|Last Updated Date||26 Jun 2020|
We, Jones Lang LaSalle (“JLL”), are pleased to present this investment opportunity to acquire and operate a 219-key hotel property located within one of Metro Manila’s most popular entertainment and dining hubs, right in the heart of Quezon City. National Capital Region’s largest city both in terms of geographical space and population, Quezon City is home to to government buildings, the Philippines’ leading schools and universities, television networks and studios, large-scale malls, a multi-purpose arena, a national park, and an I.T hub among others, making it to be one of the most progressive districts in the Metro.
JLL has been appointed by Roxaco – Vanguard Hotel Corporation as a marketing agent and transaction advisor to manage the disposition of its Go Hotels branch located at 63 Timog Avenue, South Triangle, Quezon City, Metro Manila, Philippines (the “Property”).
1) LOCATED AT THE HEART OF QUEZON CITY
The Property is located at the heart of Quezon City, NCR’s largest city, both in terms of geographical space (64 square miles or 165.33 kilometre-squared and population (approximately 3 million), thereby presenting many opportunities for investment. This gives Quezon City a population density of approximately 17,759 residents per square kilometre.
Quezon City is home to government buildings, the Philippines’ leading schools and universities, TV networks and studios, large-scale malls that command a lot of foot traffic, a multi-purpose arena, a national park, an I.T hub, making it to be one of the most progressive districts in the Metro.
Furthermore, Quezon City’s 3-million strong population is composed mainly of millennials and minors, thereby providing the district a young, energetic, and dynamic workforce, key to the district’s progressive and economic boom.
These advantages are what’s driving Quezon City into becoming the next property and financial hub that will soon offer considerable value to investors, tenants, among others.
Aside from its close proximity to major commercial establishments, business hubs, schools, universities, and hospitals, its proximity to major transportation hubs such as MRT-3 GMA Kamuning Station (900m), MRT-3 Quezon Avenue Station (1.2km) and MRT-2 Betty Go-Belmonte Station (2.6km) make it an excellent budget hotel choice for travellers.
Further to existing infrastructures, the Property is expected to benefit from upcoming developments such as the new access roads underway including the NLEX Harbor Link Segment 8.2, a 7.85-km, four-lane expressway that will link C-5 Road and Commonwealth Avenue to the North Luzon Expressway (NLEX); the Metro Manila Skyway Stage 3 which will connect the South Luzon Expressway (SLEX) to NLEX from Buendia, Makati City to Balintawak, Quezon City; the MRT-7 which is expected to be completed in 2020 and will have stations in Novaliches, Mindanao Avenue, and Quirino Highway; the Metro Manila Subway which will have seven out of its 15 stations located in Quezon City beginning at Mindanao Avenue-Quirino Highway and ending at the Ninoy Aquino International Airport in Pasay City; and to connect all these, the Unified Grand Central Station will link LRT-1, MRT-3, and MRT-7 by 2022, serving 1.2 million people a day; which will be built at the intersection of EDSA and North Avenue.
The creation of several large transportation projects the will pass through Northern Quezon City will further ease movement around Metro Manila.
3) ATTRACTIVE RETURNS