SEC approves rental pool programs of CLI-owned companies

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December 19, 2025 | 12:00am

MANILA, Philippines — The Securities and Exchange Commission (SEC) has cleared the rental pool programs of companies owned by listed property developer Cebu Landmasters Inc. (CLI).

The SEC announced its intention to render effective the registration statements of CLI Premier Hotel International Inc. for 180 rental pool agreements and of YHES Premier Hotel Inc. for 263 rental pool agreements, subject to their compliance with the remaining requirements.

CLI Premier is a wholly owned subsidiary of CLI, a real estate developer with a focus on the Visayas and Mindanao.

YHES Premier, meanwhile, is a wholly owned subsidiary of Yuson Huang Excellence Soberano Inc., which in turn is 50 percent owned by CLI.

The SEC said that CLI Premier Hotel’s rental pool agreements consist of 132 studio executive units, 47 one-bedroom units and one two-bedroom service residential unit in its Citadines Cebu City project, which has been operational since September 2019.

Unit owners who have fully paid their units are automatically eligible to join the rental program.

Under the rental pool program, unit owners will receive 40 percent of net room revenue, distributed quarterly, with 10 complimentary nights of stay with breakfast annually, subject to availability.

Meanwhile, the rental pool agreements of YHES Premier cover 180 studio units, 73 one-bedroom units and 10 two-bedroom service residential units for its Citadines Paragon Davao project, which is scheduled to start operations by second half of 2026.

Unit owners are automatically qualified to participate in the rental pool program upon full payment of their units in the serviced-residence condotel project, which operates under the Citadines brand of The Ascott Limited.

Participants in the rental pool program will also receive 40 percent of the net room revenue, distributed quarterly, and 15 complimentary room nights annually, subject to availability.

The rental pool agreements were registered through the streamlined process for Securing and Expanding Capital in Real Estate Non-Traditional Securities, as outlined in SEC Memorandum Circular No. 12, Series of 2024.

Rental pool agreements are defined by the SEC as investment contracts wherein the applicant sells or offers units in real estate projects such as condominiums, hotels, resorts, or dormitories to prospective buyers on the condition that the buyers shall contribute the units, whether mandatory or optional, to a rental pool managed and operated by the applicant or a third-party operator.

Buyers in rental pool agreements are entitled to receive a share of the profits, based on agreed-upon conditions, typically through a share of the income earned by renting out the units to third parties.