UPTOWN Condotel, the newest condotel in Cagayan de Oro, is now nearing completion and is expected to revolutionize the industry due to its unique investment scheme that is intended to lure more investors into the city.
The 3-storey 48-units residential building located at the sprawling Business Park of Xavier Estates in Upper Balulang is being developed by Plumbline Development Corporation, a real estate firm newly-established by a consortium of Hawaian-Filipino businessmen.
Mr. Erwin L. Pepino, Plumbline’s corporate secretary and vice-president for public relations, said they are expecting the construction and furnishing to be finished by December.
“By January next year, we’ll start turning over the units to buyers,” Pepino said.
The concept of a condotel follows that of a condominium and hotel lifestyles. It combines the luxury of a full service hotel with a concept of ownership of commercial condominium units.
But apart from its clean, green and peaceful location, what makes Uptown Condotel unique from the rest is the integration of an investment scheme where an investor or buyer of a unit can enjoy the comforts of modern living and, at the same time, earn additional income.
