C06236-2021

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Sep 14, 2021
2. SEC Identification Number
CS200321240
3. BIR Tax Identification No.
227-599-320-000
4. Exact name of issuer as specified in its charter
CEBU LANDMASTERS, INC
5. Province, country or other jurisdiction of incorporation
CEBU CITY, CEBU, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10TH FLOOR, PARK CENTRALE, B2 L3, JOSE MA. DEL MAR ST., CEBU IT PARK, APAS, CEBU CITY Postal Code 6000
8. Issuer's telephone number, including area code
(032) 2314914
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON SHARES 3,623,451,997
11. Indicate the item numbers reported herein
OTHER ITEMS

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Cebu Landmasters, Inc.CLI

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Cebu Landmasters breaks ground on the iconic Masters Tower Cebu
Background/Description of the Disclosure

In anticipation of a strong economic bounce back in the South, leading developer in VisMin Cebu Landmasters Inc. (CLI) broke ground today, September 14, on its Php4 billion mixed-use Masters Tower Cebu which will boost its hotel and Grade A office portfolio.

Located at the Cebu Business Park, Masters Tower Cebu will house the 195-room Sofitel Cebu City. The luxury hotel will be a cornerstone of the growing CLI hotel portfolio projected to grow to 1,433 rooms by 2025 when Sofitel Cebu City will be completed. This is in line with the listed company’s strategy to grow its recurring revenue to contribute 10% of total revenue in 4 to 5 years. Five-star Sofitel Cebu City will be operated by multinational chain Accor, a world leading hospitality group headquartered in France.

The 192-meter tower will also offer Grade A office space within the city’s choicest business district. The building set to be one of Cebu’s tallest is LEED Gold registered and will have eco-efficient features making it attractive to global and other occupiers putting a premium on sustainability. The tower’s exterior evokes Cebu City’s tradition of wood craftsmanship. The delicate, shingled facade is composed of high-performance glass and aluminum forms that are painted to resemble a light, textured wood

CLI chief executive officer Jose Soberano III disclosed: “CLI is confident that VisMin economic recovery is within view and will happen at an accelerated pace. We will be ready in three to four years for the bounce back with a long-awaited five-star hotel and prime office spaces in the iconic Masters Tower Cebu.”

Masters Tower Cebu is designed by Skidmore, Owings and Merrill (SOM), responsible for some of the world’s most technically and environmentally advanced buildings and significant public spaces, in collaboration with GF Partners and Architects, one of the country’s top architectural firms. Sofitel Cebu City’s interiors are designed by Aston Design, a Singapore and Stockholm-based studio known for delivering poetic hospitality interior narratives across a diverse range of typologies – from luxury to lifestyle, urban to resort.

The offices will be located from the 8th to the 12th floors while the hotel will be from the 14th to the 32nd floors. The latter will also include an exquisite Grand Ballroom overlooking Cebu City, all-day dining restaurant, roofdeck restaurant and bar, meeting rooms, executive lounge, swimming pool, SoFit gym and spa.

Masters Tower Cebu is destined to be an iconic landmark set apart by a crown-like structure topping off at 192 meters above sea level and inspired by Cebu City’s standing as the Queen City of the South. It has also been designed to use energy efficiently and responsibly. Each floor will highlight louvers that will reduce solar heat by almost 70% while sky gardens on each floor will further enhance the well-being of all its occupants. The hotel’s sky lobby on the 16th floor will feature an atrium that will maximize natural lighting. A roof deck will offer heretofore unseen views of the metropolis.

“We believe Cebu City deserves a landmark like the Masters Tower Cebu,” according to Soberano. ###
Other Relevant Information

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Filed on behalf by:
Name Clarissa Mae Cabalda
Designation Corfin/Investor Relations Manager