 6% 300.60
• Yr 2006 Php 42,365,257 9% 442.42
• Yr 2007 Php 52,773,334 11% 551.11
• Yr 2008 Php 60,843,716 12% 635.39
• Yr 2009 Php 57,504,839 12% 600.52
• Yr 2010 Php 54,945,269 11% 573.79
• Yr 2011 Php 58,917,117 12% 615.27
The gross return has been an average of 8 to 11% per annum especially in the last 5 years.
Somerset Millennium Suites – Return On Investment (Track Record)
Prime Investment
Vibrant Global Living In the heart of Ortigas
A 32-storey development that combines, commercial services, a four star serviced residences and residential units in a land area of 1,749 sq.m.
CDC Millennium Ortigas offer a unique investments, and a place to live, breathe and dream.
More than just location.
Brings the highlights of
the city right at your
doorstep.
Green, Healthy and Luxurious Living
Aim to meet Singapore’s BCA Green Mark Assessment criteria, CDC Holdings incorporated green features to the project. -Unit comes with Multi-split Inverter Air Condition System -3.2 meters height floor to floor -Double Glaze Windows -Wall Greening in the lobby -Pocket Garden -Sky Garden Lounge. -100% back-up power supply -Motion Sensor Lights -Floor to ceiling windows to allow natural light and ventilation.
The Partner
The company operates three award-winning brands – Ascott, Citadines and Somerset. Its portfolio spans over 70 cities across more than 20 countries, 18 of which are new cities in Ascott's portfolio where its serviced residences are being developed.
Ascott's properties can be found in cities including London, Paris, Brussels, Berlin and Barcelona in Europe; Singapore, Bangkok, Hanoi, Kuala Lumpur, Tokyo, Seoul, Shanghai, Beijing and Hong Kong in Asia; Melbourne and Perth in Australia, Bangalore and Chennai in India as well as Dubai, Doha and Manama in the Gulf region
Understanding the Differences
Rental Apartment Hotel Serviced Residences
Lease Terms Long-term Short-term Variable
Occupancy Dependent on Dictated by the Stable occupancy
Trends market condition tourism industry
Services Minimal or none Full range Essential Services
Profitability Good Reasonable High
Sample Projected Return of Investment for CDC Millennium Ortigas
room type studio
room size 38
average daily rate (ADR) 4,500
occupancy rate 85%
room nights (less 5 nights) 360
room revenue per year 1,357,857
net share (35%) for unit owner 457,256
Monthly income for unit owner 39,605
CDC – mgt. fee (1%) 396
Monthly net income 39,209
Annual net income 470,504
Initial investment (with FF&E) 5,700,000
Annual gross return per unit 8%
Payback period (yrs) 12
Disclaimer: No warranties, however, of any kind, whether express or implied, are given with respect to any projections disclosed in this document (including, without limitation, the projected return on investment) or the accuracy, completeness or correctness thereof. For presentation purposes only and may not form/part of contract.
Note:
1. ADR is based on the average rate by operator for a 5 year period.
2. Occupancy rate is the average rate by operator for a 5 year period.
3. Room revenue per year is computed as ADR x occupancy x room nights
4. Net share for unit owners is estimated as 35% of net revenue
5. Mgt fee is 1% to CDC Holdings from the monthly gross income of owner
6. Annual return is the net revenue less the management fee
Framework of Success
• Generous use of space and carefully well designed units along with Ascott management.
• Branded building to be operated by international chain The Ascott.
• Separate sets of amenities, providing guest and unit owners the best service and utmost privacy.
• The best of life in the city. It offers
the convenience of living where everything is within reach.
• Assure of stability and continuous revenues.
• Capital Appreciation Value
Building Section
Exclusive Residential
Private entrance along Sapphire road.
CDC Millennium Ortigas promises a space that is tailored to the resident’s preference – offering the privacy of an apartment with the convenience of a hotel.
Exclusive Residential
Apartment residents are entitled to exclusive use of their own infinity pool, resident’s sky garden lounge, function room, mailroom, and administration office.
Typical Floor Plan
Serviced Residences
Operating under Ascott’s Citadines brand, it caters to expatriates and business travellers who value home comforts and conveniences the way they are used to.
Serviced Residences
Modern comforts, business connectivity, customised services – so you can relax, recharge, and function at peak performance.
Serviced residence
amenities include a
fully-equipped gym,
meeting room, business
center, and launderette.
Typical Floor Plan
Typical unit
Approximately 32.93 – 45.01 sq.m.
Typical unit
Approximately 38.39 – 80.41 sq.m.
Typical unit
Approximately 81.82 – 86.55 sq.m.
Typical unit
Approximately 139.81 sq.m.
Project Information
DEVELOPER CDC Land Premiere, Inc. a subsidiary of CDC
Holdings, Inc.
PROJECT NAME &
LOCATION
CDC Millennium Ortigas
Ortigas Avenue corner Sapphire Road
LAND AREA 1,749 square meters
TAGLINES VIBRANT GLOBAL LIVING in the HEART of ORTIGAS
Exclusive Sales & Marketing Quadrillion Sales, Inc.
CONTACT DETAILS Website:
www.cdcresidences.com
www.cdcmillennium.com
Contact No.:
+6328138331 / +6328940808
Project Team
Primary Architect
Technical Consultant
Interior Design
Structural Engineer Design
Engineering
Mechanical Engineer
Sanitary & Fire Protection
Project Management
Acoustic Design consultant
Green Consultant
RMDA Architects
Product & Technical Services / The Ascott Limited
Imaginart (Ivy Alamario& Associates)
JD Menguito Builders
EB Cruz & Partners
L.R. Punzalan & Associates
NBF Consulting, Inc.
Jose Aliling Construction Management Inc.
O8dB Acoustics Environments / www.zeroeightdb.com
Meinhardt Façade Technology Pte. Ltd /
www.meinhardtgroup.com
Serviced Residences Operator The Ascott
Serviced Residences Brand Citadines
Project Details
Building Details 6 floors
Lower ground floor
Upper ground floor
2nd floor
3rd floor
4th to 24th floors
25th to 32ndfloor
Roof top
31-storeys composed of Underground Parking area
Commercial space – convenience store
Lobby for service and residential & commercial spaces
Gourmet food hub
Exclusive amenity floor for Service Residences
20 floors Service Residences
8 floors Residential Apartments
1 unit Penthouse and exclusive amenity for the Res.Apart.
Number of Elevator for
Residential
Service Apartment
Service Elevator
9 Elevator units
2 passenger
4 passenger
2 sets elevator
Total number Units Residential Units
Service Apartment
Commercial Units
408 Units 128 units
280 units
13 units
Project Details
Building Features:
SAFETY
• Electronic Card system for all access of common for lifts and
entrance for service apartments
• CCTV in all levels, lifts, entrance, and amenities floor
• 24/7 hour security
• Fire protection system enabling units under emergency to be
easily pinpointed
• Automatic sprinkler system supported
• Public Access system for easy communication with building
administration
• 100% back-up generator for Service apartment and 1 lighting
fixture/2 convenience outlet for Residential apartment are
provided for each unit.
Residential Facilities &
Amenities
• Private entrance along Sapphire Road
• Mailroom and administration office
• Sky Garden, Residential Lounge at the roof deck
• Infinity swimming pool at the roof deck
• Option to use service apartment facilities
• (gym, function room, business center, launderette (charges
apply)
Project Details
Unit Types for Residential Units
(25th to 32nd floor)
Studio
1 Bedroom
1 Bedroom Deluxe
1 Bedroom Premiere
2 Bedrooms
16 units per floor
32.93 - 41.05 sqm
38.39 - 43.17 sqm
56.12 - 70.87 sqm
73.86 sqm
81.82 - 86.04 sqm
Unit Types for Service Apartment
(4th to 24th floor)
(19th to 24th floor ONLY FOR SALE)
Studio
1 Bedroom
1 Bedroom Premiere
2 Bedrooms
3 Bedrooms
14 units per floor
32.96 -45.01 sqm
65.06 - 80.41 sqm
78.81 sqm
86.55 sqm
139.81 sqm
License & Permits
License to Sell (LTS)
Certificate of Registration (CR)
Building Permit
#27015 issued 9/15/2013
#24739 issued 9/15/2013
BP 13R-0152 issued 3/26/2013
CMO AVP Web link https://vimeo.com/71722846
Project Details
Coming Soon
2015
Serviced Residences: Managed by:
Developed by: Exclusively Marketed by: