CLI’s impressive topline growth during the first 6 months of the year translated into a 24% increase in Parent Net Income, rising from restated figures of PHP 1.37 billion to PHP 1.7 billion.

“Cebu Landmasters is poised to sustain this growth trajectory over the next few years with more projects opening in the coming months and as we further expand to new market areas,” said CLI Chairman and CEO Jose Soberano III. 

CLI’s hotel revenue also surged with the addition of two new operating hotels in the first half of the year. Alongside the fully operational 180-room Citadines Cebu City, CLI opened lyf Cebu City (159 rooms) and The Pad Co-Living (156 rooms). Hotel revenue streams are anticipated to grow further with the opening of the 200-room Citadines Bacolod City, the biggest in Bacolod, and is now receiving Meetings, Incentives, Conference and Exhibitions (MICE) bookings.

The company’s leasing business also has a robust growth of 42%, driven by higher gross leasable area (GLA), now at 40,575 sqm. This growth followed the turnover of new retail areas such as the new wing of Base Line Center, 38 Park Avenue Retail, and Banilad High Street.

To further drive future financial growth, four new projects valued at PHP 8.3 billion were also successfully launched by CLI in H1. These are Tower 6 of The East Village in Davao, Tower 5 of Casa Mira Towers Palawan, Casa Mira Homes Butuan, and Velmiro Heights Davao.

“There has been steady demand for our residential projects as shown by the fast market absorption of our newly launched developments. Demand continues to outweigh supply in the VisMin regions, with our projects selling out within days after market introduction, such as Velmiro Heights Davao, which fully sold out in practically less than two days after market introduction. This is a clear indicator that we are offering a compelling product priced competitively, for the right market,” Soberano highlighted.

The successful new launches, coupled with sustained demand for CLI projects, resulted in PHP 11.6 billion in reservation sales for the first half of the year, reflecting a 10% increase year-on-year. Notably, 48% of these sales originated from Davao projects, with 66% attributed to the company’s Garden Series targeting the mid-market. CLI achieved a commendable 94% sell-out rate across all projects at different development stages: 97% for completed projects, 94% for ongoing projects, and 81% for newly launched projects.

On April 12, CLI raised P4.28 billion through an oversubscribed preferred shares offering. To date, CLI has invested PHP 6.76 billion in capital expenditures, with 67% allocated to project development and 19% to land acquisition. The company is currently finalizing negotiations for land acquisitions to support its strategic expansions into established and new markets.

Embarking on 2024 as a promising year for The Ascott Ltd., Ascott Philippines unveils an F&B-focused, and lifestyle approach in the hospitality landscape for their customers.

Travelers and guests alike will experience comfort, tranquility, and being home away from home – as this year celebrates the 40th anniversary of Ascott, brandishing ‘Ascott Unlimited’ with new properties alongside freedom and flexibility to their services and overall portfolio. 

Greater heights, no limits with Ascott Ltd. 

Steering a bit away from the picturesque cities, an Ascott Ltd. executive emphasized that their upcoming brands will be unfolded with resorts having beachfront views.

“For us, Ascott Unlimited delivers unlimited opportunity for everyone with our impressive global footprint and an exciting prospect for investors and partners who want to join the Ascott family,” said Lowen Ramos, Director for Brand & Marketing of Ascott Ltd. in the Philippines. 

Ramos also mentioned the upcoming brands such as a property in Siargao; Citadines in Bacolod City, Somerset Valero in Makati City, and Somerset Gorordo in Cebu City. 

During the ‘Mingle With Ascott’ media briefing, it was also highlighted how the sugar capital in the Philippines like Bacolod City will pave the way for a gastronomic adventure that would certainly complement their brand, offering a unique set of menu and diverse delicacies to satisfy the palate of the locals and tourists within the region. 

“Also, being unlimited means having unlimited choices with our large foliow brands from all over the world,” he added. 

Meanwhile, Patrick Vaysse speaking to THEPPHILBIZNEWS expressed his excitement working in the Philippines with his all-Filipino team said, “It is nice to work in the Philippines, and as someone who worked in Indonesia and South America, I believe there will be very minimal adjustment I have to make in terms of culture, language and working with everyone in your country. It is going to be an exciting for Ascott Global and Ascott Philippines.”

“The 40th year milestone of Ascott Global will be celebrated with expansion, diversifying product and service portfolio here in the Philippines and across the globe. For the Philippines, this means more properties will be opened and we will also introduce and expand our presence through food and beverage,” Vaysse added.

As Ascott Philippines’ portfolio expands, it is also showcasing a more ‘customer-centric’ approach as they cater to ‘all generations’ on each property to their brands— providing an exceptional experience to their stay-in guests beyond their legacy of having service apartments.

Indeed, Ascott-branded properties serve as a pioneer of creating positive change and impact in the hospitality scene. With their commitment to sustainability and care for the community, Ascott unleashes a proactive and dynamic way of responding to the guests’ needs, providing luxurious and unforgettable moments with your loved ones. 

Because of this, people tend to find a sanity break, a breather and even a “me time”, just to recharge, have some self-pampering, or just find a time for peace and quiet reflection sans the workload and ready to back in the grind and join the rat race.

While going out of town is an option, however, this idea sounds like an oxymoron because weekend traffic is also awful going to the nearby provinces. Mindful of the importance of a balanced life, the travel and hospitality industry continues to evolve, and Citadines emerges as a haven for those seeking a genuine city living experience, blending comfort and convenience seamlessly.

Citadines offers a perfect urban adventure, that will provide you the recharging you need, and you don’t just visit the city, you get to live it and explore infinite possibilities. 

Citadines: Fostering the Love For Cities

More than just a place to stay, Citadines embodies a lifestyle crafted for guests in search of a home away from home. With a global presence, Citadines stands out by creating a space where comfort, convenience, and style come together for the love of cities. 

Citadines adds its unique charm to prominent destinations through various properties in the Philippines, including Citadines Bay City Manila, Citadines Salcedo Makati, Citadines Millennium Ortigas Manila, Citadines Cebu City, Citadines Amigo Iloilo, Citadines Roces Quezon City, and upcoming locations like Citadines Bacolod City (opening on March 2024) and Citadines Paragon Davao (opening on December 2024).

Each location acts as a gateway for exploration, providing convenient entry to corporate offices, entertainment districts, dining venues, and vibrant shopping centers. Whether it’s the dynamic streets of Makati City or the business hub of Quezon City, Citadines creates the perfect backdrop for a fully engaging urban adventure.

Citadines Benavidez Makati: A Modern Oasis

Citadines Benavidez Makati blends modernity and comfort with its 207 meticulously designed units, ranging from the cozy Studio Deluxe to the expansive Two-Bedroom Premier. Guests are welcomed into contemporary interiors featuring fully equipped kitchens, plush bedding, high-speed Wi-Fi, and state-of-the-art flat-screen TVs. The property’s unique charm extends beyond its physical spaces as a dedicated team of “Citazens,” local experts ready to unveil the city’s hidden gems, are available to help guests through their stay. 

Culinary delights await at Catalogue, the property’s all-day dining restaurant, offering a tantalizing fusion of local and international cuisines. With a thoughtfully curated menu spanning various regions and cultures, Catalogue elevates the dining experience, contributing to the overall sense of comfort and sophistication at Citadines Benavidez Makati. The rooftop swimming pool and fitness corner with panoramic city views further enhance the urban oasis, catering to both business and leisure travelers.

Citadines Roces Quezon City: A Haven in the Former Capital

In the pulsating corners of Metro Manila’s largest city and former capital, Citadines Roces Quezon City takes center stage with 185 thoughtfully appointed apartments – from spacious studios to comfortable two-bedroom units. Each space is curated with modern amenities, ensuring a comfortable and enjoyable stay for every urban explorer.

The interiors of each apartment incorporate clean lines, contemporary furnishings, and a harmonious color palette to create an ambiance that is both inviting and stylish. The design inspiration draws from the pulsating rhythm of urban life, with nods to the rich cultural heritage of Quezon City. Subtle touches echo the vibrant art scene and historical landmarks, creating a seamless blend of modernity and tradition within the living spaces.

Citadines Roces Quezon City takes pride in its array of facilities designed to elevate the overall experience. The fitness center, equipped with state-of-the-art equipment, invites guests to maintain their health and well-being even amidst a busy city schedule. The swimming pool, residents’ lounge, and rooftop bar with panoramic city skyline views become extensions of the living space, providing opportunities for relaxation and socialization. Whether it’s a refreshing dip in the pool, casual conversations in the residents’ lounge, or sipping a drink while enjoying the cityscape from the rooftop bar, each amenity adds a layer of richness to the urban living experience.

Loven Ramos, Director of Brand and Marketing of The Ascott Limited Philippines, expressed the brand’s vision: “Our goal is to curate spaces that inspire a genuine connection with the heartbeat of cities, creating an environment where guests not only reside but truly thrive in the love for the dynamic energy, cultural richness, and endless possibilities each city holds. With Citadines, we aim to cultivate a deep appreciation that transforms stays into love stories with the cities we call home.”

Both Citadines Benavidez Makati and Citadines Roces Quezon City embody the brand’s commitment to fostering love for cities, inviting guests on business or leisure trips to not just visit the city but live in it – whether it’s for a night, a week, a month, or a lifetime.

Revered poet, John Donne composed the poem “No man is an island” to depict the importance of community, of being with others, and the tragedy of being alone. To be part of a community contributes to our wellbeing, and encourages us to collaborate with others in creating an environment that espouses a sense of belongingness, security and purpose.

This is what lyf aims to achieve when they bring to Cebu City a co-living and community-centric service that exudes with vibrance, energy and positivity as they officially opened on January 16, not just to welcome the New Year but also to seize the opportunities in the auspicious Year of the Dragon.

Philip Barnes, Country General Manager, graced the grand opening and also joined by Rey Vergel Mulat, lyf Champion (Residence Manager) of lyf Cebu City; Mathias Bergundthal, Director of Hotels and Assets of Cebu Landmaster’s; Jose Franco Soberano, SEVP and COO of Cebu Landmaster’s; Jose Soberano III, ⁠Cebu Landmaster’s Chairman and CEO; Mike Rama, Mayor of Cebu City; Judy Gabato, Chief Tourism Operations Officer of DOT – Central Visayas; and Atty. Jocelyn Pesquerra, Cebu City Councilor. These notable individuals took the spotlight during the digital ribbon-cutting ceremony, setting the tone for an unforgettable travel experience.

lyf Cebu City is one of the properties developed by Cebu Landmasters INC., Visayas-based firm, alongside Citadines Cebu City, Citadines Bacolod City, and Citadines Paragon Davao.

lyf Cebu City also serves as the perfect launchpad for guests to effortlessly explore the bustling city. Situated just steps away from the property are lively bars, pubs, and social hotspots, offering a dynamic and exciting nightlife experience.

With lyf strategically located amidst the city’s pulse, guests can easily navigate to renowned social spots, ensuring that every corner of Cebu becomes an accessible playground for exploration, enjoyment, and fun to beat the humdrum of the daily work grind. And if you’re in business with pleasure, the place fits to a T for a perfect nightlife whether you’d like to sip a glass of wine or have a scalding hot cup of coffee.

If you just want to relax and enjoy your “me-time”, lyf also provides a haven for you where everything you need is there.

There’s a lot to explore and enjoy in the area such as a trendy bar, a cultural event, or a social gathering, the convenience of lyf’s central location ensures that guests are never far from the heartbeat of Cebu’s vibrant lifestyle.

Vibe with the crew today at lyf Cebu City today with their introduction rates starting at PHP3,000 for their “One Of A Kind” or “Side By Side” (good for two) rooms, their All Together 2BR for P5,500 (good for 4), or the 4BR for PHP10,000 (good for 6). Book your stay through their website at https://www.discoverasr.com/en/lyf/philippines/lyf-cebu-city.