ADVERTISEMENT
Manila Bulletin devider Business devider The Stock Market devider SEC clears Global One Hotel's rental pool for 12 condo projects

SEC clears Global One Hotel's rental pool for 12 condo projects

Published Jun 16, 2026 01:53 pm
Global One Hotel Group, Inc., the management arm of Megaworld Hotels and Resorts, has secured approval from the Securities and Exchange Commission (SEC) for the rental pool program of its condotels.
The SEC said the rental pool program was processed under the streamlined guidelines on Securing and Expanding Capital in Real Estate Non-Traditional Securities (SEC RENT).
In its meeting last June 11, the Commission En Banc resolved to render effective the company’s registration statement covering 6,340 certificates of participation in pool sharing agreements across its 12 condominium hotel projects, subject to the company’s compliance with remaining requirements.
Of the total units covered by Global One Hotel’s rental pool program, 4,277 have already been sold, while 2,063 units remain unsold. The public may invest in the program without paying a joining fee, and there is no specified offer price to participate.
A total of six projects located in Parañaque City, Pasay City, and Cebu are already operational, while the remaining six hotels in Iloilo, Negros Occidental, Palawan, Pampanga, and Pasig City are in various stages of construction.
Under the program, the condominium units will be leased to Global One Hotel, which will manage the units directly, through a subsidiary or affiliate, or via a third party, making them available to paying guests as hotel rooms.
The rental pool deals are valid for 15 years from the date of admission of each hotel’s first paying guests. The lease agreements will be automatically renewed for another 15 years unless otherwise provided by Global One Hotel.
Implemented through SEC Memorandum Circular No. 12, Series of 2024, SEC RENT simplifies the registration process for real estate firms offering or selling investment contracts through rental pool deals.
Rental pool agreements are investment contracts where a property developer sells or offers units in real estate projects—such as condominiums, hotels, or resorts—to the public.
Under these deals, condotel buyers contribute their units to a rental pool managed and operated by the company or a third-party operator. The buyers are then entitled to receive a share of the profits earned from renting out the units to third parties.
The hotels managed by Global One include Belmont Hotel Manila (Pasay), Belmont Hotel Boracay, Belmont Hotel Iloilo, Savoy Hotel Manila (Pasay), Savoy Hotel Boracay, Savoy Hotel Mactan Newtown, Savoy Hotel Palawan (San Vicente), Kingsford Hotel Manila (Parañaque), Grand Westside Hotel (Parañaque), Twin Lakes Hotel (Tagaytay), Hotel Lucky Chinatown (Manila), and Eastwood Richmonde Hotel (Quezon City). (James A. Loyola)

Related Tags

Securities and Exchange Commission Megaworld Corporation Megaworld Hotels and Resorts Global One Hotel Group Inc.
ADVERTISEMENT
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1561_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ static_articles_1562_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1563_widget.title }}

{{ item.title }}

{{ articles_filter_1564_widget.title }}

{{ item.title }}
.mb-article-details { position: relative; } .mb-article-details .article-body-preview, .mb-article-details .article-body-summary{ font-size: 17px; line-height: 30px; font-family: "Libre Caslon Text", serif; color: #000; } .mb-article-details .article-body-preview iframe , .mb-article-details .article-body-summary iframe{ width: 100%; margin: auto; } .read-more-background { background: linear-gradient(180deg, color(display-p3 1.000 1.000 1.000 / 0) 13.75%, color(display-p3 1.000 1.000 1.000 / 0.8) 30.79%, color(display-p3 1.000 1.000 1.000) 72.5%); position: absolute; height: 200px; width: 100%; bottom: 0; display: flex; justify-content: center; align-items: center; padding: 0; } .read-more-background a{ color: #000; } .read-more-btn { padding: 17px 45px; font-family: Inter; font-weight: 700; font-size: 18px; line-height: 16px; text-align: center; vertical-align: middle; border: 1px solid black; background-color: white; } .hidden { display: none; }
function initializeAllSwipers() { // Get all hidden inputs with cms_article_id document.querySelectorAll('[id^="cms_article_id_"]').forEach(function (input) { const cmsArticleId = input.value; const articleSelector = '#article-' + cmsArticleId + ' .body_images'; const swiperElement = document.querySelector(articleSelector); if (swiperElement && !swiperElement.classList.contains('swiper-initialized')) { new Swiper(articleSelector, { loop: true, pagination: false, navigation: { nextEl: '#article-' + cmsArticleId + ' .swiper-button-next', prevEl: '#article-' + cmsArticleId + ' .swiper-button-prev', }, }); } }); } setTimeout(initializeAllSwipers, 3000); const intersectionObserver = new IntersectionObserver( (entries) => { entries.forEach((entry) => { if (entry.isIntersecting) { const newUrl = entry.target.getAttribute("data-url"); if (newUrl) { history.pushState(null, null, newUrl); let article = entry.target; // Extract metadata const author = article.querySelector('.author-section').textContent.replace('By', '').trim(); const section = article.querySelector('.section-info ').textContent.replace(' ', ' '); const title = article.querySelector('.article-title h1').textContent; // Parse URL for Chartbeat path format const parsedUrl = new URL(newUrl, window.location.origin); const cleanUrl = parsedUrl.host + parsedUrl.pathname; // Update Chartbeat configuration if (typeof window._sf_async_config !== 'undefined') { window._sf_async_config.path = cleanUrl; window._sf_async_config.sections = section; window._sf_async_config.authors = author; } // Track virtual page view with Chartbeat if (typeof pSUPERFLY !== 'undefined' && typeof pSUPERFLY.virtualPage === 'function') { try { pSUPERFLY.virtualPage({ path: cleanUrl, title: title, sections: section, authors: author }); } catch (error) { console.error('ping error', error); } } // Optional: Update document title if (title && title !== document.title) { document.title = title; } } } }); }, { threshold: 0.1 } ); function showArticleBody(button) { const article = button.closest("article"); const summary = article.querySelector(".article-body-summary"); const body = article.querySelector(".article-body-preview"); const readMoreSection = article.querySelector(".read-more-background"); // Hide summary and read-more section summary.style.display = "none"; readMoreSection.style.display = "none"; // Show the full article body body.classList.remove("hidden"); } document.addEventListener("DOMContentLoaded", () => { let loadCount = 0; // Track how many times articles are loaded const offset = [1, 2, 3, 4, 5, 6, 7, 8, 9, 10]; // Offset values const currentUrl = window.location.pathname.substring(1); let isLoading = false; // Prevent multiple calls if (!currentUrl) { console.log("Current URL is invalid."); return; } const sentinel = document.getElementById("load-more-sentinel"); if (!sentinel) { console.log("Sentinel element not found."); return; } function isSentinelVisible() { const rect = sentinel.getBoundingClientRect(); return ( rect.top < window.innerHeight && rect.bottom >= 0 ); } function onScroll() { if (isLoading) return; if (isSentinelVisible()) { if (loadCount >= offset.length) { console.log("Maximum load attempts reached."); window.removeEventListener("scroll", onScroll); return; } isLoading = true; const currentOffset = offset[loadCount]; window.loadMoreItems().then(() => { let article = document.querySelector('#widget_1690 > div:nth-last-of-type(2) article'); intersectionObserver.observe(article) loadCount++; }).catch(error => { console.error("Error loading more items:", error); }).finally(() => { isLoading = false; }); } } window.addEventListener("scroll", onScroll); });
Join Our Newsletters

Sign up by email to receive news.

© 2025 Manila Bulletin The Nation's Leading Newspaper. All Rights Reserved.