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 (Construction starts November, 2007)
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:
o The largest swimming pool in Boracay (2,500 sq.m.)
o 1,200-person capacity Convention Center
o Mermaid Performance Pool
o Laundromat
o 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.
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)
Product
Unit Type T1 / T2 with Loft
(For presentation purpose only, actual unit may vary)
·381 fully furnished condotel units of the following classification:
Quantity Unit Type Equiv. Shares Appx. Area View
43 T1 with Loft 2 57.5 Ground (Garden View)
35 T2 with Loft 2 59.0 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
· Resort has six (6) glass elevators to cover all floors.
· Philippine and Foreign Nationals are eligible (Residents or non-residents).
Floor Plans
T-1 Garden View with Loft
Lower Ground Floor Plan
T-2 Pool View with Loft
Upper Ground Floor Plan
T-3 Pool View
Loft / 2nd Lower Floor Plan
T-4 Garden View
2nd Floor Plan
T-4 Pool View
3rd Floor Plan
Basement Floor Plan
Architect's Perspective
Aerial View
Unit View
View from the Deck
Pricing 1 - CASH PAYMENT
Unit T1
Ground
(Garden View)
57.5 sqm w/ Loft
Php 7.5 M Unit T2
Ground
(Pool View)
59 sqm w/ Loft
Php 8.0 M Unit T3
2nd & 3rd Floor
(Garden View)
33.5 to 34.5 sqm
Php 4.0 M Unit T4
2nd & 3rd Floor
(Pool View)
33.5 to 34.5 sqm
Php 4.2 M Unit T4A
2nd & 3rd Floor
(Pool View)
41.5 sqm
Php 4.8 M
Pricing 2 - WITH DOWNPAYMENT
Unit T1
Ground
(Garden View)
57.5 sqm w/ Loft
Php 7.5 M Unit T2
Ground
(Pool View)
59 sqm w/ Loft
Php 8.0 M Unit T3
2nd & 3rd Floor
(Garden View)
33.5 to 34.5 sqm
Php 4.0 M Unit T4
2nd & 3rd Floor
(Pool View)
33.5 to 34.5 sqm
Php 4.2 M Unit T4A
2nd & 3rd Floor
(Pool View)
41.5 sqm
Php 4.8 M
Scheme 1
Downpayment
to Condotel Monthly Installment
50% 50% balance in equal 48 monthly installments
40% 60% balance in equal 48 monthly installments
30% 70% balance in equal 48 monthly installments
Scheme 2
Downpayment
to Condotel Monthly Installment Retention Amount
Upon Start of Operation
30% 40% balance in equal 48 monthly installments 30%
30% 50% balance in equal 48 monthly installments 20%
30% 60% balance in equal 48 monthly installments 10%
Pricing 3 - NO DOWNPAYMENT
Unit Type Price Reservation Fee Balance Monthly Amortization Retention Fee
T1 Php
7.5 M Php 100,000.00 Php 7,400,000.00 Php 120,000.00 x 48 mos.
(Php 5,760,000.00) Php 1,640,000.00
T2 Php
8.0 M Php 100,000.00 Php 7,900,000.00 Php 120,000.00 x 48 mos.
(Php 5,760,000.00) Php 2,140,000.00
T3 Php
4.0 M Php 100,000.00 Php 3,900,000.00 Php 60,000.00 x 48 mos.
(Php 2,880,000.00) Php 1,020,000.00
T4 Php
4.2 M Php 100,000.00 Php 4,100,000.00 Php 60,000.00 x 48 mos.
(Php 2,880,000.00) Php 1,220,000.00
T4A Php
4.8 M Php 100,000.00 Php 4,700,000.00 Php 60,000.00 x 48 mos.
(Php 2,880,000.00) Php 1,820,000.00
Existing Club Ultima members get a Php 300,000 discount from the existing price. Discount applies only on one (1) unit. Members with one (1) room night privilege must upgrade to seven (7) room night privilege to avail of the members price
For non-members, price includes Club Ultima membership with seven (7) FREE room nights with option to enroll with Interval International, subject to payment of regular charges imposed by Interval International. Refer to www.intervalworld.com
Foreign currencies are accepted at a lock-up value of minus ONE PESO (Php 1.00) of the prevailing exchange rate.
Note:
· Reservation deposit of Php 100,000.00 is part of the down payment;
· If down payment is paid outright, less 7% discount based on the Down Payment Amount;
· If down payment is paid within 30 days, less 5% discount based on the Down Payment Amount;
· Down payment can be paid in 3 months, 6 months, 9 months or 12 months;
· For down payment payable in 9 or 12 months, the monthly amortization starts on the 7th month;
· All retention payables should be covered by blank dated checks. Six (6) months prior to the start of the condotel operation, buyers will be informed that the blank dated checks will be deposited;
· For buyers with unpaid balances at the start of the condotel operations will only receive 70% dividends due until purchase amount of unit is fully paid;
· All checks should be made payable to Fuente Triangle Realty Development Corporation
· Cash paying Investors will be given first priority in choosing units
· Full profit of investors starts when investment is fully-paid
· Reservation deposit of ONE HUNDERED THOUSAND PESOS (Php 100,000.00) is part of the toltal purchase price and is non-refundable
· Cash paying Investors gets a signing bonus 45-day FREE Stay at any Crown Regency Hotel. Subject to registration with Interval International, these days too can be exchanged to avail of more than 2,000 hotels and resorts worldwide. Subject to Interval International regulations, advance bookings and payment of any fees and charges that may become payable. Check the website www.intervalworld.com
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.
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. 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.
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)
· 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 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)
VSCondotel 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 BoracayProjected 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)
57.5 sqm with Loft Unit T2
Ground
(Pool View)
59 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 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.
Inquire now!
Anginett C. Borja
Contact Nos. 00639194827899 / 00639223648798
YM anginett888
EMAIL janet@realtyphilippinesonline.com
realtyphilippines@pldtdsl.net
WEBSITE http://realtyphilippinesonline.com
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