#davao city hotels

[kapampangan-traveller]

BIG 8 CORPORATE HOTEL: Recommended Business Hotel in Digos City

[polylayax]

Hello. I'm layas and we're going to have a Vacation on Davao City! And now I currently stay on a hotel. Btw that's my Mom Eleanor Aceberos takes so long to return..

[albanne]

Day 1

July 9, 2024 at Grand Menseng Hotel, Magallanes Street, Davao City

[bradney23]

Travelogue

Davao City, located on the southern island of Mindanao in the Philippines, is a vibrant and bustling city that offers a unique blend of culture, history, and natural beauty. Here's a possible travelogue of a trip to Davao City: Day 1: Arrival in Davao City after a long flight, I finally arrived in Davao City, the largest city on the southern island of Mindanao in the Philippines. The city is known for its vibrant culture, delicious food, and natural beauty, and I was excited to explore all that it had to offer. I checked into my hotel, the Marco Polo Davao, which was centrally located and offered stunning views of the city. After settling in, I decided to take a stroll around the city to get a feel for the place. I was immediately struck by the warmth and friendliness of the locals. Everyone I met was eager to help and offer suggestions for things to see and do. I made my way to the Rizal Park, a beautiful public space in the heart of the city, where I enjoyed the lush gardens and the peaceful atmosphere. Day 2: Exploring Davao City I started my day with a visit to the San Pedro Cathedral, a beautiful Catholic church in the heart of the city. The church was built in the 1800s and is a testament to the city's rich history and cultural heritage. Next, I made my way to the Davao Museum, which showcases the city's diverse cultural heritage. The museum features exhibits on the city's indigenous tribes, as well as its history as a Spanish colony and its role in the Philippine Revolution. In the afternoon, I visited the Philippine Eagle Center, a sanctuary for the country's national bird, the Philippine Eagle. The center is home to over 30 eagles, as well as other birds and animals native to the Philippines Day 3: Samal Island I took a day trip to Samal Island, a beautiful tropical paradise located just a short boat ride from Davao City. The island is known for its white sand beaches, crystal-clear waters, and lush forests. I spent the day exploring the island's many beaches, snorkeling in the clear waters, and enjoying the delicious seafood. I also visited the Monfort Bat Sanctuary, which is home to over 2 million bats. Day 4: Departure All too soon, it was time to say goodbye to Davao City. I packed my bags and headed to the airport, feeling grateful for the amazing experiences I had had and the memories I had made. As I boarded my flight, I couldn't help but feel a sense of sadness at leaving this beautiful city behind. But I knew that I would always carry the spirit of Davao City with me, and that I would return again someday. 

[dennismakilingborlas]

Day 1 of 3

2024 Barangay Newly - Elected Officials (BNEO) Towards Grassroots Renewal and Empowerment for Accountable and Transparent (GREAT) Barangays Training

The RITZ HOTEL at Garden Oases

Davao City

[miongplus]

Cebu Landmasters 2023 net income up 29%, offers preferred shares, and announces first ever international partnership 

CLI announces another year of strong financial performance, with 29% increase in Consolidated Net Income.

CLI starts public offer for its preferred shares.

CLI signs a joint venture agreement with global Japan-based real estate firm NTT UD Asia Pte. Ltd. (NTTUDA), to form CLI NUD Ventures, Inc. and to develop a PHP 6.4B two-tower, Japanese-inspired residential development in the heart of Cebu IT Park.

Leading developer in Visayas and Mindanao Cebu Landmasters Inc. (CLI) posted a 29% increase in consolidated net income year-on-year, to PHP 4.64 billion. CLI also recorded significant growth in net income to its shareholders, up by 13% to PHP 3.58 billion from last year’s PHP 3.17 billion. The growth is attributed to a solid 20% increase in consolidated revenue, reaching PHP 18.8 billion across all revenue streams mainly from real estate sales revenues, and also includes hotel operations, and leasing.

This is on the back of strong demand for the listed company’s residential properties and its diverse and dynamic business portfolio. 

Revenue from real estate sales maintained an upward trajectory, rising 20% to PHP 18.5 billion, driven by consistent collections and steady construction progress. Record-breaking reservations of PHP 20.6 billion was also achieved, marking a 14% increase from 2022’s PHP 18 billion. This adds to our pipeline of future revenues. 

The listed company launched 10 new projects in 2023, with a collective value of PHP 18.7 billion and offering 4,249 units. These projects achieved an impressive 63% sell-out rate with less than a year in the market. Completed projects are already 97% sold-out, resulting in the blended total portfolio sell-out rate of 93%.

CLI's recurring income projects, particularly hotel operations and leasing, also saw impressive growth rates. The company’s hotel operations grew 66% to PHP 139 million and leasing went up by 42% to PHP 112 million.

Cebu Landmasters recently opened 3 hotels including lyf Cebu City with 159 rooms, bringing its total number of operational rooms to 338, including 180 rooms of Citadines Cebu City. Both lyf and Citadines are in CLI’s mixed use property Base Line Center (photo above). The listed company now boasts nearly 800 room keys, with 7 more hotel projects underway poised to drive future hotel revenue growth.

CLI has expanded its hospitality portfolio from a single hotel Citadines Cebu City to now 3 including the recently opened lyf Cebu City in Base Line Center, and The Pad Co-Living in Banilad High Street in Cebu. With an initial offering of 180 rooms, CLI now boasts nearly 800 room keys, with 7 more hotel projects underway poised to drive future hotel revenue growth.

Additionally, the Gross Leasable Area (GLA) grew to 35,772 sqm from 28,411 sqm driven by newly completed projects like Banilad High Street, Base Line Center Phase 2, and Retail Pods in Davao Global Township.

Capital expenditures totalled PHP 12.9 billion during the year, with 82% allocated to project development and 6% directed towards land acquisition and the remaining 12% for investment property. 

With the company’s consistent double-digit growth and exceptional performance, the CLI Board of Directors approved on March 18 the declaration of a regular dividend of PHP 0.15 centavos per share, along with a special dividend of PHP 0.03 centavos per share. These dividends will be distributed to shareholders on record as of April 17, with payments scheduled on May 3, 2024. The board’s decision reflects CLI’s commitment in growing shareholder value since the IPO.

Cebu Landmasters recently opened 3 hotels including The Pad Co-Living in Banilad High Street (photo above) with 258 rooms, bringing its total number of operational rooms to 338, including 180 rooms of Citadines Cebu City. CLI now boasts nearly 800 room keys, with 7 more hotel projects underway poised to drive future hotel revenue growth.

CLI Starts Public Offer Period for Preferred Shares

CLI had a significant milestone with the start of public offering of its preferred shares totaling PHP 3 billion, with an additional PHP 2 billion oversubscription. The offer period is from March 19 to April 2. Investors of the preferred shares can look forward to attractive dividend yields, with 4-year Series A-1 at 7.585% and the 7-year Series A-2 at 8.25%. The said shares are scheduled to be listed on PSE’s main board on April 12, 2024.

The proceeds from the offering will provide CLI with a substantial capital infusion, facilitating strategic initiatives, and expansion projects, and bolstering its balance sheet for future growth. 

CLI signs joint venture agreement with Japan real estate firm NTT UD Asia 

CLI also announced its first international partnership, forming a joint venture with Japan-based global real estate firm NTT UD Asia Pte. Ltd. (NTTUDA), a subsidiary of NTT Urban Development Corporation (NTTUD), to establish CLI NUD Ventures, Inc. 

The initial project is a PHP6.4 billion, two-tower, Japanese-inspired residential complex in Cebu IT Park, with Tower 1 set to launch by Q4 2024. This collaboration with CLI marks NTTUD's first venture in the Philippines, expanding its global portfolio with mixed-use, office, and residential projects.

CLI Chairman and CEO Jose Soberano III said, “We are bullish that the strategic capital raise through preferred share issuance and our first-ever international partnership would fortify our growth and expansion. This also strengthens our commitment to delivering exceptional value to our stakeholders as we keep enlarging our business."

CLI’s 2024 growth initiatives

CLI has new development in the pipeline worth PHP27 billion, including expansion projects in various regions such as Butuan. For 2024, the company has earmarked PHP 14.5 billion for capital expenditure, with a portion dedicated to land acquisition, particularly for its inaugural Luzon project.

The company’s strong financial performance, diversified revenue streams, strategic expansion initiatives, and a robust pipeline of upcoming projects position the company for continued growth and success in the coming years.

“Our consistent growth fuels our vision to strengthen the company’s current offerings and expand beyond VisMin. This is also a testament to the resilience, hardwork and dedication of our team," says Soberano.

[dan6085]

20 Largest Shopping Mall in the World based on Leasable Area:

1. New South China Mall in Dongguan, China, is the largest mall globally based on gross leasable area, boasting 6.46 million sq ft[3][3]. Despite initially facing high vacancy rates, extensive renovations have increased its occupancy to 91% by 2020.

2. Starfield COEX Mall in Seoul, South Korea, spans approximately 154,000 square meters, with 144,000 square meters dedicated to a single underground floor, making it the world's largest underground shopping mall[3][3].

3. Golden Resources Mall in Beijing, China, was once the world's biggest shopping mall until 2005, with a vast 6.0 million sq ft of space across six floors[3][3].

4. SM Megamall in Mandaluyong, Metro Manila, Philippines, is currently undergoing major renovation and expansion to become the largest shopping mall in the country, with a floor area of 474,000 square meters[2][5].

5. West Edmonton Mall in Edmonton, Alberta, Canada, is the largest mall in the Americas, featuring over 800 stores, two hotels, and numerous attractions like an indoor amusement park and waterpark[3][3].

6. Iran Mall in Tehran, Iran, is one of the largest malls globally, covering 4.5 million sq ft and offering a mix of retail, entertainment, and cultural spaces.

7. SM City North EDSA in Quezon City, Philippines, is a prominent mall in Southeast Asia, with a leasable area of over 498,000 square meters and a wide range of shops and entertainment options.

8. CentralWorld in Bangkok, Thailand, is a popular shopping destination with around 550,000 square meters of leasable space, housing a diverse array of retail outlets, restaurants, and entertainment facilities.

9. 1 Utama Shopping Centre in Petaling Jaya, Malaysia, is one of the largest malls in Southeast Asia, offering approximately 465,000 square meters of retail space and attracting a significant number of visitors annually.

10. SM Seaside City Cebu in Cebu City, Philippines, is a sprawling mall complex with over 470,000 square meters of leasable area, featuring a mix of local and international brands along with various entertainment options.

11. SM Mall of Asia in Pasay City, Philippines, is one of the largest malls in the world by leasable area at around 406,962 square meters and is known for its seaside location and diverse retail offerings.

12. SM Aura Premier in Taguig City, Philippines, is a luxury shopping destination with approximately 234,892 square meters of leasable space and a focus on high-end brands and upscale dining experiences.

13. SM City Cebu in Cebu City, Philippines, offers around 273,804 square meters of leasable space and serves as a major retail hub in the Visayas region with a wide range of shopping and dining options.

14. SM Southmall in Las Piñas City, Philippines, provides approximately 205,120 square meters of leasable area and caters to the shopping needs of residents in the southern part of Metro Manila with its diverse tenant mix.

15. SM City Dasmariñas in Cavite, Philippines, features around 144,000 square meters of leasable space and serves as a key retail destination in the CALABARZON region with its mix of local and international brands.

16. SM City Fairview in Quezon City, Philippines, offers approximately 182,500 square meters of leasable area and provides a wide selection of retail options for shoppers in the northern part of Metro Manila.

17. SM Lanang Premier in Davao City, Philippines, boasts around 144,002 square meters of leasable space and stands as a premier shopping destination in Mindanao with its upscale stores and dining establishments.

18. SM City Clark in Angeles City, Philippines, features approximately 170,000 square meters of leasable area and caters to shoppers in Pampanga and nearby provinces with its diverse retail and entertainment offerings.

19. SM City Marikina in Marikina City, Philippines offers around 116,000 square meters of leasable space and serves as a convenient shopping destination for residents in Marikina and neighboring areas.

20. SM Center Angono in Angono, Rizal offers approximately 80 stores across an area spanning around 80 hectares providing various shopping options for residents within the vicinity.

[fie-ng]

Lakbay Sanaysay

PUERTO PRINCESA

PALAWAN

Ito Yung Lugar na gusto kong puntahan balang araw, Ang Lugar Ng Puerto princesa sa palawan. Kilala ito bilang "GREEN CITY IN THE PHILIPPINES" na makikita sa Isla ng PALAWAN. Ito ay natagpuan noon 1872 at nai-deklarang lungsod noong Hunyo 21 1961. Mayroon itong populasyon na 22,673 ka tao kaya ang lungsod na ito ang idineklara na may pinaka onting populasyon sa buong pilipinas. Kahit kaunti lang ang tao dito, ito parin ang pangalawa sa pinaka malaking lungsod na kasunod sa Davao. Mayroon itong laking 2381.02 square kilometers.

Yan naman Si Lucilo R. Bayron isang mayor ng Puerto princesa at Maria Nancy A. Socrates bilang isang vice Mayor. Sa Puerto Princesa ang kanilang kultura ay malalim at mayaman. Ito ay nagtataglay ng mga elemento mula sa mga katutubong tribu na naninirahan sa lalawigan tulad ng mga Batak, Tagbanua, at Palaw'an. Ang mga ito ay ng kanilang mga tradisyon, wika, sining, musika, sayaw, at paniniwala. Bukod sa mga katutubong tribu, ang Puerto Princesa ay may iba't ibang impluwensiya mula sa iba't ibang lugar sa Pilipinas at pati na Ito ay naging tahanan para sa mga migrante mula sa iba't ibang bahagi ng Pilipinas, na nagdala ng kanilang sariling kultura at tradisyon.

Ilan sa mga tradisyon ng Puerto Princesa ay ang Kagueban (Feast of the Forest).Tuwing buwan ng Hunyo, ito ay isang pagdiriwang na naglalayong ipakita ang kahalagahan ng pagsugpo sa illegal logging at pangangalaga sa kalikasan. Mayroon din silang tradisyunal na sayaw tulad ng Kuratsa, Subli, at Kudang. Isang sikat na tradisyon din ang Palawan's Kasadyaan Festival, kung saan ipinapakita ang kagandahan at yaman ng kultura ng Puerto Princesa.

Isa din sa pagdidiriwang sa Puerto princesa ang "Kaamulan Festival". Ito ang pinakamalaking pagdiriwang sa Puerto Princesa, na ginaganap tuwing ikatlong linggo ng Pebrero. Ito ay isang buong lungsod na nagpapakita ng kanilang kultura at tradisyon. Sa Puerto princesa hindi rin maiiwasan nito ang tropical na klima. Ito ay maalinsangan at mainit sa panahon ng tag-araw, at may mga pag-ulan at mga bagyo sa mga buwan ng tag-ulan. Ang mga gastusin naman sa Puerto Princesa ay maaaring magkakaiba depende sa plano ng bawat Isa katulad ng:

Accommodation

ang mga presyo ng mga hotel o mga accommodation sa Puerto Princesa ay maaaring magkakaiba depende sa uri ng accomodation na gusto ninyo.

Pagkain

Ang mga restawran sa Puerto Princesa ay nag-aalok ng iba't ibang uri ng pagkain mula sa lokal hanggang sa internasyonal. Ang gastusin sa pagkain ay maaaring magkakaiba depende sa inyong gusto at budget.

Transportasyon: Ang Puerto Princesa ay mayroong mga tricycle at jeepney bilang pangunahing paraan ng transportasyon sa loob ng syudad. Ang gastusin sa transportasyon ay maaaring magkakaiba depende sa mga lugar na pupuntahan ninyo at sain ninyo.

Tours at Activities

Ang mga tour packages at activities sa Puerto Princesa ay nag-aalok ng mga aktibidad tulad ng city tour, underground river tour, island hopping, at mga adventure activities. Meron ding lokal na crafts, keychains, t-shirts, at iba pa. Ang gastusin sa mga souvenir at pasalubong ay maaaring magkakaiba depende sa mga bibilhin ninyo at sa inyong budget. Kaya gusto Kong pumunta sa Puerto princesa para maranasan ko Rin Ang buhay nila Doon at mga tanawin na magaganda.

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[touristspotsfinder]

Big 8 Hotel Digos - My First Hotel Experience

It was August 28, 2023 which marks the day where I am no longer a single man because I just married the most beautiful woman in the world. The wedding event itself is really amazing through the grace of God because it is really wonderful and everything flows beautifully. Before this day, my sister and her boyfriend already gifted us a Deluxe Room at Big 8 Hotel here in Digos City, Davao del Sur,…

[nananqt]

Ang paglalakbay ay isa sa pinakamagandang gawin lalo na kung kasama natin ang ating pamilya at kaibigan. Sa aking paglalakbay kasama ang aking mga pamilya ay isa sa masayang nangyayari sa akin noong nakaraang taong 2022. Hindi man gaanong kalayo ang aming pinuntahan ay ang pag- eenjoy sa dagat sa samal island best beach resort davao Ang pagpunta namin dito ay isa sa masayang araw ko kasama ang aking mga pamilya at Kaibigan. Itong araw na ito ay ine-enjoy naming mga mga magkakaibigan pagkatapos namin sa ikalabing- isang baitang noong nakaraang taon Hulyo 18,2022. Matagal na namin itong pinag-isipan at paulit-ulit na nagyayahan na maglakbay kami at susulitin ang pagbabakasyon at pag-eenjoy na kompleto kami.

Pagkalipas ng sunod na buwan October 28 2022 heto natuloy ang aming paglakbay Sabay- sabay kaming nag-impaki,bumili ng mga pagkaing pang baon tulad ng nga junk foods,pizza, halo-halo at marami pang iba.Bumili din kami ng tag-isang maiinom tulad ng coke at wine Peru itoy pang Ladies drink lamang Di namn ito nakakalasing kasi maliit lamang ang porsyento ngachel Masaya namn kaming lahat,isnunoot namin yong ballet na inorder namin sa shoppee na naka uniform kaming lahat. Sabay kaming kumain,syempre di mawalawala yong pagsasayaw, pagte-TikTok at pag selfie Sabay-sabay kaming tumakbo patungo sa alon. Pagkalipas ng ikalawang araw.nagyayahan kami na gumala sa pinakamaganda na hotel Waterfront Insular | Hotel & Resort & Casino | Davao City sa Madalas akong pumunta Dito noon. At heto gusto kong maglakbay kasama ang mga pamilya at Kaibigan Masaya kaming naglakbay Dito at nagsalo-salo sa binaon naming pagkain.

Nang lumipas ang bagong taon 2023, pinag-iisipan namin na maglakbay ulit kami s Davao city.Sabay naming ipinagdiriwang ang bagong taon, nakikita ang mga kakaibang mga parol sa Davao lalo't na sinalubong namin ang Opening lights. Masayang Masaya ang araw naming magkakaibigan nito. At kahit mahirap ang buhay nagawa parin naming maglakbay na magkasama at ine-enjoy namin ang bawat isa at ang paging (teen-ager)kasi naniniwala ako sa kasabihan na(laag ta,samtang bata pa)hangga't bata pa tayo!enjoy muna.

[gandaever]

Happening on October 27-29, 2023: 11th Biennial National Conference of the National True Vine Community Mission Inc. at Grand Men Seng Hotel, Davao City! Theme: Señor Santo Niño: Our source of Charity, Unity and Strong Faith for the service of His people #TheMoreYouHonorMeTheMoreIWillLoveYou #SantoNinoDevotees (at General Santos City) https://www.instagram.com/p/CphP_rPpm_V/?igshid=NGJjMDIxMWI=

[curious-glitch]

Davao Trip Reflection

Day 1:

Subway sandwich at Changi

Arrival, greeted by Labx2 and A

Surreal to be in a different city. Met up with M and P

Met with A’s friend, ate durian and mangosteen at the market

Went to cafe, then A friend’s house

Dinner at Marina Tuna, great!

Halo-halo at a street market, then another small dinner

Day 2:

Barely had any sleep, left Davao at 4:30

Went to Buda sea of clouds

Missed sunrise but still awesome

Chocolate, lots of photos, sunshine

Next stop, kids from Matigsalog tribe, more awesome photos

Farm with flowers and arroz-caldo

Pilgrim - mind-blowing Michelin-level breakfast

Fruit shopping, chocolate shopping

Back to hotel to chill

Dinner at Marinatuna again

Day 3:

Chinatown, visit old place

Eden Park Resort

So much fun and chill

Picture-taking, human drone, riding around the park, impressed with the vision of the founders

Buffet

Fishing - nature as the best comedian

Checked out rides

Ate what we fished

Durian shopping again

Shopping at apo ni lola, jokes and life stories

Dinner with amazing crispy pata, dragon balls

A super fun heart-is-full day

Day 4:

Bat cave

RoRo for the first time

Chill at Samal island beach resort

Back to hotel, waiting at Davao airport

Stopover at Cebu, lechon, blown away by Mactan airport

Overall impressions:

- Not much sleep

- Awesome bonding with family, company matters above all, so much laughter, fun to do these kinds of short trips

- Communing with nature, from sea of clouds, to farms, to fruits

- Visiting P’s birthplace

- Kindness of Filipinos, convenience

- Province life is so different from Manila life

[wendellcapili]

With my former student, UP Fighting Maroon (1991-1996) Ian R. Sanchez from Butuan City. Not many people know that Butuan has given UP, not just a new university president (newly installed UP President Jijil Jimenez). The city has also given UP some of its prized athletes—Ian, Jun Manzo, and JD Cagulangan, to name a few. In addition, Ian belonged to my Communication 1 and 2 (Asian Institute of Tourism, 1991-1992) freshie block that included UP Fighting Maroons Poch Juinio & Marvin Panganiban, UP Football Team alumnus & Hospitality Entrepreneurs & Professionals coach Pat Favoreal, seasoned hoteliers Lynette Quinto-Ermac (Megaworld Hotels-Richmonde, Savoy, Belmont), Em Mauhay Rosales (Park Inn by Radisson, Marco Polo), & Carol Valdez (Seda Centrio, Seda Abreeza Davao) and Chef Jac Juarez Laudico. #universityofthephilippines #unibersidadngpilipinas #upmbt #upfightingmaroons (at University of the Philippines) https://www.instagram.com/p/Co-sXxXhPcI/?igshid=NGJjMDIxMWI=

[arun-pratap-singh]

G Lanterns nip Tigers; Royce rips Bulacan – Tempo – The Nation's Fastest Growing Newspaper

Both Pampanga teams — the G Lanterns and Royce Hotel — went home with morale-boosting wins at the end of the Manila Bankers Life-Pilipinas Super League Pro Division Second Conference Dumper Cup on tour Friday night at the RMC Gymnasium in Davao City. Guard Kurt Reyson waxed hot with 24 points as the G Lanterns essayed an 87-84 escape over defending champion and host Davao…

[miongplus]

Cebu Landmasters reports 28% first 9 month growth

Solidifies market leadership in VisMin

● CLI reported a 28% increase in consolidated net income, reaching P3 billion by end-September. ● Double-digit revenue growth across all business segments led to an 18% rise in gross revenue to P12.93 billion ● Colliers International's most recent study reaffirms CLI's market leadership in VisMin with the highest market share at 23% in net take-up.

Leading developer in VisMin Cebu Landmasters Inc. (CLI) continued to deliver robust growth in its consolidated net income for the first nine months of the year, posting a 28% rise to hit P3 billion in end-September from the P2.4 billion recorded in the same period last year.

CLI’s net income attributable to the parent company also posted a solid 9% increase to reach P2.4 billion from P2.2 billion in the previous year.

Cebu Landmasters unveiled the fourth tower of Casa Mira Towers Palawan early this year with the first three towers already fully sold out less than a year after launch. Casa Mira, CLI’s flagship economic brand, accounted for 52% of total sales in the first nine months of the year, underscoring continued strong demand for housing in the economic market.

Impressive double-digit revenue growth was recorded across all of CLI’s business segments, pushing the listed firm’s gross income to rise by 18% to P12.93 billion from P10.96 billion.

"We are very pleased with our performance this year, achieving double-digit profit expansions in the last three quarters despite the headwinds of inflation and higher interest rates in the country. This underscores CLI's commitment to providing value to shareholders and affirms the sustainability of our growth trajectory,” CLI chairman and CEO Jose Soberano III said.

Across segments, CLI’s real estate unit continued to be the primary driver of the company's revenue. The sector posted a remarkable 17% increase, propelled by ongoing construction progress and higher units that qualify revenue recognition.

CLI's sales also surged 25% to reach P17 billion in the first nine months of the year. Casa Mira, CLI’s flagship economic brand, accounted for 52% of total sales, underscoring continued strong demand for housing in the economic market. The listed company successfully launched 3,664 units valued at P14.87 billion as of end-September, contributing to an exceptional 93% sell-out status for all projects in various stages of development.

CLI’s hotel portfolio revenue surged 78% during the period, fueled by both higher room rates and increased occupancy. This is expected to grow further with the grand opening of Citadines Bacolod City in the next months.

The listed company’s other verticals also experienced notable growth. CLI’s hotel portfolio revenue surged 78% during the period, fueled by both higher room rates and increased occupancy. Its leasing business saw a 43% increase in revenue, driven by a 71% rise in occupancy rates. This was attributed to upcoming handovers in strategic locations like Davao Global Township and 38 Park Avenue, along with other prime commercial spaces nearing completion.  

Throughout the year, the company spent a total of P10.4 billion in capital expenditures, mostly allocated to project development. A notable investment was the acquisition of a 21-hectare land in the city of General Santos, planned to be developed as economic and mid-market communities.

Meanwhile, Colliers International's recent real estate market study affirms CLI's continued market leadership in VisMin. As the foremost developer, the listed company holds the highest market share at 23% in net take-up.

“We are honored to be of service to our primary market, the VisMin region,” Soberano said. “Rest assured, we remain committed to fulfilling our promise of customer-centric development. Our achievements inspire us to continually enhance our services for all stakeholders."

Looking forward, CLI has entered into a partnership with NTTUDA, a major Japanese developer known globally for commercial properties, including office buildings, residences, and mixed-use developments. This is the listed company’s first foreign joint venture partnership and is geared towards the development of premium-grade residential towers in the heart of Cebu City.

“While we are thrilled with what has been a milestone year in which we celebrate our 20th anniversary, we look forward to reaching new heights with more developments and key partnerships on the horizon,” Soberano said.

CLI’s hotel portfolio revenue surged 78% during the period, fueled by both higher room rates and increased occupancy. This is expected to grow further with the opening of lyf Cebu City in the next months.

CLI plans to launch two to three additional projects this year, including Casa Mira Homes Butuan, which is projected to generate P 2 billion in sales. Three new hotels are also scheduled to open in the next few months: The Pad Co-Living in Banilad High Street, lyf Cebu City in Base Line Center and Citadines Bacolod City. Additionally, an expansion project is in the works for the highly successful Calle 104, which achieved remarkable sales in a short span of time.

CLI is also finalizing its first-ever site in Luzon, located in Naga City.

  SUGGESTED PHOTOS

Cebu Landmasters unveiled the fourth tower of Casa Mira Towers Palawan early this year with the first three towers already fully sold out less than a year after launch. Casa Mira, CLI’s flagship economic brand, accounted for 52% of total sales in the first nine months of the year, underscoring continued strong demand for housing in the economic market.

CLI’s hotel portfolio revenue surged 78% during the period, fueled by both higher room rates and increased occupancy. This is expected to grow further with the opening of The Pad Co-Living in Banilad High Street on November 20. Standard rooms available are from single to quadruple sharing. There are also Special Rooms for 3 persons or a family of 4.

CLI’s hotel portfolio revenue surged 78% during the period, fueled by both higher room rates and increased occupancy. This is expected to grow further with the opening of lyf Cebu City in the next months.

CLI’s hotel portfolio revenue surged 78% during the period, fueled by both higher room rates and increased occupancy. This is expected to grow further with the grand opening of Citadines Bacolod City in the next months.

[nakamura76]

taxation

 (tax=maintainance of making money to central bank

1000bill llanes escoda=solicitor general girls scout

jose rizal=1 provincial=government cities

landbank=provinces

metrobank=metromanila=regional

bpi=divisional =lvm qc davao cebu

pnb=national

3rd lotenant knights of columbus=regional=camelot hotel

circle=6rays of the sun  king arthur=armm,car par

4th lotenant=metro manila

5th lotenant =manila

water

electricity

pnr lrt mrt=abad santos

nbi=vicente lim)=REPUBLIC=national

ang salaping ito ay bayarin ng bangko sentral at pananagutan ng repubika ng pilipinas