The Rise of Condominiums and Hotel Investments in Iloilo City

Condominiums and hotel constructions… you see them everywhere, especially in a city that is booming such as Iloilo.

When a city is progressing and local business is bustling, the demand for residential developments and hotel accommodations is expected increase.

Translation: “It’s nice to reside in Iloilo nowadays!”

All of a sudden, Ilonggos overseas want to get back home in Iloilo or at least own a type residence in their home city.

Retirable Ilonggos outside the Philippines now aspire to come home and live in their luxury condo units here in Iloilo City.

Actively working immigrants abroad want properties for temporary residential use when they go home to Iloilo for vacation.
And some just want an Iloilo property because of its real estate potential.

Real Estate giant, like Megaworld, has been building luxury condominiums in Iloilo City since 2013 and it attracted plenty of investors not only because it is by far the best residential condominium development in the city but also because of it is very encouraging appreciation rate.

Click to the article on Iloilo Condominiums’s value appreciation rate

Megaworld Corporation Founder Andrew Tan and his son, Kevin

It’s like a no-lose situation fro investors with end-user needs. You do not only own physical asset that increases in value over time, you also own a residential place you can proudly use.

Iloilo City Tourism at an all-time high

Ilonggos want to come home to Iloilo, we get that. But now people — even those without an Ilonggo connection — just want to visit Iloilo.

Iloilo City has now become a destination city.

The figures show that in 2017, Iloilo had 23.21% more tourist arrivals compared to the previous year. And we can speculate that 2018 had even more tourist arrivals — perhaps the largest ever.

No Longer About Dinagyang

The Dinagyang Festival is definitely a big reason for this. But now, it is more than that.

City tourism is no longer only about Dinagyang but it is now because of Iloilo City — its sights, food, culture, progress, and opportunities.

Arguably it is the best city in the Philippines right now.

Dinagyang attracts tourists, yes, but Iloilo City in itself is now an attraction.

Because of the surge of tourists and visitors in Iloilo, the demand for hotels increase.

Megaworld has launched Belmont Hotel Iloilo to operate in late 2022. It will serve as a condohotel which investors can purchase a condo property but will be leased to function as a suite of a 4-star hotel. Unit owners (investors) will have a share of the profits of the hotel.

CLICK HERE TO WATCH VIDEO OF BELMONT HOTEL ILOILO INVESTMENT

Investing in either condominiums or Belmont Hotel shares will bring in huge potential returns.

Iloilo real estate is booming right now and this is not the right time to be gunshy. Invest in Iloilo City tourism and properties like you mean it! NOW IS THE PERFECT TIME TO DO IT!

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Belmont Hotel Iloilo Promo Terms for January 2019

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FINAL CALL for CHRISTMAS PROMO

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SOON IN ILOILO CITY – Belmont Hotel in Iloilo Business Park

Megaworld to bring Belmont Hotel in Iloilo Business Park

Fourth hotel under Megaworld’s homegrown Belmont brand to add 405 hotel rooms in Iloilo City

 

INVEST BY OWNING A SHARE OF BELMONT HOTEL! GET DETAILS HERE!

Property giant Megaworld is building its fourth Belmont Hotel inside its 72-hectare Iloilo Business Park township in Mandurriao, Iloilo City.

Belmont Hotel Iloilo will have 405 suites, composed of a mix of Twin Suites, Queen Suites, Junior Suites, Executive Suites and Specially-Abled Suites for Persons with Disabilities (PWDs).

The 12-storey hotel, which is the third in the entire township, will be located along the stretch of the 1.1-kilometer long Festive Walk Parade, just a walking distance to the iconic Iloilo Convention Center and the Festive Walk Mall.

It will have its own swimming pool with in-pool lounge, landscaped deck with pool bar and outdoor lounge, fitness center with sauna, function room, and an all-day dining restaurant.

“We have seen the huge potential of Iloilo as a tourism destination. With the Iloilo Convention Center as a main facility for Meetings, Incentives, Conventions and Exhibitions (MICE), there is no doubt that Iloilo City needs another world-class hotel. And we are bringing another Megaworld homegrown hotel brand, which has gained popularity among business travelers since Belmont Hotel Manila opened in 2015,” says Jennifer Palmares-Fong, vice president for sales and marketing, Megaworld Iloilo.

Belmont Hotel Manila, Megaworld’s first Belmont Hotel that opened in Newport City, was awarded this year’s Best Airport Hotel in the 2018 Travel and Hospitality Awards. The second Belmont Hotel is set to open in Boracay Newcoast next year, while the third one will be at The Mactan Newtown, the company’s 30-hectare township in Lapu-Lapu City, Cebu.

In Iloilo Business Park, Megaworld opened its third Richmonde Hotel in 2014 and its sister company Travelers International Hotels Group, Inc., owner and operator of Resorts World Manila, opened the Courtyard by Marriott early this year.

According to the Iloilo City Tourism Office, tourist arrivals in the city have remarkably increased during the past five years. In 2017, around 1.08 million local and foreign tourists visited Iloilo City. Most foreign visitors came from South Korea, US, Canada, Mexico and Australia.

Tourism receipts, on the other hand, reached P19.8-billion in 2017 as registration for tourism-related establishments such as hotels rose by 55% to 1,605 last year compared to those posted in 2013.

“Megaworld’s Iloilo Business Park itself is a tourist destination. Visitors come to the township to visit the Iloilo Museum of Contemporary Art (ILOMOCA), shop and dine in Festive Walk Mall, chill in Festive Walk Parade, attend events in the Iloilo Convention Center, or stay in our world-class hotels. We expect more tourists to come to our township as more establishments and attractions open in the coming months,” explains Palmares-Fong.

Belmont Hotel Iloilo is scheduled to open in 2023.

PROOF that Buying a Condo in Iloilo is a Good Investment

Don’t think of the price. Think of the VALUE instead.
“What is it that makes the condo units in this township so valuable?”

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Iloilo Business Park – This Is What You Get!

Welcome to Iloilo Business Park!

We will show you the exciting things to offer in this 72-hectare township property by Megaworld Corporation.

First up, (Iloilo Business Park) McDonalds. This is the biggest McDonalds branch in the island of Panay. It can accommodate more than a hundred customers.

Festive Walk Mall, the most anticipated lifestyle mall to open in Iloilo. Complete with 7 world-class cinemas, high-end retails stores and bistros, indoor garden, dog park and chapel.

Richmonde Hotel Iloilo, this 12-storey world class hotel has stunning interior design with the best to offer Filipino favorite — their special ensaymada.

Iloilo Convention Center, inspired from the paraw sails of the Ilonggos. This 3,500-seater convention arena is the perfect place to hold local and international events.

 

Courtyard by Marriott Hotel, the first ever international brand hotel is now open to give world-class hotel service to Ilonggos with 326 special rooms for their guests.

Boutique Hotel and Commercial District, the rising business and commercial hub in Iloilo is complete with 60 prime lots and 10 blocks ready to be occupied by upscale offices and towers.

BPO and IT Park, the major BPO tower like One Techno Place, Two Techno Place and Three Techno Place together with One Global Center and Two Global Center, have given opportunities to 33,000 employees with the state-of-the-art facilities and IT brands.

Festive Walk Parade, the longest shop & dine strip in Iloilo is aesthetically perfect for food lovers and Instagram bloggers. This 1.1-kilometer chain of bistros and shops is your go-to place with the newly opened museum of contemporary arts — the first ever modern art gallery in the city.

Festive Walk Mall Annex, more commercial establishments will soon open in this area with a walk-through bridge connecting from the mall.

One Madison Place, this 3-tower residential cluster with 10 floors started its turnover this year with complete amenities such as pool deck, playground and functions rooms.

Lafayette Park Square, the 16-storey condominium tower is perfect for sophisticated residents who love European design and architecture.

The Palladium, the tallest residential tower in Western Visayas is finally here with 22 storeys and having 4 sky gardens, another first in Iloilo.

Saint Honore, the Paris-inspired condominium is now here to captivate the Ilonggos with its 10-storey residences, perfect for the lovers.

Saint Dominique, another Parisian residential tower that will bring the city of Paris in the heart of Iloilo City. Complete with 10 storeys and upscale amenities.

Live in the most exciting township… Iloilo Business Park.

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