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Income-Producing Citadines Ortigas 18th Floor for Sale | AGV-RE-000251

Citadines Millennium Ortigas Manila, Ortigas Central Business District, Metro Manila, Philippines.

Overview

An exceptional whole-floor hospitality investment for sale at Citadines Millennium Ortigas Manila. Acquire the entire 18th floor comprising 15 fully furnished serviced residences (829 sqm), five parking slots and included FF&E. The existing income-producing asset is part of an established operation managed by The Ascott Limited. VAT-inclusive selling price: PHP 169,741,600.

Full Description

ENTIRE 18TH-FLOOR HOSPITALITY ASSET FOR SALE Citadines Millennium Ortigas Manila Ortigas Central Business District, Metro Manila EXCLUSIVE HOSPITALITY INVESTMENT OPPORTUNITY Acquire the entire 18th floor of Citadines Millennium Ortigas Manila, comprising 15 fully furnished serviced residences within an established hospitality property professionally managed by The Ascott Limited. This distinctive acquisition offers approximately 829 sqm of serviced-residence accommodation, complemented by five parking slots with an aggregate allocation of 62.5 sqm, representing approximately 891.5 sqm of total asset area including parking. TURNKEY, INCOME-PRODUCING INVESTMENT Unlike purchasing bare condominium units requiring furnishing, marketing and operational setup, this acquisition offers an existing hospitality asset with furniture, fixtures and equipment already in place. The portfolio comprises eight studio residences, four one-bedroom residences, two two-bedroom residences and one three-bedroom residence. The entire floor participates in an established serviced-residence operation, with professional hospitality management and a reported history of income-producing activity. PRIME ORTIGAS LOCATION Situated within Ortigas Central Business District, the property benefits from proximity to major corporate offices, international institutions, business establishments, medical facilities, retail destinations and transportation connections. The location provides access to a broad potential market for corporate, executive and extended-stay accommodation. HOSPITALITY FACILITIES The Citadines property features shared amenities including a swimming pool, fitness centre, dining facilities, co-working and lounge areas, landscaped outdoor spaces and professional hospitality services. SELLING PRICE AND INVESTMENT TERMS Total Selling Price: PHP 169,741,600, inclusive of 12% VAT. Net Consideration: PHP 151,555,000 12% VAT: PHP 18,186,600 The price covers the entire 18th-floor hospitality portfolio, five parking slots and included FF&E. Customary transfer costs are additional, and final transaction terms remain subject to agreement. CONFIDENTIAL INVESTMENT INQUIRIES Qualified investors may request historical operating information, supporting property documents and the detailed investment memorandum under appropriate confidentiality arrangements. Applicable ownership, management and operational agreements require review as part of the acquisition process. For further information and private investment discussions, please contact: RAYMUND JAZMINES Licensed Real Estate Broker AGOSVIA Platform Mobile / WhatsApp / Telegram / Viber: 09053439806 Email: inquiry@agosvia.com AGOSVIA — Property • Land • Commercial • Investment Opportunities
View Key Highlights
- Entire 18th-floor hospitality asset at Citadines Millennium Ortigas Manila - 15 fully furnished serviced residences - Approximately 829 sqm of hospitality accommodation - Five parking slots included - Approximately 891.5 sqm total asset area including parking - Furniture, fixtures and equipment included - Existing income-producing hospitality operation - Professionally managed under The Ascott Limited's Citadines platform - Prime Ortigas CBD investment location - VAT-inclusive selling price of PHP 169,741,600
View Analysis & Additional Details
PROPERTY SPECIFICATIONS Property: Citadines Millennium Ortigas Manila Classification: Serviced-Residence Hospitality Investment Location: Ortigas Central Business District, Metro Manila Transaction: For Sale Offering: Entire 18th Floor Hospitality Accommodation Area: Approximately 829 sqm Serviced Residences: 15 Parking Slots: 5 Parking Allocation Area: 62.5 sqm Total Asset Area Including Parking: Approximately 891.5 sqm Furnishing: Fully Furnished Furniture, Fixtures and Equipment: Included Operator: The Ascott Limited / Citadines Reported Status: Operational and Income-Producing RESIDENCE COMPOSITION Studio Residences: 8 One-Bedroom Residences: 4 Two-Bedroom Residences: 2 Three-Bedroom Residence: 1 Total: 15 Fully Furnished Residences The property is offered as one entire-floor hospitality investment package. The residences are not being presented as fifteen independently marketed listings. AREA BREAKDOWN Hospitality Accommodation: 829.0 sqm Parking Allocation: 5 slots x approximately 12.5 sqm Total Parking Allocation: 62.5 sqm TOTAL ASSET AREA: 891.5 sqm The total area includes parking allocation and is not entirely serviced-residence floor space. SELLING PRICE COMPUTATION Effective Net Acquisition Rate: PHP 170,000/sqm Hospitality Accommodation: 829.0 sqm x PHP 170,000 PHP 140,930,000 Parking Allocation: 62.5 sqm x PHP 170,000 PHP 10,625,000 TOTAL NET CONSIDERATION: PHP 151,555,000 12% VAT: PHP 18,186,600 TOTAL VAT-INCLUSIVE SELLING PRICE: PHP 169,741,600 The computation includes the hospitality accommodation, five parking slots and associated FF&E. Customary transfer costs are additional. Final commercial terms remain subject to agreement. HOSPITALITY OPERATIONS The property participates in an established serviced-residence operation managed under The Ascott Limited's Citadines hospitality platform. The investment memorandum reports an existing operating history and income-producing participation. Historical operating statements are available for qualified investors through confidential review. Future distributions depend on actual occupancy, achieved rates, operating costs and applicable contractual arrangements. No fixed yield, guaranteed distribution or projected investment return is represented. FURNISHINGS AND EQUIPMENT The fifteen serviced residences are presented as fully furnished, with furniture, fixtures and equipment included in the acquisition. Actual FF&E inventory, condition and transfer arrangements remain subject to the final transaction documents. BUILDING FACILITIES AND AMENITIES The wider Citadines property provides reported shared hospitality facilities, including: - Swimming pool and recreation deck - Fitness centre - Dining facilities - Co-working and lounge areas - Landscaped outdoor spaces - Professional reception and hospitality services These are property-level facilities and are not represented as exclusive 18th-floor ownership assets. LOCATION AND ACCOMMODATION MARKET The property is located within Ortigas Central Business District, near the Asian Development Bank, major corporate headquarters, professional services firms, medical facilities, retail destinations and transportation infrastructure. Potential guest segments include corporate executives, consultants, relocation assignments, long-stay business travellers and other institutional occupants. INVESTMENT CHARACTERISTICS The acquisition offers: - Entire-floor hospitality ownership position - Fifteen existing furnished residences - Five parking slots - FF&E included in the consideration - Existing professional hospitality management - Reported income-producing operating history - Ortigas CBD location The offering is positioned as an acquisition of an existing operational hospitality asset rather than a bare residential development or fit-out project. OWNERSHIP AND MANAGEMENT ARRANGEMENTS Final acquisition review should establish individual residence titles, parking rights, FF&E ownership and inventory, operator and management agreements, association arrangements, and applicable transfer requirements. The inclusion of an existing hospitality operating platform does not itself guarantee automatic transfer or indefinite continuation of all existing management arrangements. CONFIDENTIAL SUPPORTING INFORMATION The owner-approved 2026 Confidential Investment Memorandum and historical operating statements are available for release to qualified investors under appropriate confidentiality arrangements. Detailed operating information remains confidential and is not reproduced in the public listing.

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