Condotel Investment at Portovita Towers, Quezon City

Condotel Investment at PORTOVITA, located within the new Araneta Center, Cubao, Quezon City, across Alimall and Shoemart, and just meters away from Rustans Supermarket and the new Gateway Mall.  Very Accessible to public transportation, Business Districts, Schools and Hospitals. 

PORTOVITA (North Tower),is a  Condominium Hotel (”Condotel”) offering Studio (18 sqm-20sqm), One Bedroom (25.75sqm-29sqm) and  Two Bedroom (38sqm-41.25sqm) Suites for sale. Downpayment payable for 48 months at 0% interest and Balance payable thru In-house or Bank Financing up to 15 years to pay! All condotel units are fully furnished!

● The Condotel Advantage at PORTOVITA

 Ownership of a condotel unit is an income generating property and self-liquidating investment.

Aside from real estate appreciation, Condotel unit owners receive a steady annual income based on the size of their unit regardless of whether said unit was leased or not. This is because the hotel management will pool together total income of the entire hotel and distribute this to unit owners net of any expense based upon unit floor area. This makes the investment cost efficient and practically risk free.

A condotel is a luxury leisure development concept where one may own a condominium unit and enjoy it for fifteen (15) days a year and earn income from the same unit where it is operated as a hotel.  This means that one can enjoy a vacation destination condominium without the usual concerns of maintenance & upkeep.

At  PORTOVITA, an initial of seven (7) years contract (Leaseback Agreement) is issued by the unit owner which allow the hotel operator to run the pool of his/her unit as a hotel.  The units are maintained at hotel standards until the end of the leaseback period.

Net operating profit will be distributed to the unit owners and hotel operator 75% and 25% respectively and shall be divided pro-rata among the unit owners depending on the floor area of their unit.  Share of rental earning are given out 60 days after the end of each calendar year.  Unit owners will have a copy of an Audited Financial Statement as soon as they are submitted to the Securities and Exchange Commission as required by law.

* The best selling point of Condotels as investment property is the rate at which they appreciate. Especially when purchasing at the pre-construction stage of the project.

Features & Amenities:

• Wading pool with Gazebo
• Playground
• Lobby & Concierge area
• Fab retail shops
• Concession Spa
• Gym/Fitness Center
• Basketball/Badminton Court
• Function Rooms
• Business Center 
• 8 High speed elevators

In Portovita, affordable, luxurios living is a promise – live out a new beginning of serenity and vitality in the new heart of the city.

For more information, computation, site vieving schedule and reservation, please contact:

Mobile number    +63 929 246 4385

Phone number           818-627-8209 (for US and Canada residents)

Email                           ann_7182@yahoo.com