Hotel 101 in Cebu is poised to become a tourist hub with its strategic location nearby the Mactan-Cebu International Airport. <\/p>\n
The condominium hotel or \u2018condotel\u2019 project, which will be built on a 5,493sqm commercial lot, will be the largest of its kind in the Visayas region. The condotel has 548 hotel rooms as well as well-designed amenities such as a conference center, business center, retail strip, rooftop bar, spa, gym, and swimming pool to cater to both leisure and business tourists.<\/p>\n
Here are the most common questions for OFWs who wish to invest in Hotel 101:<\/p>\n
What is a condominium hotel (condotel)?<\/strong> What separates Hotel 101 from timeshare and condominium rentals?<\/strong> How can I earn from a condotel in Hotel 101?<\/strong> What other privileges do I have as an owner of a unit at Hotel 101?<\/strong> If my spouse is a foreigner, is s\/he allowed to own a Hotel 101 unit?<\/strong> Meet DoubleDragon Properties at the 8th Philippine Property and Investment Exhibition (PPIE) on 5-6 November 2022 at Crowne Plaza Hotel in Sheikh Zayed Dubai. DoubleDragon Properties is a silver sponsor of PPIE, the biggest, longest-running and most trusted Philippine business and investment forum in the Middle East, now on its eighth edition.<\/p>\n The past seven PPIE editions made history in the UAE and the Gulf region by bringing in over 24,500 quality visitors.<\/p>\n","protected":false},"excerpt":{"rendered":" Hotel 101 in Cebu is poised to become a tourist hub with its strategic location nearby the Mactan-Cebu International Airport. The condominium hotel or \u2018condotel\u2019 project, which will be built on a 5,493sqm commercial lot, will be the largest of its kind in the Visayas region. The condotel has 548 hotel rooms as well as […]<\/p>\n","protected":false},"author":1,"featured_media":779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/ppie.ae\/ppie_old\/wp-json\/wp\/v2\/posts\/778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ppie.ae\/ppie_old\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ppie.ae\/ppie_old\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ppie.ae\/ppie_old\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ppie.ae\/ppie_old\/wp-json\/wp\/v2\/comments?post=778"}],"version-history":[{"count":1,"href":"https:\/\/ppie.ae\/ppie_old\/wp-json\/wp\/v2\/posts\/778\/revisions"}],"predecessor-version":[{"id":780,"href":"https:\/\/ppie.ae\/ppie_old\/wp-json\/wp\/v2\/posts\/778\/revisions\/780"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ppie.ae\/ppie_old\/wp-json\/wp\/v2\/media\/779"}],"wp:attachment":[{"href":"https:\/\/ppie.ae\/ppie_old\/wp-json\/wp\/v2\/media?parent=778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ppie.ae\/ppie_old\/wp-json\/wp\/v2\/categories?post=778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ppie.ae\/ppie_old\/wp-json\/wp\/v2\/tags?post=778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n– A condotel is a hotel that is also a condominium. The units of Hotel 101 are individually owned, although they are managed by Hotel of Asia Management Corp.<\/p>\n
\n– All Hotel 101 investors have complete ownership of their apartments and are able to profit from passive income. Simply purchase a unit from Hotel 101, and DoubleDragon Properties will take care of the rest.<\/p>\n
\n– Regardless of whether your unit was used or not, 30% of Gross Room Revenue is divided equally among all unit owners. By the 16th day of the following month, your monthly income share is deposited directly into your bank account.<\/p>\n
\n– All investors get complimentary nights at Hotel 101 sites around the country.<\/p>\n
\n– Yes, foreign citizens are allowed to own up to 40% of Hotel 101 units.<\/p>\n