An investment opportunity like no other- 45 one and two-bedroom suites for those with an eye for a blue-chip investment. You own it; We lease it back from you to operate as suites as part of an international 5-Star branded hotel next door. Plus, you get VIP perks as owners.
SALE AND LEASEBACK / RENTAL PROGRAM: HIGHLIGHTS OF TERMS AND CONDITIONS
The Summit Residences is part of the groundbreaking, redevelopment of Summit Hotel comprising of ultra-luxury Residential Apartments, Nepal’s first branded residences, and an internationally branded 5-star Hotel in the heart of the exclusive Sanepa neighbourhood. Marrying functionality with timeless beauty, the Summit Residences provides wall-to-wall luxury to those who do not compromise their lifestyle.
Residence owners get the valid title - deeds (LalPurja) for the Residence.
Mandatory rental pool participation to Brand’s Rental Program for an initial period of 15 years and Residence Owner has the option to renew another 15 years or exit at the end of the initial period.
Owners receive 40% of the Net Room Revenue from the bookings of their respective apartment pool whereby the remaining 60% is utilized to cover the cost of operations, common area management expenses & operator’s fees.
Complimentary stay for owners of 21 days per year during the period of the Rental Program. However, the complimentary stay is exclusive of utility & service charges.
The Residences shall be marketed globally by Brand using its robust distribution when it is not occupied by the Residence Owners.
Each Residence owner shall receive complimentary Status in Brand’s global loyalty program that offers privileges, including upgrades, and discounts at Brand’s global hotel portfolios.
Residence Owners shall have 24/7 access to all the amenities & facilities at the Branded Hotel, a premier 5-star property managed by Brand.
The residences shall always be maintained during the rental program as per Brand’s standard independent of occupancy.
JOIN AN ELITE CLUB OF BRANDED RESIDENCES OWNERS FROM ACROSS THE WORLD
State of the Art Fitness Center
Pet-Friendly Premises
Co-Working Space/Business Center
Electric Vehicle Charging Station
Dedicated, Electric, Water, Gas & Cable Lin
Property-wide High Speed Wifi
Sports Facilities
Bicycles Parking
GET IN TOUCH
We are pleased to offer you comprehensive advice about your private ownership of the Summit Residences at Sanepa, Lalitpur.
