SAVOY HOTEL MANILA: CONDOTEL WITH PASSIVE INCOME

Property Code: S24-02-D

Megaworld's Savoy Hotel Manila is a premier condotel offering a unique blend of luxury and investment opportunity. Strategically located in the vibrant Newport City, it caters to both local and international guests, providing exceptional hospitality and services. As part of Megaworld's extensive portfolio, Savoy Hotel Manila stands out for its modern amenities, professional management, and potential for passive income, making it an attractive option for investors seeking to capitalize on the booming tourism industry. With its commitment to quality and innovation, Megaworld continues to redefine the condotel experience in the Philippines.

📍Newport City, Pasay City (In front of NAIA terminal 3 walking distance from Resorts World Manila/Newport World Resorts)

ADVANTAGES OF MEGAWORLD CONDOTELS

✅ You Earn Passive Income

You generate passive income whether or not your unit is rented. Condotels are professionally managed, so you don’t have to deal with daily operations. The hotel management handles guest rentals, allowing you to earn rental income without the responsibilities of being a landlord. Investors receive a share of the revenue, making it a hassle-free investment.

✅ Enhanced Prime Location

Megaworld is the only condotel developer in the country building condotels within a destination township, which boosts hotel occupancy rates.

✅ Hassle-Free Management

Unlike traditional real estate investments, the management team handles everything from bookings, to maintenance, and housekeeping. This frees you from the stress of property management while ensuring your unit stays in top condition. No need to pay separate condo dues, property tax, or insurance, as these are included in the operational expenses.

✅ Free 30 days Stays

Megaworld condotels provide flexibility. Owners can stay in their unit during certain periods of the year while renting it out the rest of the time. This allows investors to enjoy vacation-like stays in a luxury hotel environment while generating income when not in use, perfect for OFWs!

✅ Appreciation and Capital Growth

Condotels can appreciate over time. As the tourism and real estate markets grow, so does the value of the property. In addition to rental income, you may benefit from capital gains if you decide to sell the unit in the future.

✅ Recognized Leader in Condotel Developments

Megaworld is the largest homegrown hotel operator in the country by room keys, showcasing its superior advantages over other condotel developers nationwide.

WHY INVEST IN THIS PROPERTY

✅ Megaworld Brand: A leader in the hotel industry with a proven track record.

✅ High Occupancy Rates: Savoy Hotel's prime location ensures high occupancy, providing steady rental income for investors. Savoy Manila showed a higher occupancy rate than the industry standard even during the Pandemic!

✅ Government Projects: Nearby Metro Manila Subway and expressways improve accessibility, boosting growth and investment value in the area.

✅ Privatization of NAIA: Privatization of the airport under San Miguel is expected to increase passenger traffic from 35m to 65M passengers annually!

WHO SHOULD INVEST

✅ Real Estate Investors: Those looking to diversify their real estate portfolio with a hotel property in a prime location that offers both rental income and property value appreciation should consider Savoy Hotel.

✅ OFWs (Overseas Filipino Workers): Overseas Filipinos who want to invest in a property back home can benefit from owning a hotel unit that generates passive income, even while they are abroad.

✅ Frequent Travelers and Expats: the benefit of staying at the hotel for up to 30 days a year, saving on accommodation costs while earning income during the rest of the year.

PROPERTY DETAILS

✅ Condotel

✅ 21.30 SQM

✅ 4th Floor

✅ Clean Title 

✅ Net Price to Seller

✅ Buyer will shoulder 6% CGT, 12% VAT and registration expenses

✅ Selling below Zonal Value!

Disclaimer: Availability and prices are subject to change without prior notice. Please coordinate with our company representative for the most up-to-date information.