Condotel helps spur local tourism in Iloilo

Iloilo's coast is endued with lovely beaches and off-shore islands swarming with scenic seascapes and marine life, creating it one of the highest destinations for native and foreign tourists.

Following a rise in tourist arrivals in 2014, Iloilo city mayor Jed Patrick Mabilog expressed optimism that the touristry industry in this city can shortly become additional formidable within the coming years.

Mayor Mabilog cited a report from the Department of touristry (DOT) Western Visayas, that expressed that the city registered 676,287 visitant arrivals for 2014. Iloilo is on its manner towards achieving the DOT's goal of attracting four.6 million tourists to the region in 2016, especially when the National touristry Development set up has known it as a culture-based conferences, Incentives, Conventions and Exhibition (MICE) destination.

Sta. Lucia Land, Inc., one among the country's leading real estate developers with over forty years of expertise, is one among those that believe that such vision is attainable; that's why it's set to travel to Iloilo and place up quality developments within the area.

One of these developments is Sotogrande Iloilo, the first condotel development which is able to shortly rise within inexperienced Meadows, a prime residential lake community in Iloilo.

Sotogrande Iloilo is anticipated to become a primary residential and leisure landmark within the province that provides unique amenities like the lake victoria, a five-hectare unreal lake that's ideal for boating.

There is additionally the Paradise Island set within the middle of the lake, that offers a venue for recreation with its picnic groves and cabanas set amid lush inexperienced surroundings.

With continuous developments rising within the central a part of Iloilo, the recent launch of Sta. Lucia's Sotogrande Iloilo, a six-storey, condotel development with a complete of 149 units, is seen to produce the required impetus for the city's continued growth as a touristry hub.

Ideal investment

Those who want to require advantage of the upcoming touristry boom within the province can for sure notice Sotogrande a perfect realty venture because it offers a chance for Filipinos to become a district of the invasive condotel business.

Sotogrande Iloilo doesn't solely provide a celebration of the traveller hub's charm - shopping for any of its units also means that getting a bit of the nice life as homeowners stand to earn passive financial gain through quarterly dividends.

The Sta. Lucia building Management cluster, that is responsible of leasing, promoting and maintenance, can lease back and operate the unit for fifteen years, creating the investment hassle-free whereas generating income.

Unit homeowners may relish complimentary thirty sleeping room nights at Sotogrande building each year with the choice to use 3 sleeping room nights at alternative Sta. Lucia hotels nationwide.

Spacious units

Once completed, the condotel shall provide studio-type, one-bedroom and two-bedroom units that square measure spacious and comes with building perks like a full-service caretaker and work team able to serve and attend to guests' wants.

Guests and guests also will be the chance to relish the facilities of inexperienced Meadows gild, as well as the lined basketball, lawn tennis and court game courts, bowling center, pool, fitness athletic facility, and sauna.

Higher occupancy rates are often expected at Sotogrande Iloilo owing to its proximity to the new aerodrome, that is simply thirteen kilometers away or fifteen minute drive via the National road.

Combined with de luxe accommodation, competitive rating and sensible location, it's expected to draw additional property investors to Iloilo as condotels typically provide higher returns than a pure residential condominium.