CROWN REGENCY RESORT & CONVENTION CENTER in BORACAY March2013
We are offering an opportunity to own a piece of tropical paradise in the premier vacation capital of the Philippines, Boracay island. Investors of CROWN REGENCY RESORT & CONVENTION CENTER in BORACAY will have the capacity to earn substantial income in a growing industry and assurance of a vacation home in Boracay.
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Air view of 382 units of Condotel in Boracay Island.
CLICK THE INSIDE PERSPECTIVE BELOW TO ENLARGE
382 Fully Furnished condotel units with the following classification:
Approximate Area (SQM)
T1 with loft
Ground Garden View
T2 with loft
Ground Pool view
Lower 2nd Floor Garden view
2nd Floor Pool view
Philippine and Foreign Nationals are eligible (residents or non-residents)
Investors will purchase Company stock share in Boracay Multiple Properties Developers Inc. One (1) share stock is equivalent to one (1) condotel unit.
Units are designed on a thirty (30) square meter (standard) or forty-five (45) square meter with loft equivalent to one (1) stock share.
Units are fully furnished with kitchen, TV and standard hotel amenities.
Investors have the option to reside in their units or enroll in condotel operations.
In order to give maximum benefit to investors, the privileges of owning a unit are:
45-day Free stay at the resort for every year for Condotel enrolees (valid for one year and non-cumulative
Plus 7-day Free stay annualy at Club Ultima or any Crown Regency operated units nationwide.
The 45-day Free stay can be converted to Free stay privilege certificates at any of the Crown Regency hotel chain properties and other off-site facilities with no expiry period on a one to one room right value.
Investors could also exchange their Club Ultima 7-day Free stay privilege in any of the 2,900 Interval International affiliated hotels worldwide. Check the website: http://www.intervalworld.com
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.
.Location of the Condotel: Barangay Balabag - indicated by the small star near to it. (Click the above map to enlarge)
Summary of the benefits you will get from this investment:
1) You will earn income at the same time own this unit. The estimated income is P480,000 per year. The value of this unit will keep on increasing every year and at the same time earn this much.
2) You will have a guaranteed income of 12% per annum of your own unit if the estimated income cannot be achieved yet
3) You will enjoy 45 days free use of your own unit for every year. This is for your vacation purposes. This 45-day free stay could also be exchanged with 2,000 Interval International affiliated hotels and resorts, worldwide.
4) You will enjoy free club membership The lowest price membership of Club Ultima is P301,134 but this is free when you invest in a unit in Crown Regency Boracay.
5) Your unit comes fully furnished, ready for you and for your guests.
6) Estimated 7 years of full return of investment
7) Plus 7-day free stay at Club Ultima at any Crown Regency operated hotels nationwide (annualy)
8) Buy back guarantee after 5 years condotel operations at acquisition price.
The Condotel is just walking distance to the beach by just about 3 minutes walk. It's about 300 meters away.
The income you earn from your own unit can certainly ease up the monthly payments starting first quarter of 2013 until fully paid. It is estimated that from the income alone, in 7 years to get back all what you have paid for, which means that you will have your piece of paradise in Boracay without having paid anything plus all the club membership for free, and the income thereafter will continue for a lifetime and for your next generation to come.
SAMPLE COMPUTATION FOR THE T3 UNITS AT CROWN REGENCY BORACAY
Q&A Q1. How does the Condotel operation differ from Timeshares?
In timeshare, you only exercise a right to use the property and facilities for a certain period of
time. When you own a Unit in , you own a Preferred Stock Share in the company wherein your share/s is/are represented by a specific Condotel Unit. At the same time, since you own a Club Ultima membership, you have a vacation exchange privilege with Interval International.
Crown Regency Resort & Convention Center
Q2. Is the Preferred Stock Share certificate redeemable from the holder of such share to be replaced
by a title to the Unit? If so, when?
The Preferred Stock Share certificate, which represents ownership or title to the Condominium
Unit, shall be redeemed once. The title to the property, by the issuing company, is obtained with
individual title to each Condominium Unit issued and distributed to each shareholder. This is indicated in the Articles of Incorporation of the company.
Q3. How does the Condotel operate?
The Condotel will be managed and operated as a resort hotel. Subject to advance booking, Unit owners have priority use of their Condotel Units or an equivalent type for 45 days every year, for FREE. If the
usage will exceed 45 days, they will have to pay the member’s rate (30% discount from the
regular rate). Crown Regency Resort & Leisure Park Management Services, Inc.
Q4. Are there additional cost incurrence to be shouldered by the Unit owners upon enrolment in the Condotel operations?
Yes. An initial one time joining fee of Php30,000.00 per unit will be required to cover initial
Q5. What fees do we pay Crown Regency Resort & Leisure Park Management Services, Inc.
as Hotel Operator?
20% of net sales in exchange of the following:
• All salaries of Sales & Marketing and Reservation Staff except for promotional and advertising
• All expenses related to maintaining a Sales & Marketing office.
• All salaries of General Manager and Resident Manager.
• The Hotel Operator also guarantees to exchange the Unit owner’s unused 45-day FREE stay
in his Condotel with Crown Regency Hotels’ room nights nationwide, with no expiry date.
• As a premium responsibility to the Hotel Operator, if total expenses do not exceed 30% of net
sales, which shall result in a 50% gross operating profit before income tax, an additional 3% of
net income will be given as a bonus to the Hotel Operator.
Q6. Is the Unit owner required to source insurance by themselves in order to protect their investment?
Insurances are sourced by the Hotel Operator and are shouldered under operating cost covered
in the estimated 50% Hotel Operator’s share.
Q7. When will be the declaration of dividends?
Quarterly or semi-annually, as may be mutually agreed upon with the Unit owners.
Q8. What are the considerations in determining revenues and dividends for Unit owners?
In order to maximize returns and ensure cost efficiency for Unit owners, only room revenues and room
divisions related expenses are considered in the determination of income such as housekeeping,
laundry, front office, security, repairs & maintenance, utility, taxes, and insurance attributable only to
the Units. F&B income and its related expenses as F&B personnel, kitchen equipment, supplies,
utilities, taxes, and insurance are treated separately from and independent of the room divisions
expenses of each Condotel Units. This setup assures the Unit owners a cost efficient operation as room related expenses are easily controlled and managed.
Q9. How will dividends be paid to the Unit owner?
Dividends are payable in checks to be mailed to Unit owners or paid directly to the bank accounts of
Unit owners. Dividends will be in Peso currency. For foreign currencies, prior arrangement can be
made with the Hotel Operator on a case to case basis.
Q10. Are there any other Condominium Association dues?
None. All expenses are charged to the Hotel Operator and part of the operating cost covered in the
estimated 50% Hotel Operator’s share