“That’s how confident we are with this Citadines,” Soberano told the press at the sidelines of the groundbreaking ceremony of the first two of four towers at the Base Line Center.

Citadines Cebu City is the first regional expansion of Ascott in the Philippines, after having managed seven properties in Metro Manila. Some of its properties in the country include Ascott Makati, Somerset Alabang Manila, and Citadines Millenium Oritigas Manila. Worlwide, it operates more than 250 properties in over 90 cities spanning across more than 25 countries under the brands Ascott, Citadines, and Somerset.

Citadines Cebu City will use condotel units located from the ninth to 21st floor of Tower 1 at the Base Line Center. The third to the eighth floors of the 21-storey building, however, are allocated for some 70 office spaces.

Meanwhile, Tower 2 will be a 27-storey residential condominium of 378 units.

The first two towers are slated for completion by the last quarter of 2018, with Citadines set to open in time for Sinulog 2019.

“Because of the tourism boom, it is important that there are foreign companies brought into the picture,” said Soberano.

The CEO also said that his company will also develop a mix-used project on AS Fortuna St. in Mandaue City with a condotel, BPO offices, and commercial spaces.
CLI is also anticipating to develop another condotel project in Mactan but Soberano did not disclose timeline for these projects.

“It’s going to be a busy year for us,” Soberano said.