Inquirer
Cebu Landmasters gets SEC ok for rental pool deals
The Securities and Exchange Commission (SEC) has approved the rental pool programs of two companies owned by Cebu Landmasters Inc. (CLI), allowing the listed property developer to sell units as investment contracts.
CLI Premier Hotel International Inc. received approval for 180 certificates of participation, covering units in its Citadines Cebu City project.
YHES Premier Hotel Inc. received approval for 263 certificates, pertaining to units at the Citadines Paragon Davao project, scheduled to begin operations in the second half of 2026.
Both approvals are subject to the submission of final requirements.
Unit owners who have fully paid for their units are automatically eligible to participate in the rental program.
Participants in the rental pool program will receive 40 percent of the net room revenue quarterly, along with 10 complimentary nights annually, subject to availability.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
