An Investment Proposal. FOREIGNERS CAN BUY! 100% FOREIGN OWNERSHIP ALLOWED!
FULL OPERATION ON 2012
OWN A PIECE OF PARADISE, W/ INCOME GENERATION... Enjoy 45 Days Vacation, Plus 7 days at Boracay For Free Per Year - but still EARN at least 20% ROI per year
Area :450-Room Resort Condotel in an approximate area of 16,000 sq.m.
A PERFECT GATE AWAY AND A WISE INVESTMENT
FEATURES OF BORACAY *4 km long White Beach, for which Boracay is famed, as well as many other smaller beaches, International-standard 18-hole golf course *Shopping mall, department store *Hundreds of restaurants of many origins *Relaxing treatments in exclusive spas, massage in your own home or on the beach *All sortsof water sports offered by numerous facilities: scuba diving,kite boarding & wind surfing, parasailing, jet ski rentals and more *Delicatessen shops for special culinary desires *Clean wet market with fresh sea food *High-speed internet *Cable-TV with many international programs (incl. HBO,Star channels, Nat Geo, Discovery, CNN, BBC, ESPN and many more) *Nearly 30 daily jet and prop flights offered by several airlines from Manila and Cebu to Caticlan airport. *Vibrant, cosmopolitan nightlife:discos, bars, pageants and live performances.
BORACAYis known asTROPICAL PARADISE ISLAND, sorrounded by the finest powder whitesand beaches washed by crystal-clear water. It is part of Aklan province, located in Southern Visayas region in the Philippines.
Boracay Island has a total land area of 1000 hectares, ranked as one of the TOP TEN BEACHES OF THE WORLD latest survey.It is a major destination of tourists and visitors all over the world.The outstanding natural beauty has been carefully preserved, rise into picturesque gently green rolling hills, with elevation of 100 meters above sea level overlooking the sea, really a breathtaking,unbelievably magical Island.At night you are fortunate to be ideally located at the center of white beachfront, great scenic views, the beaches dotted with water sports outlets such as SCUBA DIVING,SAILBOATS ETC.
The Island center extends a natural invitation to hike or mountain bike its many trails, crisscrossing its gently hilly slopes, and one can enjoy a glimpses of far-off sandy coves fringed by palm trees. Theres the spectacular aquamarine waters fringed by talc-like sand on oneside,parade of shops, cozy bars, restaurants that offers local and international cuisine, discos, movie houses, hotels and resorts.
WALKING along the powdery white sand beaches that squeak when walked on, is a treat for the senses.So much more activities can be done like bike excursions, sailboat tours, horseback riding, jetskiing and scuba diving and for the GOLF lovers, It is here the FAIRWAYS BLUE WATER BORACAY RESORT & COUNTRY CLUB. it is a 131 hectares designed by ARNOLD PALMER & GARY PLAYER. It is an 18-hole golf course.
TOTALLY CONVENIENTLY SITUATED TO ALL THE MAIN ACTIVITIES. Boracay is on the brink of worldwide recognition which within the next five years will probably convert its current tranquility into the hub-bub of a major commercialized tourist venue.
BORACAYis the answer to the dreamer quest for a haven where serenity reigns supreme.Only 35 minutes flight from Manila and 50 minutes flight from Cebu City. Accessible by land,air and sea.
-THE ISLAND WELCOMES 400,000 local and foriegn visitors each year from all over the world. -According to the Department of Tourism, the island needs about 10,000 rooms but currently there are only 5,000 available. -2nd Quarter of 2004, the Kalibo airport started accepting international chartered flights from Korea and Taiwan. -Majority of Boracay foriegn tourists come from: Korea, USA, Germany, UK, China and Japan.
GETTING TO BORACAY Plane (PAL, CEBU PACIFIC AIR, ASIAN SPIRIT & SEAIR) Travel by air Kalibo/Caticlan is the fastest way to go Boracay from Manila or Cebu.
SEA FERRY Via Dumaguit thru Negros Navigation and WGA Superferry.Travel time is about 12 hours, however, upon reaching Dumaguit, you still have to travel about 1 and a half to 2 hours by land before reaching Caticlan jetty port.
LAND The cheapest way to Boracay is via roll off (RORO) trips to Panay Island. Daily Philtranco aircon or non-aircon buses leaveto Panay via Caticlan. From Manila via bus to Batangas pier,travel time is about 2 hours to 3 hours 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 Caticlan jetty port.
WHY INVEST? *Prestigious ownership of a Hotel Unit in a world-class tourist destination *Bundled with an exclusivefree CLUB ULTIMA MEMBERSHIP *Income generating Investment *Return of investment in 5 to 7 years and enjoying the privileges *Annual free night stay in all Crown Regency Hotels & Resorts and more than 2,900 Interval International affiliated Hotels & Resorts in world-wide
PROPOSAL: The developer is offering an Investment Proposal for Investors : -Opportunity to own a piece of Tropical Paradise in premier vacation capital of the Philippines through acquisition of a preferred stock shareownership representing a specific condotel unit.
* Condotel Unit ownership with free CLUB ULTIMA MEMBERSHIP.
* Hotel room nights privileges in any CROWN REGENCY HOTEL chain of hotels nationwide: Cebu, Davao, Makati, Mactan, Boracay.
* Access to world class facilities through INTERVAL INTERNATIONAL hotel exchange of more than 2,900 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.
-Capacity to earn bigger revenues in a growing industry. -Assured of a vacation home with a breathtaking panoramic views world’s best beaches even during peak season.
PROJECT : Name : Crown Regency Resort & Convention Center, Hotel Area 450-room Resort condotelin an approximate area of 16,000 sq.m *Location:Along the Main road with easy accessibility.-In front of BoracayTropics- Only a 3 minute leisure walk (5 meter wide brickflooring) to the beach *Safe, located near Boracay Police & Coast Guard station *Structure : Three and a half – storey high structures ( in clusters) Guest will have access to the best facilities. *Thelargest swimming pool in Boracay 2,800 sqm. with waterparks and slides, and wonderful lazy river. *Laundromat *Convention Center with a capacity for 1,800 pax *Food & beverage outlets *Mermaid performance Pool *Lush garden and an Aviary *Fitness gym
HOW TO GET TO CROWN REGENCY RESORT HOTEL CENTRAL BORACAY -Only 5 minutes away from Caticlan airport is the Crown Regency welcome center, our crew will be there to welcome and assist you.
CROWN REGENCY WILL TAKE YOU TO BORACAY ISLAND VIA ITS OWN 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 Osmeña, Cebu - Crown Regency Hotel in Makati (Sept. 2007) - Crown Regency Resort Hotel, West Boracay Station 3 (June 2008)
PRODUCT: - Available to foreigners or locals (Residents or non-residents) - Investors will purchase Share of Stocks in Boracay Multiple Properties Developers Inc where in one (1) share of Stock is equivalent to one (1) condotel unit. - Unit are in 30 sq.m (standard) which is equivalent to one (1) share or the 45 sq.m (with loft) which is equivalent to one and a half (1 ½) Share. - Units are all fully furnishes with kitchen, TV and standard hotel amenities. - Investors will have to enrolled in thecondotel operation. - For condotel enrollees, the administrative and maintenance fees will be off-setted against income from Condotel Operations.
PRIVILEGES: *In order to give benefits to the investors, we are oddering every year to the condotel enrollees a 45-day FREE STAY at the Resort plus 7-DAY FREESTAY 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 2,900 Interval International affiliated hotels & resorts worldwide. *the 45-day free stay can be converted to free stay privilege certificates at any of the CLUB ULTIMA. CROWN REGENCY HOTEL properties & other Off-site facilities with no expiry period on a one to one room night value. Or they could also exchange a 7 days of that 45 days free stay privileges in any of the 2,900 interval international affiliated hotels& resorts worldwide.
PAYBACK: *As an investor, (Php 6M investment has a 45 day FREE stay (with an option to sell or use) & a 320-day for enrollment in Condotel operations.
Let us compute the projected income based on the assumption of a P5,000.00 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 P5,000/day x P5,000/day x P5,000/day P1.28M P1.12M P0.96M Deduct approximately 50% as management fee, taxes incentive bonus Projected Net Income (Php 640,800) (Php 560,000) (Php 480,000) Anually
*At a very conservative assumption of 60% occupancy/year & P5,000/day still gives you a projected income of (P480,000) *Compared to bank deposit with a maximum of 5% interest, your (P6M) earns you only (P300,000) / year
*Bank Deposit VS Condotel Enrolment with an estimated annual interest with an assumption of 60%occupancy,and room rate of P5,000/day gives you (P480,000)
* Condotel Enrollees earn P480,000) 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
45-DAY FREE STAY / year with an option to sell or use worth (Based on an assumption of 4-star hotel rate of P5,000/day in Boracay, will worth Php 225,000.00
* An investor who sells their 45-day Free Stay on peak season gets more added incentives. *Investors could look forward to an estimated 5 year 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.
PROJECTED NET INCOME: P480,000.00 + Guaranteed Benefit: P225,000.00 An Investor can get an estimated total of P705,000/year
-If the Investor does not want the projected in come, then the RENTAL POOL MANAGEMENT will pay him a fix income of 8% of his investment per year within 15 years. ______________________________________ Unit T1 (Ground Garden View) 59 sqm with Loft Projected Room Rate/night = P11,000.00 Pro-Rata Share = 2.2
Unit T2 (Ground Pool View) 57.5 sqm with Loft Projected Room Rate/night = P12,500.00 Pro-Rata Share = 2.5
Unit T3 2nd & 3rd floor (Garden View) 33.50 sqm to 34.50 sqm Projected Room Rate/night = P5,000.00 Pro-Rata Share = 1.0
SPECIAL UNITS (Deck) (Pool View) 52 to 81 sqm Projected Room Rate/night = P15,000.00 Pro-Rata Share = 3.0
* The bigger the investment the higher the returns. Investor 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.
IF HOTEL OPENS BEFORE PAYMENT IS COMPLETE, THE INVESTOR WILL RECEIVE PERCENTAGE OF INCOME SHARE BASE ON THE PAYMENTS HE MADE: -Less than 50% payment, will receive 25% of the income due -50.01 to 70% payment, will receive 50% of the income due -70.01% to 90% payment, will receive 75% of the income due -90.01% to 100% payment, will receive 100% of the income due.
# 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 Traingle Realty Development Corp. at acquisition price. * Resell the unit to the open market through Fuente Traingle Realty Development Corp. for a minimal fee.
SUMMARY *If enrolled in Condotel operations, enrollees will earn in a year an estimate of P480,000 as againts bank investment of P300,000. only enrollees earn MORE THAN BANK INVESTMENT.
REMINDERS: 1)A joining fee of P30,000 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
2) Condotel will be managed by the Crown Regency Hotel Chain
3).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 45days, they will have to pay the member's rate (30% discount from regular rate).
4)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.
6)Only minor repairs shall be shouldered by the condotel operator. 7)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) yrs.
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 where in 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. Number of Days : 320 days Rates :100 USD(others at even lower standard at Boracay charges as high as110 USD to130 USDO ccupancy Rate : 60% (most conservative rate)ROI :20% to 25% Payback period :You can get your money back on or before 5years.
PROMOTION: *45-DAY FREE STAY, vacation is ideal for foriegners 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.
*Friends can also recommend their friends to buy units in their clusters so they can have their vacation together or take turns of using their units for their own family vacation on different seasons.
PAPERWORKS : - Investors will receive a Contract of Stock purchase when buying into the investments. - When payment is fully paid, investors will receive a Deed of Absolute Sale and followed a Stock certificate - Share of Stocks can only be resold when fully paid - No Capital Gains tax involved.
381 fully furnished condotel units of the following classification: 1) T1 w/ loft---59 sqm (2 shares)----GROUND GARDEN VIEW
2) T2 W/ LOFT--57.5 sqm (2 shares)---GROUND POOL VIEW
3) T3 --33.5 sqm to 34.5 (1 share) --2nd to 3rd GARDEN VIEW
4) T4 ---33.5 sqm to 34.5 (1share) ---2nd to 4rd POOL VIEW
5) T4A ---- 41.5 sqm (1 share) ---2nd to 3rd POOL VIEW
6) SU -----50 TO 90 sqm (3 shares) ----DECK
* Resort has six (6) glass elevators to cover all floors. * Philippine and Foreign Nationals are eligible (Residents or non-residents).
DISCOUNTS:10% discount for Cash payment, 7% disc.(based on downpayment) if downpayment is paid outright or 5% if down payment is paid within 30 daysfrom reservation.
PRICING: APRIL 2013
UNIT TYPE UNIT T1 Ground Floor Garden View 59 sqm w/ Loft Cash Payment =P9.9M Installment Price = P10.5M
UNIT T2 Ground Floor Pool View 57.50 sqm w/ Loft Cash Payment =P10.5M Installment Price = P11M UNIT T3 2nd & 3rd Floor Garden View 33.5 to 34.5 sqm. Cash Payment =P6.5M Installment Price = P7M UNIT T4 2nd & 3rd Floor Pool View 33.5 to 34.5 sqm. Cash Payment =P6.7M Installment Price =P7.2M
UNIT T4A 2nd & 3rd Floor Pool View 41.5 sqm. Cash Payment =P7.5M Installment Price =P7.8M
Special Units PENTHOUSE (T5 Units) (Pool View) 52 to 81 sqm Cash Payment =10% DISCOUNT Installment =P170,000/sqm
MODES OF PAYMENT: -Reservation Fee= P100,000 -30%, 40%,50% downpayment, balance payable in 12 months no interest P30,000 Joining Fee NOTES:
Reservation deposit of Php 100,000.00 is part of the down payment;
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;
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 total 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 2,900 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
Notes: All payables shall be covered by post dated checks.
LIFETIME MEMBER BENEFITS AND PRIVILEGES:
1) Free yearly room nights (1,7,14 & 21 nights) depending membership category at any CROWN REGENCY HOTELS at Cebu, Guadalupe, Mactan & Davao, Makati&Boracay. Canbe applied at any 2,100 hotels of INTERVAL INTERNATIONAL worldwide.
2)Free use of Gym, Swimming Pool, Snooze Lounge, Library, Viewing Deck at 23rd floor, and other facilities at CLUB ULTIMA TOWER & CROWN REGENCY HOTELS.
3) 30% discount on all hotels rooms of CROWN REGENCY chain of hotels worldwide.
4)30%-50% discount on any of the sports facilities like Badminton,Gym,Boxing,Wall Climbing, basketball, Volleyball & all other sports facilities at Metrosports Lahug & Mactan, Club Ultima Tower.
5) 30% - 50% discount on all SPA, WELLNESS SERVICES AT REGENCY SPA.
6) 10% - 50% discount on all services at Osmena Tower 2.
7) 50% - 100% CLUB ULTIMA MEMBERSHIP apreciation of prices once allowed to resale after 2 years, holding period.
GROUND FLOOR Unit 001 to Unit 014--59 sqm--P10.5M GARDEN VIEW T1 WITH LOFT
GROUND FLOOR Unit 004 to Unit 015--57.50 sqm--P11M POOL VIEW T2 W/ LOFT
SECOND & THIRD FLOOR Unit L2001 to Unit 2075--33.50,34.50 sqm--P7M Unit AD-2154 to Unit 2071--33.50 sqm--P7M GARDEN VIEW T3 STUDIO TYPE
SECOND FLOOR Unit 2077 to Unit 2043--33.50 sqm--P7M Unit AD2136 to Unit AD2163--33.50 sqm GARDEN VIEW T3 STUDIO TYPE
SECOND FLOOR Unit L2026 to L2044--33.50 SQM--P7.2M POOL VIEW T4 STUDIO TYPE
SECOND FLOOR Unit 2131 to Unit 3028--41.50 sqm--P7.8M POOL VIEW T4 STUDIO TYPE
SPECIAL UNIT - PENTHOUSE W/ GARDEN& JACUZZI Unit 3001--73 sqm--Garden View--P12,410,000 Unit 3009--68 sqm--Garden View--P11.560,000 Unit 3019--72 sqm--Garden View--P12.240,000 Unit 3023--81 sqm--Garden View--P13,770,000 Pool ViewUnits
RESALE UNIT (Cash payment Only) Prices here are below market value Unit T4L-2068--- P6.3M (this is current cash price minus approx 100K), prevailing is 7.2 (includes membership) (included in condotel program, already making income and 45 days free stay per year)