Grand Cenia Benefits of Condotel Owners
Condotel and Residences
Archbishop Reyes Cebu City Philippines
Pre-Identified Nights for Owner’s Use
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The condotel unit owners are given 14 nights per year of free stay in the hotel and 14 nights per year of usage at a special discounted rate.
For the 14 free nights, 4 nights are usable during pre-identified peak seasons, 5 nights are usable during high season, and 5 nights are usable during low season.
For the 4 free peak nights, each owner will get rotating priorities annually (“totem pole” system) to choose which peak period he will avail for the incoming year. The reservations on the peak days shall be done during the first month of the year. Initially identified peak periods are as follows: Christmas to New Year (7 days), Sinulog Festival (Local Fiesta) (7 days), Holy Week (7 days), Nov.1- All Saints’s Day (7 days) and the Chinese New Year (7 Days) may be considered for inclusion as peak periods.
Use of free nights and special rate nights may be extended to the Condotel Unit Owner’s kids, siblings and parents.
For corporations only nominated bonafide employees will be entitled to avail of the benefits due to a unit owner. Each corporation shall be entitled to not more than 3 nominees.
These nights shall be on a “use it or lose it” basis.
Updated payment of association dues is necessary to avail of the benefits as listed above. Use of rooms is subject to availability, but if a Condotel Unit Owner would like to ensure accommodation, he must book 30-60 days ahead of the intended dates of use. Reservations will still be done through the hotel operator.
To maximize the earning potentials of each condotel unit, the condotel units would have to be given to the hotel for its hotel operations for the remainder of the year. This will help the hotel operator in marketing internationally for tours and other tour packages for the hotel.
A condotel owner may not be given his specific purchased unit (in the event that it is occupied by a hotel guest) and may be given another equivalent room in the hotel.
Condotel unit owners can also avail of bigger rooms, if available. The condotel unit owner will also not be entitled to a share of the profits for the number of days he made use of his unit. The hotel operations shall be all year-round except for an estimated 14 days that will be allotted for maintenance and repairs of the hotel floors.
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Special Usage Charges for Condotel Unit Owners
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A condotel unit owner would be given a special usage charge as his room rate for 14 nights.
10 nights of which are usable during the low season and 4 nights of which are usable during high season.
This usage charge will cover operating expenses such as power, housekeeping, linen, labor and other expenses related to his stay. This ensures that those who make their units available for hotel business for more nights will not be at a disadvantage by being burdened by the operating expenses incurred.
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