Forget all your worries and set your eyes in Cebu this summer! With the opening of Imperial Palace hotel, the newest condominium-hotel on Mactan Island, Cebu, experience a leisurely life with amenities of a 5-star hotel while owning a vacation home that earns for you.
This summer, Philippine BXT Corporation will open their latest addition to their world class hotel chain. The Imperial Palace Waterpark Resort & Spa in Maribago, Mactan Island consists of 556 deluxe and suite rooms with 24 pool villas that are fully-equipped with private pools and jacuzzis. In addition to the 180-meter wide beach line, the resort hotel boasts of several themed pools in the very first water park in Cebu.
Imperial Palace hotel guests get to enjoy amenities like the full-service spa and wellness center with massage rooms, sauna and plunge pool. International cuisine, drinks and snacks will be served on several specialty restaurants and bars within the resort. Promenade decks and the private beach provide the relaxing mood in the 7.5 hectare seaside property.
For business and private functions, the Dubhe and Selena convention and banquet halls has the capacity of 800-1,000 people with modern facilities, convenient transportation system and a huge parking lot. Imperial Palace can accommodate small to medium size gatherings with five halls that are perfect for birthday parties, baby christening, engagement parties and family celebrations. The resort is very accessible with just 20 minutes from Mactan International Airport and 30 minutes away from business and leisure center of Cebu City.
First Tourism Ecozone
On January 30, the Philippine BXT Corporation, the Imperial Palace developer, was officially proclaimed as Cebu’s first Tourism Economic Zone by virtue of Proclamation No. 1681 signed by President Gloria Macapagal-Arroyo and PEZA certificate no. EZ 08-47. The commemorative marker was unveiled at the resort together with DOT Secretary Ace Durano, Congresswoman Nerissa Soon-Ruiz, Director General Lilia de Lima of the Philippine Economic Zone Authority (PEZA), DOT Undersecretary Eduardo Jarque Jr., department key officials, Imperial Palace management and Phil. BXT team. “The Imperial Palace is one of the international hotels and resorts in the country that tends to improve the Philippine standing in terms of tourism investments and hospitality,” shares DOT Secretary Ace Durano.
Relax and Invest
Accredited under the Dept. of Tourism’s “Live Your Dreams” campaign that encourages foreign visitors to own a second home, the Imperial Palace Hotel in Cebu puts on the market a viable investment package that includes real estate appreciation and a steady income. Under the rental program, condotel unit owners will receive a portion of the total income of the entire hotel minus the expenses. Thus, investors stand to earn even if their respective units are under lease or not.
As a registered owner of a 5-star unit, buyers are entitled to shares from the Golf Course and Country club and enjoy privileges as club members. For 60 days at any time of the year, unit owners can stay in the unit and use the waterpark facilities, fitness club and kids’ land. Discounts of 20-40% are also available on restaurants, spa and wellness salons.
Annually, every unit owner is guaranteed of an 8% return on their investments up to three years. On the fourth year, buyers will have a pro-rata share of the total room revenue less fees, costs and incentive shares. There is also a buy back guarantee at its original contract price after three years from the date of final payment. The reservation fee is P100,000 and is considered as partial payment.
“As a world tourist destination, we saw Cebu’s potential with our investments. The warm weather, hospitality and accommodation made us very happy with our stay,” reveals Park Jong Hwan, the president of Phil. BXT Corp. Imperial Palace Hotel group will be in management of the resort waterpark and spa. This management group has portfolio hotels located in Seoul, South Korea, Fukuoka, Japan and now in Cebu.
Time magazine awarded the Imperial Palace South Korea as Asia’s Best hotel in 2006.
First posted on May 26, 2010.
No comments:
Post a Comment