boracay condotel investment Cebu Philippines
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boracay condotel investment

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Advertisement Details

Advertisement ID :
1656882
Category : Apartment / Condominium
Location : Cebu
Ads Classification : For Sale
Price:P 5,000,000.00
Address : boracay island, malay aklan
Bathrooms : 1
Floor Area : 33.5
Condition : New
Date Updated : November 21, 2009 (posted September 22, 2009)
Short URL : http://sulit.com.ph/1656882

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Description

Boracay Crown Regency Resort and Convention Center is a Crown Jewel in the beautiful island in Malay aklan. Were we are given the unique investment opportunity to investors. Its a 50-50 profit sharing in pool income, 45days free of stays in any Crown Regency Hotel in the Philippines, no tax fee, no maintenance fee. All you have to do is INVEST, ENJOY and EARN a MILLIONs.

We are offering the following proposal for investors:

  • Opportunity to own a piece of tropical paradise in premier vacation capital of the Philippines through ownership of a specific unit from Fuente Triangle Realty Development Corporation represented by a Preferred Stock Share certificate as specified in the Articles of Incorporation of Boracay Multiple Properties Development, Inc.
  • Condotel Unit ownership with Club Ultima membership.
    Check the website www.clubultima.com
  • Hotel room nights privileges in any Crown Regency chain of hotels, nationwide: Cebu, Davao, Mactan, Makati, and Boracay.
    Check the website www.crownregency.com
  • Access to world class facilities through Interval International hotel exchange of more than 2,000 affiliated hotels and resorts, worldwide.
    Check the website www.intervalworld.com.
  • 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 estimated 5-7 years returns.

The Project:

Name:

Crown Regency Resort & Convention Center (Construction commences on November, 2007)

Area:

457-room resort condotel with an approximate area of 16,000 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 (2,800 sq.m.)
    • A Convention Center with a capacity of 1,800 pax
    • Mermaid Performance Pool
    • Laundromat
    • Food and Beverage outlets

How to Get to Crown Regency Resort & Convention Center:

  • Only 5 minutes away from Caticlan Airport is the Crown Regency Welcome Center with the staff to welcome and 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, a private shuttle van of Crown Regency will transport Unit owners and guests within the island.

The Product

  • 457 fully furnished condotel units of the following classification:
    QuantityUnit TypeEquiv. SharesAppx. Area (sqm.)View
    43 T1 with Loft 2 59 Ground (Garden View)
    35 T2 with Loft 2 57.5 Ground (Pool View)
    224 T3 1 33.5 to 34.5 2nd & 3rd (Garden View)
    104 T4 1 33.5 to 34.5 2nd & 3rd (Pool View)
    18 T4A 1 41.5 2nd & 3rd (Pool View)
    33 Special Unit 3 50 to 81 Deck
  • Resort has six (6) glass elevators to cover all floors.
  • Philippine and Foreign Nationals are eligible (residents or non-residents).
  • NOTE: Unit design, size, and price are subject to change without prior notice.

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).
Interval InternationalCrown Regency
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. Check the website www.crownregency.com or www.clubultima.com 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.

* not valid under guaranteed fix payback program

Payback A
Estimated 7-year Full Return of Investment
(based on a T3 unit with a projected room rate of Php5,000.00 per night)

Your PhP 5.0 M investment gives the following returns:

  • *45- day FREE Stay (with an option to sell or use)
  • Income from a 320-Day enrolment in Condotel operations.
  320 days @
80% occupancy =
320 days @
70% occupancy =
320 days @
60% occupancy =
256 days 224 days 192 days
x Php 5,000/day x Php 5,000/day x Php 5,000/day
= Php 1.28 M = Php 1.12 M = Php 0.96 M
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
(Php 640,000) (Php 560,000) (Php 480,000)
  • A very conservative assumption of 60% occupancy per year and Php 5,000.00/day still gives you a projected income of 480,000.00 per year
  • Compared to a bank desposit with a maximum of 5% interest, your Php 4.0 M earns you only Php 200,000 per year

Bank Desposit

with an estimated annual interest of 5% gives you
Php 200,000.00

VS

Condotel Enrollment

with an assumption of 60% occupancy at Php 5,000.00/day
Php 480,000.00

Condotel Enrollees earn Php 280,000.00 MORE than the standard bank deposit once the Condotel is operational and the Unit is fully paid. In addition to the projected net income, investors have their *45-day Free Stay guaranteed benefit which they have the option to sell. An Investor can easily sell their *45-day FREE stay to travel agencies especially during peak season.

*45-DAY FREE STAY / YEAR

with an option to sell or use worth
Php 225,000.00

based on an assumption of 4-star hotel rates of Php 5,000.00/day in Boracay

Projected Net Income

Php 480,000

+

Guaranteed Benefit

Php 225,000.00

An investor gets an estimated total of
Php 705,000.00 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
Projected Room Rate/Night Php 11,000 Php 12,500 Php 5,000 Php 6,000 Php 7,500 Php 15,000
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 71% 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. If an investor wish to avail of the guaranteed fix payback scheme, he must surrender his 45 Free days to Fuente Triangle Realty Development Corporation. In return, he will receive an annual income of 12% of the *acquisition price for 15 years from the start of the condotel operation provided that he has fully paid the total contract value of the investment. Example:  Php5.0 M investment (Acquisition Price)12% of investment is Php 600,000.00 per year x 15 years = Php 9.0 M (Total income for 15 years)
Payback B (Guaranteed Fix Payback Scheme)
Buy-back Program 5 years after condotel operations, investors can have the following options: Resell the unit at the open market. Resell the unit to Fuente Triangle Realty Development Corp. at *acquisition price. Resell the unit to the open market through Fuente Traingle Realty Development Corp. for a minimal fee.



Some more questions and or clarifications, you can contact me:

Rose Padayhag-Paul
Sales Manager
FTRDC
mobile #: +63920 3930903
email add: rosefuentetriangle@gmail.com
http://sites.google.com/site/condotelinvestment





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Posted By

Posted by : rosepadayhag79
Member Since : November 10, 2008
Last Login : 1 day, 2 hours ago
Feedback : no feedback yet

Contact Details

Address : G5 Club Ultima Tower 2, Fuente Triangle Towers, Osmena Blvd. Cebu City, Cebu
Contact Nos. : +63920-3930903
Look For : rose padayhag-paul


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