CROWN REGENCY RESORT & CONVETION CENTER - Central Boracay
June 23, 2007 : Boracay is voted as Yahoos Top Ten Best Beaches in the World. Details http://travel.yahoo.com/beaches.
Boracay Island makes list of worlds best beaches The Manila Times, June 19, 2007.:
An Investment Proposal. FOREIGNERS CAN BUY! 100% FOREIGN OWNERSHIP ALLOWED!
A PERFECT GATEAWAY AND A WISE INVESTMENT.
BORACAY
ONE OF THE MOST BEAUTIFUL ISLAND AND THE COUNTRYs 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 investors a unique investment proposal:
Opportunity to own a piece of tropical paradise premier vacation capital of the Philippines through stock share ownership while responding to the demand for more accommodations in Boracay.
Capacity to earn substantial income in a growing industry.
Assurance of a vacation home with a breathtaking panoramic view of one of worlds finest beaches even during peak season.
PROJECT :
Name : CROWN REGENCY RESORT & CONVENTION CENTER - Central Boracay
Area : 304-room resort condotel with an approximate area of 10,194 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
Safe, located near Boracay Police & Coast Guard Station
Structure :
Three and a half storey high.
Guest will have access to the best facilities
- The largest swimming pool in Boracay
- 1,000 pax Ballrooms & Conference Rooms
- Fitness gym
- Food and Beverage outlets ; Laundromat
How to Get to Crown Regency Resort Hotel Central Boracay:
Only 5-minute away from Caticlan Airport is the Crown Regency Welcome Center, our crew will be there to welcome & assist you.
Crown Regency will take you to Boracay Island via its own private boat
When you reach the island, our own private shuttle van will transport unit owners & guests within the island.
PROPONENT :
Property Owner : Boracay Multiple Properties Developers, Inc., - a 100% subsidiary of J. Kings and Sons Co. Inc..
Developer and Marketing : Fuente Triangle Realty Development Corp the company behind the rising Ultima Residences Towers in Metro Cebu.
Condotel Management : Crown Regency Hotel Group, an experience & established hotel chain operating :
- Crown Regency Suites in Mactan, Cebu
- Crown Regency Residences in Guadalupe, Cebu
- Crown Regency Residences in Davao
- Crown Regency Hotel & Towers n Fuente Osmeρa, Cebu
- Crown Regency Hotel in Makati (Sept. 2007)
- Crown Regency Resort Hotel, West Boracay Station 3 (June 2008)
PRODUCT:
Philippine and Foreing 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.
PRIVILEGES:
In order to give maximum benefits to the investors, the privileges in owning a unit are:
45-day Free stay at the resort every year for Condotel enrollees. ( Valid for one year and is non-cumulative)
Plus 7-day free stay at Club Ultima or any Crown Regency operated hotels nationwide annually.
45-day free stay can be converted to Free stay privilege certificates at any of the Crown Regency hotel chain of properties & other off-site facilities with no expiry period on a one to one room night value.
Investors could also exchange their Club Ultima 7-day Free stay privileges in any of the 2,900 Interval International affiliated hotels & resorts worldwide.
The 45-day Free Stay can also be used to get additional room nights with Interval International.
AN ADDITIONAL ONE-TIME SIGNING BONUS OF 45-DAY FREE STAY AT ANY CLUB ULTIMA OR CROWN REGENCY OPERATED HOTELS (except Boracay) FOR CASH INVESTORS
PAYBACK: As an investor, your US $68,000 (Php 3.3M0 investment has a 45 day FREE stay (with an option to sell or use) & a 320-day for enrolment in Condotel operations.
Let us compute the projected income based on the assumption of a US $100 room rate/day and at different occupancy rates.
320 days @ 320 days @ 320 days @
80% occupancy= 70% occupancy = 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 Deduct approx. 50% as Deduct approx. 50% as
Net Income (Php 620,800) (Php 543,200) (Php 465,600)
Anually
At a very conservative assumption of 60% occupancy/year & US $ 9.600/year (Php 465,600)
Bank Deposit VS Condotel Enrolment
with an estimated annual interest with an assumption of 60% occupancy
of 5%, gives you and room rate of US $100/day
[Frame1]
[Frame2]
Condotel Enrollees earn US $6,200 (Php 300,700) 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 (Based on an assumption of 4-star hotel rate
US $4,500 ( Php 218,250) of US $100/day in Boracay)
An investor gets an estimated total of US $14,100 ( Php 683,850) / year
An investor who sells their 45-day Free Stay on peak season gets more added incentives.
Investors could look forward to an estimated 5year full return of their investment while enjoying 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.
PROMOTION:
45-DAY VACATION IS IDEAL FOR FOREIGNERS WHO WISH TO STAY WARMTH & ENJOY THE TROPICS WHEN THEIR COUNTRY IS EXPERIENCING WINTER SEASON.
CONDO UNITS WILL BE AVAILABLE IN CLUSTERS 6 OR 8 WITH ONE COMMON COURTYARD FOR GROUP ACTIVITIES. IDEAL FOR LARGE FAMILY OR FRIENDS.
INVESTORS CAN LIKEWISE RECOMMEND THEIR FRIENDS TO BUY UNITS IN THEIR CLUSTERS SO THEY CAN HAVE THEIR VACATION TOGETHER OR TAKE TURNS OF USING THE UNITS FOR THEIR OWN FAMILY VACATION ON DIFFERENT SEASONS.
PAPERWORKS :
Investors will sign an investment agreement to purchase a stock share from Boracay Multiple Properties Developers, Inc. equivalent to one specific condotel unit
When payment is fully paid, investors will receive a stock share ownership certificate
Stock share ownership can only be resold when fully paid.
No capital gains tax involved.
FREQUENTLY ASKED QUESTIONS:
Q. ARE THERE OTHER EXPENSES TO BE PAID BY THE UNIT OWNER UPON ENROLLMENT IN THE CONDOTEL OPERATIONS?
A. A joining fee is required to be paid by the unit owners upon enrollment to condotel operations. The joining fee will be determined later by the operator. Unit owner will still have to pay for other amenities and other services
Q. WHO WILL OPERATE THE CONDOTEL UPON COMMERCIALIZATION?
A. Condotel will be managed by the Crown Regency Hotel Chain
Q. HOW DOES THE CONDOTEL OPERATE?
A. The condotel will generally operate like a resort hotel. Individual owners may use their condotel units for 45 days every year if their unit is enrolled under rental pooling. If the usage will exceed 45 days, they will have to pay the members rate (30% discount from regular rate). Owners who do not choose t enroll their units under condotel operations may use their units as a vacation home or for residential purpose.
Q. IF THE UNIT OWNER DECIDES NOT TO ENROLL HIS UNIT UNDER THE CONDOTEL OPERATIONS, WILL THE UNIT OWNER BE CHARGED OF ASSOCIATION DUES?
A. Yes, the unit owner will be charged with monthly association dues & maintenance fees will be determined later by the operator.
Q. ARE THERE ASSOCIATION DUES FOR THE UNIT OWNERS WHO ENROLLED IN CONDOTEL OPERATIONS/
A. There are NO association dues for units enrolled under condotel operations.
Q.WHAT IF THE UNIT OWNER WAS NOT ABLE TO USE THE 45-DAY BENEFIT?
A. The 45-day benefit has an expiry of one-year. The 45-day free stay can be converted to Free stay privilege certificates at any of the Crown Regency hotel chain of properties & other off-site facilities with no expiry period on a one to one room night value. He can also enroll it at Interval International or sell it to his friends.
Q. ARE REPAIRS SHOULDERED BY THE CONDOTEL OPERATORS?
A. Only minor repairs shall be shouldered by the condotel operator.
Q. WHAT IS THE MINIMUM PERIOD OF THE CONDOTEL ENROLLMENT?
A. Upon turnover of your unit, the unit owner may immediately enroll with the operator. The minimum period you can have your unit enrolled is three(3) years.
Q. HOW DOES THE CONDOTEL OPERATION DIFFER FROM TIMESHARES?
A. In timeshare, you only exercise a right to use the property for a certain period of time. When you own a unit in Boracay Multiple Properties Developers, Inc.(BPDI), you own a share in the company wherein your share is represented by a specific numbered unit. Your ownership of a share evidenced by a stock certificate makes you a unit owner and a shareholder of BMPDI.
, Boracay, Aklan
Price Range : P 3,300,000 to P 8,500,000
Convert : P 3,300,000 to P 8,500,000
Payment Terms : PRICING:
Note : Pricing are inclusive of Club Ultima Membership with 7 FREE room nights with option with Interval International, subject to payment of regular charges imposes by Interval International.
For 15 mo. Installment Scheme : 50% share of profit if hotel opens before the payment is complete
For 18 mo. Installment Scheme :40% share of profit if hotel opens before the payment is complete
For 24 mo. Installment Scheme : 30% share of profit if hotel opens before the payment is complete
For 30 mo. Installment Scheme : 20% share of profit if hotel opens before the payment is complete
- All checks should be made payable to Fuente Triangle Development Corp.
- Full profit of investors starts when investment is fully paid.
- For every 40 investment sold, an additional of 5% increase in the above prices
- Reservation deposits are non-refundable
Note :
Existing Club Ultima membership get a Php 300,000.00 discount from the existing price. Discount applies only to one (1) Unit. Members with one(1) room night privilege must upgrade to seven (7) room night privileges to avail of the members price.
For non-members, price includes Club Ultima membership with 7 FREE room nights with option to enroll with Interval International, subject to payment of regular charges imposed by Interval International.
Foreign currencies are accepted at a lock-up value of minus ONE PESO (Php1.00) of the prevailing exchange rate.
NOTE:
1. Reservation deposit of Php 100,000.00 is part of the downpayment amount;
2. If downpayment is paid outright, less 7% discount based on the Downpayment Amount;
3. If the downpayment is paid within 30 days, less 5% discount based on the downpayment amount;
4. Downpayment can be paid in 3 months, 6 months, 9 months or 12 months;
5. For downpayment payable in 9 or 12 months, the monthly amortization starts on the 7th month;
6. 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.
7. For buyers with unpaid balances at the start of 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
Full profit of Investors starts when investment is fully paid
Reservation deposit of ONE HUNDRED THOUSAND PESOS (Php 100,000.00) is non-refundable.
Cash paying Investors will be given first priority in choosing Units and a 45-day FREE stay at any Crown Regency Hotel as signing bonus.
Floor Area : 34.00 sq. m.
Hold on, as previously stated above : There will be a SIGNING BONUS of an additional 45 days FREE stay (first year only) if you will pay CASH - AN OUTRIGHT PAYMENT.
This 45 days is on top of the original 45 days you are getting regardless of payment terms for a total of 90days vacation time on the first year. However, please note that the second 45 days shall only apply to areas where Club Ultima or Crown Regency hotel are located and Boracay is not included.
Construction schedule commence hopefully, if their is no changes on June 2007 and the target approximate completion date will be on June or July 2008. (May 22, 2007 Update : Launching on first week of July 2007. Construction commence hopefully on Sept 2007 and not June 2007 because of government regulatory requirements which needs to be processed. Construction is 1 year).
