PROPERTY developer Century Property Group Inc. said it has inked a deal with US-based Interval International for an exclusive, long-term club affiliation agreement for the developer’s Acqua development in Mandaluyong.
The deal, signed by Century’s unit Century Acqua Lifestyle Corp., assigns all of its 152 fractional units in the four-star Novotel Suites Manila, the sixth tower in the 2.4-hectare Acqua Private Residences complex.
The fractional ownership program allows the purchase of preferred shares, which are entitled to customized luxury vacation and business stays in 152 units owned by Century Acqua in Novotel Suites Manila.
The option to enjoy multiple vacation destinations worldwide and hassle-free property management is the country’s first of this type of ownership.
“We’ve had resounding success with the first five Acqua Private Residences towers,” said Marco Antonio, Century COO officer.
“Adding a fractional ownership option in Novotel Suites Manila and having Interval provide worldwide vacation exchange is a strategic part of our efforts to support the Philippines’s tourism and hospitality sector,” he said.
Owners of the shares will also enjoy access to an all-day dining restaurant and bar, the infinity pool, the executive club lounge, the outdoor lounge and gym, as well as shops and restaurants along the community’s Riverwalk Promenade.
The 41-story tower is the sixth in a complex of buildings in Mandaluyong in the former Noah’s Ark sugar-milling refinery right in front of Rockwell Center.
About a third of the building’s total units, or about 149 units, will be allotted for residences and 310 will be for the hotel suites. Some 152 units are the fractional shares and the remaining 158 units will by retained by the company.
Novotel Suites Manila is the first hotel developed by Century Properties in partnership with Accor Hotels, and is the third branded development within the Acqua Private Residences community.
Novotel Suites Manila’s preferred shares’ usage entitlements will be ready for exchange when construction is completed in 2019, the company said.
Purchasers at Century Acqua will be enrolled as individual members of Interval International and will also become Interval Gold members, entitling them to a number of exchange opportunities and upgraded benefits and services, it said.
These include the ability to use points toward a cruise, tour, golf, or spa vacation; Hertz Gold Plus Rewards membership; discounts on vacation rentals; and special offers at hotels, restaurants, and retail outlets worldwide, among others.