The Securities and Exchange Commission (SEC) has approved Global One Hotel Group Inc.’s rental pool program under its streamlined SEC RENT guidelines, which ease registration for real estate investment contracts.
The approval covers 6,340 certificates of participation across 12 condominium hotel projects. Of these units, 4,277 are already sold, while 2,063 remain available. There is no joining fee or fixed offer price for investors.
Six projects in Parañaque, Pasay, and Cebu are already operating; the other six in Iloilo, Negros Occidental, Palawan, Pampanga, and Pasig are still under construction.
Under the program, units are leased to Global One Hotel for management and use as hotel rooms. The agreement runs for 15 years from the first guest arrival, with an automatic 15-year renewal unless stated otherwise. Investors receive a share of rental profits.
