Plumbline Development Corporation: Uptown Condotel
Cagayan de Oro City has a very prosperous real estate industry. Coupled with the city’s excellent performance as a tourism and business hotspot, Plumbline Development Corporation was founded by William Caliedo, Jr., a Hawaii-based businessman who runs a successful shipping and vessel repair business in Pearl Harbor.
His partners are Misamis Oriental First District Representative Peter Unabia; businessman and Rubics IELTS Review Center owner Erwin Pepino; hotel proprietor from Hawaii, Ronnie Pahayahay; and Bridge businesses (language center, tours and business consultancy) owner Harris Lalwani.
Plumbline Development Corporation is Cagayan de Oro City’s first condotel developer. It specializes on real estate development and functions as an organized corporation.
This luxury, residential condominium-hotel is the maiden project of Plumbline Development in Cagayan de Oro City. It is also the very first condotel in the city.
Uptown Condotel boasts of world-class facilities and amenities that are perfect for local and foreign businessmen and families who are accustomed to 5-star hotel accommodations. This 3-storey building has 48 condotel units, 48 parking spaces, and a bevy of international standard facilities and amenities including 24-hour services for medical clinic and security, a business center with free WiFi, a coffee shop, restaurants, and spa & sauna.
Individual units also get their own share of facilities, including basic furniture, a fully functional kitchen, second-floor bedroom, living room, toilet and bath (with a bathtub), and a terrace.
Opening Opportunities for Investment
For Owner Non-Residents, Plumbline Development offers them the option of enrolling their unit to the Hotel Management Program. For the first five years of ownership, a team of real estate professionals and experts will look after the unit and market it to prospective tenants. With a 90-10 owner-company percentage share, owners can earn as much as 15.876% net ROI (return of investment) per year.
The office of Plumbline Development is located in 1-A Stonestown Building, Father Masterson Avenue, Upper Balulang. Further ahead in the Xavier Estates Business Park is the Uptown Condotel.