Boracay Condotel |
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Enjoy 45 Days Vacation at Boracay For Free Per Year - but still EARN at least 20% ROI per year! |
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| PROJECT DETAILS - click the image to enlarge |
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Status: Construction started November 2007, Soft-opening 3rd Q 2009
Welcome to your private piece of heaven on the world's premiere island paradise!
On the world-famous tropical island paradise of Boracay will rise a luxury hotel that provides elegant accommodations, exceptional facilities, and unforgettable Filipino hospitality: the Crown Regency Boracay. In continuing the fine tradition of the Crown Regency group of luxury hotels, the Crown Regency Resort-Hotel in Boracay will exceed the expectations of island vacationers looking to enjoy this Philippine island's powder-fine white sand, crystal-clear turquoise waters, and incomparable sunset. Impeccably designed for the traveler of distinction, elegantly furnished for the tourist seeking the finest accommodations, and perfectly situated for the vacationer desiring the best location on the island, this Boracay resort and hotel upholds the tradition of excellence ingrained in all Crown Regency hotels.
Mix business and pleasure in one fabulous location!
On the Philippine island paradise of Boracay will rise the Crown Regency Convention Center, a first-class property that combines the best of both worlds for the discriminating traveler: finely appointed Boracay accommodations and world-class business and conference facilities. This Boracay hotel will be the first world-class conference center on the island, and with its twin benefits of value for money and impeccable service, is soon to become a legendary property on this tourists' dream island.
Each guest room at the Crown Regency Convention Center in Boracay is comfortably decorated with top-quality furnishings and all the amenities needed to make for an unforgettably relaxing Boracay stay. Designed to meet the needs and expectations of well-traveled citizens of the world, this Boracay hotel seamlessly and effortlessly combines business and pleasure, thanks to the efficient hospitality afforded by the staff of this Boracay hotel.
As a member of the Crown Regency group of luxury hotels, the The Crown Regency Convention Center and Prince Hotel in Boracay is the ideal hotel in Boracay from which to do business or leave it all behind! Experience Boracay the way it was meant to be experienced at the Crown Regency Convention Center. |
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An Investment Proposal. FOREIGNERS CAN BUY! 100% FOREIGN OWNERSHIP ALLOWED!
A PERFECT GETAWAY FOR THE PERFECT INVESTMENT!
Boracay recently voted as one of Yahoo's Top Ten Best Beaches in the World! |
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| Click Here To Download The Boracay Condotel Investment Proposal Kit and Information |
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BORACAY
ONE OF THE MOST BEAUTIFUL ISLAND AND THE COUNTRY'S BEST JEWEL, KNOWN WORLDWIDE. Only 35-min. flight from Metro Manila and 50-min. flight from Cebu City. Easily accessible by land, air & sea. According to 2007 latest report, (script from ABS-CBN Sports Unlimited Presented last 10om of May 26, 2007 Hosted by Marc) Boracay won the title as the BEST TROPICAL RESORT in the WORLD. According to the Department of Tourism, the island needs about 10,000 rooms but currently there are only 5,000 available. THE ISLAND WELCOMES 400,000 VISITORS EACH YEAR FROM ALL OVER THE WORLD. 2nd Quarter of 2004, the Kalibo airport started accepting international chartered flights from Korea and Taiwan. Majority of Boracay foreign tourists come from Korea, USA, Germany, UK, China and Japan.
PROPOSAL:
We are offering the following proposal for investors:
Opportunity to own a piece of tropical paradise in premier vacation capital of the Philippines through acquisition of a preferred stock share ownership representing a specific condotel unit. Condotel Unit ownership with Club Ultima membership Hotel room nights privileges in any Crown Regency chain of hotels nationwide: Cebu, Davao, Makati, Mactan, Boracay. Access to world class facilities through Interval International hotel exchange of more than 2,000 hotels and resorts, worldwide. Guaranteed 45 days free nights per year accommodation even during peak season (with priority booking as unit owner). Projected substantial returns on investment through condotel operation.
A Brief Background on Boracay
Boracay is a tropical island conveniently located at the northwestern tip of the province of Aklan. It is a coral island with a total land area of 1,083 hectares. It is 7 kilometers long, 0.5 km. at its narrowest and 2.0 km. at its widest. Laced with a beautiful stretch of beach 4 km long that is known for its powdery white sand unequalled not only in the Philippines but anywhere else in the world.
Boracay is composed of 3 barangays of the Municipality of Malay. With a local population of about 13,000 whose main source of livelihood is tourism. The island was declared a tourist zone in 1978 and tourism development has expanded rapidly since then.
Boracay is the Philippine's major tourist destination. Tourist arrivals in 2005 was 499,457. The average yearly increase from 1998 to 2005 was about 20%. Local tourists accounted for 69% of arrivals in 2005 while foreign tourists consisted of 31% of arrivals. The influx of foreign tourist manifests an increasing trend since 2003, with Koreans registering the single largest nationality that visited the island, accounting for 65% of foreign tourists.
Getting to Boracay
Plane
Travel by air via Kalibo/Caticlan is the fastest way to go Boracay from Manila or Cebu.
Asian Spirit & SEAIR has more than 45x flights daily from Manila to Caticlan and other routes. PAL & Cebu Pacific Air each has 3x flights daily via Kalibo. Soon Air Phil and Cebu Pacific will fly the Manila to Caticlan air route.
Sea Ferry
Via Dumaguit on Negros Navigation or WGA Superferry. Travel time is about 12 hours, however, upon reaching Dumaguit, you still have to travel about 1 ½ to 2 hours by land before reaching Caticlan jetty port.
Land
The cheapest way to Boracay is via roll on roll off (RORO) trips to Panay Island. Daily Philtranco airconditioned or non-airconditioned buses leave for Panay via Caticlan. From Manila via bus to Batangas pier, travel time is about 2hrs to 3hrs depending on the traffic. Batangas to Calapan by boat takes 2 hours, another 2 hours by bus from Calapan to Roxas pier, then 4 hours by boat from Roxas pier to the Caticlan jetty port.
PROJECT:
Name: Crown Regency Resort & Convention Center
Area: 382-room resort condotel with an approximate area of 12,000 sq.m.
Location: Located in Barangay Balabag along the main road of Central Boracay.
Only a 3-minute leisure walk (5-meter wide brick flooring) to the Station 2 Beach. Only 5-minute walk to Bolabog Beach Safe, located near Boracay Police & Coast Guard station.
Structure: Three and a half stories high. Guests will have access to the best facilities:
The largest swimming pool in Boracay (2,500 sq.m.)
1,200-person capacity Convention Center
Mermaid Performance Pool
Laundromat
Food and Beverage outlets
How to Get to Crown Regency Resort & Convention Center:
Only 5-minute away from Caticlan Airport is the Crown Regency Welcome Center with the staff to welcome & assist you. Parking facilities for privately owned vehicles are available.
Crown Regency with its own private boat will take you to Boracay Island. When you reach the island, private shuttle van of Crown Regency will transport unit owners & guests within the island. |
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PROPONENT:
Property Owner:
Boracay Multiple Properties Developers, Inc. a 100% subsidiary of J. King & Sons Co., Inc.
Developer & Marketing:
Fuente Triangle Realty Developement, Corp., another subsidiary of J. King & Sons Co.,Inc. The sales and marketing team behind the rising Ultima Residences Towers in Metro Cebu.
Condotel Management:
Crown Regency Hotel Group, an experienced and established hotel chain owned by J. King & Sons Co., Inc.
Club Ultima, Fuente Towers Cebu Crown Regency Suites in Mactan, Cebu Crown Regency Residences in Guadalupe, Cebu Crown Regency Residences in Davao Crown Regency Hotel and Towers in Fuente Osmeña, Cebu Crown Regency Hotel in Makati (Sept. 2007) Crown Regency Resort Hotel West Boracay, Station 3 (June 2008). |
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PRODUCT:
381 Fully Furnished Condotel Units of the Following Classification: |
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| Quantity | Unit Type | Equiv. Shares | Appx. Area | View |
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| 43 | T1 with Loft | 2 | 59 | Ground (Garden View) | | 35 | T2 with Loft | 2 | 57.5 | Ground (Pool View) | | 154 | T3 | 1 | 33.5 to 34.5 | 2nd & 3rd (Garden View) | | 104 | T4 | 1 | 33.5 to 34.5 | 2nd & 3rd (Pool View) | | 12 | T4A | 1 | 41.5 | 2nd & 3rd (Pool View) | | 33 | SU | 3 | 50 to 90 | Deck |
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- Resort has six (6) glass elevators to cover all floors. Philippine and Foreign Nationals are eligible (Residents or non-residents).
- Investors will purchase company stock share in Boracay Multiple Properties Developers, Inc. one(1) stock share is equivalent to one(1) condotel unit.
- Unit are designed on a thirty (30) sq.m. (standard) or forty-five (45) sq.m. (with loft) equivalent to one (1) stock share.
- Units are all fully furnished with kitchen, TV and standard hotel amenities.
- Investors will have the option to reside in their units or enroll in the condotel operations.
- For Residing Investors, they will have to pay administrative maintenance fees as in standard condotel operation.
- For Condotel Enrollees, the administrative and maintenance fees will be deducted from gross income from Condotel Operations.
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PRIVILEGES:
In order to give maximum benefits to the investors, the privileges in owning a unit are:
Every year each condotel unit owner gets a 45-day Free Stay at the resort in his unit or the equivalent room type. (Transferrable, Valid for one year and is non-cumulative). Plus 7-day free stay at Club Ultima or any Crown Regency operated hotels nationwide annually.
Subject to 3 months prior notice before expiry, the unused 45-day free stay is convertible to same room night equivalent at any Crown Regency hotel with no expiry period.
The 45-day free stay could also be exchanged with 2,000 Interval International affiliated hotels & resorts worldwide. Check the website www.intervalworld.com
This unique condotel investment opportunity entitles the unit owner the added advantage of using multiple properties in any Crown Regency Hotel & 2,000 resorts worldwide - An unmatched privilege never offered by any other company in the Philippines today.
PAYBACK:
(based on a T3 unit with a projected room rate of $100 per night)
Your US $87,000 (PhP 4.0 M) investment gives the following returns:
45- day FREE Stay (with an option to sell or use) |
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| Income from a 320-Day enrolment in Condotel operations: |
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| | 320 days @
80% occupancy = | 320 days @
70% occupancy = | 320 days @
60% occupancy = | | 256 days | 224 days | 192 days | | x US $100 /day | x US $100 /day | x US $100 /day | | = US $25,600 | = US $22,400 | = US $19,200 | | Deduct approx. 50% as management fee, taxes, incentive bonus | Deduct approx. 50% as management fee, taxes, incentive bonus | Deduct approx. 50% as management fee, taxes, incentive bonus | Projected
Net Income
Annually | US $12,800
(PHP 588,800) | US $11,200
(PHP 515,200) | US $9,600
(PHP 441,600) |
A very conservative assumption of 60% occupancy/year and US $100/day still gives you a projected income of US $9,600 (PHP 441,600) per year
In a bank desposit with a maximum of 5% interest, your US $87,000 (PHP 4.0 M) earns you only US $4,350 (PHP 200,100) per year Bank Desposit with an estimated annual interest of 5% gives you
US $4,350 (PHP 200,100) Condotel Enrollment with an assumption of 60% occupancy at US $100 per day
US $9,600 (PHP 441,600) Condotel Enrollees earn US $5,250 (PHP 241,500) MORE than the standard bank deposit. In addition to the projected net income, investors have their 45-day Free Stay guaranteed benefit which they have the option to sell. 45-DAY FREE STAY / YEAR with an option to sell or use worth
US $4,500 (PHP 207,000) based on an assumption of 4-star hotel rates of US $100/day in Boracay Projected Net Income US $9,600 (PHP 441,600) Guaranteed Benefit US $4,500 (PHP 207,000) An investor gets an estimated total of
US $14,100 (PHP 648,600) per year | | Unit T1
Ground
(Garden View)
59 sqm with Loft | Unit T2
Ground
(Pool View)
57.5 sqm with Loft | Unit T3
2nd & 3rd Floor
(Garden View)
33.5 to 34.5 sqm | Unit T4
2nd & 3rd Floor
(Pool View)
33.5 to 34.5 sqm | Unit T4A
2nd & 3rd Floor
(Pool View)
41.5 sqm | Special Unit
Deck
(Pool View)
50 - 90 sqm |
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| Projected Room Rate/Night | US $220 | US $250 | US $100 | US $120 | US $150 | US $300 | | PRO-RATA Share | 2.2 | 2.5 | 1.0 | 1.2 | 1.5 | 3 |
The bigger the investment the higher the returns. Investors could look forward to an estimated 5-year full return of their investment once the condotel is operational and unit is fully paid for. In the meantime, he can enjoy the good life in Boracay or the privileges & benefits of being a member of Club Ultima and in all of its off-site facilities through the Crown Regency Hotel chain.
Upon operation of the condotel, investors will receive percentage of income based on the payments made to the total contract value. If investor has paid less than 50% of the total contract value, investor receives 25% of the income due. If investor has paid 50% to 70% of the total contract value, investor receives 50% of the income due. If investor has paid 70% to 90% of the total contract value, investor receives 75% of the income due. If investor has fully paid the total contract value, investor receives the full income due him |
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| Buy-back Program 5 years after condotel operations, investors can have the following options:
1 Resell the unit at the open market.
2 Resell the unit to Fuente Traingle Realty Development Corp. at acquisition price.
3 Resell the unit to the open market through Fuente Traingle Realty Development Corp. for a minimal fee. |
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PROMOTION:
Boracay is a haven of natural beauty and splendor uniquely on its own- And Crown regency Group of Hotels has captured this ambience in the island by integrating the elements of Earth, Fire, Water, and Wind in the master planning of the four (4) resorts. Well-planned promotions and expertise of the hotel operator and their marketing channels will ensure a high occupancy and ultimately high investor returns.
The Calmness of Water
Crown Regency Resort & Convention Center. A resort experience at your doorstep, lavishing the luxury of peace and stillness of the waters. Centrally located in Station 2 with 3 minutes walk to the long beach and 5 minutes walk to Bolabog beach, the resort's biggest swimming pool in the Island, its lush landscaped garden, fascinating & innovative facilities and amenities, is singularly unique,exciting and a fullfilling Boracay experience.
The Passion of Fire
Crown Regency Resort. At the station 3 beachfront. The 40-unit resort owes its design inspired by a sun drenched island, a beautiful view of the sunset, creating an amazing display of amber hues exemplifying the passion of fire. It has an infinity pool at the deck and a conference room with capacity for 80 people. Essences of the fire element are shown in patterns of sunshine as streaks of sunlight penetrate the warm and vibrant interiors of the resort.
The Strength of Earth
Crown Regency Prince Resort. Strategically located at station 1 at the crossings of the main road & the road leading to Bolabog beach. This 19th-century inspired resort is a structure of stone and hardwood highlighting the stability and solidity of the Mother Earth. This boutique hotel is a good medium of gracious hospitality, warm service and the pleasure of a carefree vacation. It has 24 earth inspired rooms, coffee shop, convenience stores and other specialty shops.
The Freedom of Wind
Crown Regency Bayview Resort. Located at one end of the Bolabog beach cove. This resort brings the element of Wind on its modern design of glass walls and chrome interiors. Associated to a new day and a freedom for new experiences, the element of Wind is felt from the generous amount of light and view from your doorstep as you feel the peaceful trade winds blow offshore and the topaz blue waters of Boracay beaches dancing from your bedroom window. A sense of freedom awaits you here, to touch to inhale and to experience freedom where the wind blows.
PAPERWORKS :
Investors signs a purchase agreement to acquire a preferred stock share from Fuente Triangle Realty Development, Corp. representing a specific condotel unit. Upon full payment of unit, investors receive a fully-paid preferred stock share certificate. Preferred stock share certificate can only be resold when unit is fully paid
Purchase Agreement:
The condotel unit Purchase Agreement for Crown Regency Resort & Convention Center is irrevocable upon signing. A reservation deposit of One Hundred Thousand Pesos (P100K) payable to Fuente Triangle Realty Development Corporation is required upon signing. The balance is subject to the agreed terms of payment to be completed within thirty (30) days. Cash Payments are also given thirty (30) days to complete.
Failure to meet final payment at the time agreed upon in the Purchase Agreement results to the forfeiture of the deposit made unless acceptable arrangements are agreed upon. (Refer to section 8 of Contract to Sell) |
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