The Suites at Gorordo – Inspired by New York’s iconic Flatiron Building, The Suites at Gorordo is set to become one of Cebu’s prized landmarks. This project will be managed by The Ascott Limited, one of the leading international serviced residence owner-operators, with the serviced suites operated under its multi-awarded hospitality brand, Somerset Serviced Residence.
Cebu has one of the country’s strongest local economies with an excellent location ideal for businesses including The Suites at Gorordo. The project will rise at Gorordo Avenue corner Archbishop Reyes Avenue — an area accessible from all points via major thoroughfares. It is near Cebu Business Park where business, residential, shopping, sports and recreational facilities are integrated.
The Suites at Gorordo has amenities that reflect the service, style and soul of hotel living. There are amenities shared by both residential and serviced suites, and amenities exclusive to each to foster a sense of privacy.
This low-density development offers 312 luxury units with separate entrance for residential (122 units) and serviced suites (190 units). Owners of residential suites have the freedom to furnish space to their own liking and be near their place of work in Cebu Business Park. For owners of serviced suites, their unit will be added to the pool of leasable units which will be managed by the serviced residence operator.
The Serviced Residence Advantage:
- Hybrid between hotels and apartments
- Higher operating profit
- Less intensive staffing requirements
- Lower marketing & maintenance costs
- Primarily driven by business into tourism
Did you know your Somerset unit can return yields of 6.7% to 9.8% on your investment? Sounds good? Contact me.