CLICK THE INSIDE PERSPECTIVE BELOW TO ENLARGE
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CLICK THE UNIT LAYOUT BELOW TO ENLARGE |
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382 Fully Furnished condotel units with the following classification:
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Quantity |
Unit Type |
Equivalent Shares |
Approximate Area (SQM) |
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 |
3rd Pool view |
34 |
SU |
3 |
50 to 70 |
Deck |
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CLICK THE FLOOR PLANS BELOW TO ENLARGE
- 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.
PRIVILEGES:
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.
| PRICING SCHEME |
UNIT 1 Ground Garden view 51.5 sqm with loft |
UNIT 2 Ground Pool view 59 sqm with lot |
UNIT 3, 2nd Floor Garden view 33.5 to 34.5 sqm
|
Unit T4 2nd Floor Pool view 33.5 to 34.5 sqm |
Unit T4A 3rd floor Pool view 41.4 sqm |
| 100% cash |
6.9 M |
7.5 M |
3.3. M |
3.7 M |
4.5 M |
| 50% DP, 50% 12 months installment |
7.0 M |
7.6 M |
3.4 M |
3.8 M |
4.6 M |
| 40% DP, 60% 12 months installment |
7.1 M |
7.7 m |
3.5 M |
3.9 m |
4.7 M |
| 30% DP, 70% 12 months installment |
7.2 M |
7.8 M |
3.6 M |
4.0 M |
4.8 M |
| 20% DP, 80% 12 months installment |
7.3 M |
7.9 M |
3.7 M |
4.1 M |
4.9 M |
| 10% DP. 90% 12 months installment |
7.4 M |
8.0 M |
3.8 M |
4.2 M |
5.0 M |
| No Down Payment, 12 months installment |
7.5 M |
8.1 M |
3.9 M |
4.3 M |
5.1 M |
| 10% DP, 90% 15 months installment |
7.6 M |
8.2 M |
4.0 M |
4.4 M |
5.2 M |
| 10% DP. 90% 18 months installment |
7.7 M |
8.3 M |
4.1 M |
4.5 M |
5.3 M |
| 10% DP, 90% 24 months installment |
7.8 M |
8.4 M |
4.2 M |
4.6 M |
5.4 M |
| 10% DP, 90% 30 months installment |
7.9 M |
8.5 M |
4.3 M |
4.7 M |
5.5 M |
PAYBACK: As an investor, your US $68,000 (Php3.3M) investment has a 45-day Free stay (with an option to
sell or use) and a 320 day for enrolment in condotel operations. Let us compute the projected income based on the assumption
for a $100 room rate per day and at different occupancy rates:
320 days, 80% occupancy |
320 days, 70% occupancy |
320 days, 60% occupancy |
256 days X $100/day |
224 days X $100/day |
192 days X $100/day |
$25,600 |
$22,400 |
$19,500 |
Deduct approximate 50% management fee, taxes |
Deduct approximate 50% management fee, taxes |
Deduct approximate 50% management fee, taxes |
$12,800/year Income |
$11,200/year Income |
$9,600/year Income |
Php 620,800/year |
Php 543,200/year |
Php 465,600/year |
In addition to the projected income, investors have their 45-day Free stay guaranteed benefit when they have the option
to sell... 45-day annual Free stay is worth $4,500 (Php 218,250). Investors can easily sell their 45-day Free stay to travel
agencies especially during the peak season. Projected Net Income $9,600 (Php 465,600) plus $4,500 (Php218,250). An investor
gets an estimated total of $14,100 (Php 683,850 per year)
|
Unit T1 57.5 sqm |
Unit T2 59.0sqm |
Unit T3 33.5 sqm |
Unit T4 34.5 sqm |
Unit T4A 41.5 sqm |
Special Unit 60 to 70 sqm |
Project room rate/night |
$250 |
$220 |
$100 |
$120 |
$150 |
$300 |
Pro-rata share |
2.5 |
2.2 |
1.0 |
1.2 |
1.5 |
3 |
The bigger the investment, the higher the returns. Investors could look forward to a full return of investment while enjoying
the good life in Boracay and the privileges and benefits of being a member of Club Ultima and in all of its off-site facilities
through the Crown Regency Hotel Chain.
Existing Club Ultima members get a Php 300,000 discount from the existing price. Discount applies to only one (1) unit.
Members with one (1) room night privilege must upgrade to seven (7) room night privilege to avail of the member's price. For
non-members, price includes Club Ultima membership with 7 Free room nights with option to enroll with Interval International.
If hotel opens before payment is complete:
- For 15 months installment scheme, 50% share of profit
- For 18 months installment scheme, 40% share of profit
- For 24 months installment scheme, 30% share of profit
- For 30 months installment scheme, 20% share of profit
FREQUENTLY ASKED QUESTIONS:
- Who will operate the condotel upon commercialization. A. Condotel will be managed by the Crown Regency
Hotel Chain.
- 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 member's rate (30% discount from the regular rate). Owners who do not choose to
enroll their units under condotel operations may use their units as vacation home or for residential purpose.
- If the unit owner decides not to enroll his unit under the condotel operations, will the unit owner be charged with association
dues? A. Yes, the unit owner will be charged with monthly association dues which will be determined later
by the operator.
- Are there association dues for unit owners who enrolled in the condotel operations? A. There are no association
dues for units enrolled under condotel operations.
- 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 and 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.
- Are repairs shouldered by the condotel operations? A. Only minor repairs shall be shouldered by the condotel
operator.
- What is the minimum period of the condotel enrollment. A. Upon turn over of the unit, the unit owner
may immediately enrol with the operator. The minimum period a unit can be enrolled is 3 years.
- 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. (BMPDI),
you own a share in the Company wherein your ownership of a share is evidenced by stock certificate that makes you a unit owner
and a stockholder of BMPDI.
ABOUT BORACAY ISLAND:
Boracay is located at the northwestern tip of Panay, this small island has become
the number one tourist destination of the Philippines. The island, roughly shaped like a dumb-bell, is 7 km. long and
the narrowest spot is nearly 1 km. wide. With approximately 6,000 inhabitants Boracay belongs to the municipality of Malay
in Aklan province and consists of three communities locally called "barangay" Yapak in the north, Balabag in the
center, and Manoc-Manoc in the south. The north and the south are hilly with elevations up to 100m above sea level, and
is suited for extensive hiking trips. Numerous intertwining paths and trails may sometimes lead through tropical jungle and
link the small villages of the island with each other.
The best part of the island is its 4 km. White Beach, also called long beach by the locals which is the main attraction
of the entire Boracay Island. It is situated at the west coast between the villages of Angol and Balabag,
and some experienced travellers claim it to be the finest beach of all Asia. The water is shallow here, and its sand brighter
and finer than most beaches in the archipelago. There are about 350 Boracay Islands beach resorts with
2000 rooms to suit virtually everyone's taste. There is accommodation of all types and price categories. Restaurants range
from the native fastfood stalls to establishments that would satisfy even a gourmet. You can find beer joints as well as
discos with amazing light and sound equipment. to make sure you have your Boracay hotel on the beach to maximize
your enjoyment of Boracay beaches. |
