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- ₱4,000,000
- Investment
- Rent
- Bolacan
Philippines
CHECK IF AVAILABLE
CHECK IF AVAILABLE
Crown Regency Boracay offers you an exciting opportunity to own a
Condotel unit in its new Hotel that start construction last November 2007 in the World Famous Boracay Island Beach. Crown
Regeny Boracay is being Developed by Fuente Triangle Development Corp, owned by J.K and Sons Company. Owner and Hotel
Operator of Crown Regency Cebu and Davao which are enjoying 80% occupancy rates because of its superb Convention Facilities.
Crown Regency Boracay will showcase the Biggest Convention Center with 1,200 capacity and the Largest Swimming Pool with 2,
500 s.q. area in Island. This is a surefire investment for you. Only 382 units, and 50 has already been reserved. UNIT STARTS
AT P4M for single level up to P 7.5 M for LOFT units. All comes FULLY FITTED and FULLY FURNISHED! Cash buyers awaits
Discounts and PLUS a one time 45 DAYS FREE signing BONUS!
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)
VS
Condotel 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
Boracay
Projected 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)
59 sqm
with Loft Unit T2
Ground
(Pool View)
57.5 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.
Upon
operation of the condotel, investors will receive percentage of income based on the payments made to the total contract
value.
o If investor has paid less than 50% of the total contract value, investor receives 25% of the income due.
o If investor has paid 50% to 70% of the total contract value, investor receives 50% of the income due.
o If
investor has paid 70% to 90% of the total contract value, investor receives 75% of the income due.
o If investor
has fully paid the total contract value, investor receives the full income due him.
Buy-back Program
5 years after
condotel operations, investors can have the following options:
o Resell the unit at the open market.
o
Resell the unit to Fuente Traingle Realty Development Corp. at acquisition price.
o Resell the unit to the open market
through Fuente Traingle Realty Development Corp. for a minimal fee.
Subject: HAVE A 45-DAYS VACATION IN
BORACAY & other hotel here & abroad EVERY YEAR AND STILL EARN!!!
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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 Osmeρa, 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 intervalworld
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 intervalworld
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 crownregency or clubultima
The 45-
day free stay could also be exchanged with 2,000 Interval International affiliated hotels & resorts worldwide. Check the
intervalworld
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)
VS
Condotel 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 Boracay
Projected 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.
Promotion
Boracay
is a haven of natural beauty and splendor uniquely on its own- And Crown regency Group of Hotels has captured this ambience
in the island by integrating the elements of Earth, Fire, Water, and Wind in the master planning of the four (4) resorts.
Well-planned promotions and expertise of the hotel operator and their marketing channels will ensure a high occupancy and
ultimately high investor returns.
The Calmness of Water
Crown Regency Resort & Convention Center. A resort experience
at your doorstep, lavishing the luxury of peace and stillness of the waters. Centrally located in Station 2 with 3 minutes
walk to the long beach and 5 minutes walk to Bolabog beach, the resort s biggest swimming pool in the Island, its lush
landscaped garden, fascinating & innovative facilities and amenities, is singularly unique,exciting and a fullfilling Boracay
experience.
The Passion of Fire
Crown Regency Resort. At the station 3 beachfront. The 40-unit resort owes its design
inspired by a sun drenched island, a beautiful view of the sunset, creating an amazing display of amber hues exemplifying the
passion of fire. It has an infinity pool at the deck and a conference room with capacity for 80 people. Essences of the fire
element are shown in patterns of sunshine as streaks of sunlight penetrate the warm and vibrant interiors of the
resort.
The Strength of Earth
Crown Regency Prince Resort. Strategically located at station 1 at the crossings of the
main road & the road leading to Bolabog beach. This 19th-century inspired resort is a structure of stone and hardwood
highlighting the stability and solidity of the Mother Earth. This boutique hotel is a good medium of gracious hospitality,
warm service and the pleasure of a carefree vacation. It has 24 earth inspired rooms, coffee shop, convenience stores and
other specialty shops.
The Freedom of Wind
Crown Regency Bayview Resort. Located at one end of the Bolabog beach cove.
This resort brings the element of Wind on its modern design of glass walls and chrome interiors. Associated to a new day and
a freedom for new experiences, the element of Wind is felt from the generous amount of light and view from your doorstep as
you feel the peaceful trade winds blow offshore and the topaz blue waters of Boracay beaches dancing from your bedroom
window. A sense of freedom awaits you here, to touch to inhale and to experience freedom where the wind blows.
All
Under One Destination... Soon!
Paperwork
Investors signs a purchase agreement to acquire a
preferred stock share from Fuente Triangle Realty Development, Corp. representing a specific condotel unit.
Upon full payment of unit, investors receive a fully-paid preferred stock share certificate.
Preferred stock
share certificate can only be resold when unit is fully paid
Purchase Agreement:
The condotel unit Purchase Agreement
for Crown Regency Resort & Convention Center is irrevocable upon signing. A reservation deposit of One Hundred Thousand Pesos
(P100K) payable to Fuente Triangle Realty Development Corporation is required upon signing. The balance is subject to the
agreed terms of payment to be completed within thirty (30) days. Cash Payments are also given thirty (30) days to
complete.
Failure to meet final payment at the time agreed upon in the Purchase Agreement results to the forfeiture of the
deposit made unless acceptable arrangements are agreed upon. (Refer to section 8 of Contract to Sell)
Frequently
Asked Questions
Q1.How does the Condotel operation differ from Timeshares?
A1. 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 Crown Regency Resort & Convention
Center, you own a preferred stock share in the company wherein your share/s is represented by a specific condotel unit. At
the same, since you own a club ultima membership you have a vacation exchange privilege with Interval International.
Q2.
Is the Preferred Stock Certificate redeemable from the holder of such share to be replaced by a title to the unit? If so,
when?
A2. The preferred Stock Certificate 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?
A3. Condotel will be managed & operated by the Crown Regency Resort & Leisure Park Management Services,
Inc. 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 regular rate).
Q4. Are there additional cost incurrences to be shouldered by the unit owner upon enrollment
in the condotel operations?
A4. Yes, an initial one time joining fee of Php 30,000 / unit will be required to cover
initial operating expenses.
Q5. What fees do we pay Crown Regency Resort & Leisure Park Management Services, Inc. as
hotel operator?
A5. 20% of net sales in exchange for the following:
All salaries of sales & marketing and
reservation staff except for promotional and advertising collaterals
All expenses related in maintaining a
sales & marketing office.
All salaries of general managers & resident managers.
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 period.
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?
A6.No, insurances are sourced by the hotel operator and are shouldered under
operating costs covered in the estimated 50% hotel operators share.
Q7. Can a unit owner live in their property full
time?
A7. No, this project is for investors only. You are required to enroll in the condotel operations for a minimum of
ten (10) years with further option available to the operator which he is likely to invoke to extend the term on expiry
subject to mutual agreement as per majority vote of the unit owners` association.
Q8. When is the declaration of
dividends?
A8. Quarterly or semi-annualy, as may be mutually agreed upon with the unit owners.
Q9. What are the
considerations in determining revenues & dividends for unit owners?
A9. 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 and maintenance, utility , taxes, and insurance
attributable only to the units. F & B income and its related expenses such as F & B personnel, kitchen equipment, supplies,
utilities, taxes, and insurance are treated separately from and independent of the room division expenses of each condotel
units.
This set-up assures the unit owners a cost efficient operation as room related expenses are easily controlled and
managed.
Q10. How will dividends be paid to the unit owner?
A10. 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.
Q11. Are there any other condominium
association dues?
A11. None. Since all expenses are charged to hotel operator and part of operating cost covered in the
estimated 50% hotel operator`s share.
Q12. What is Unit Owners Association?
Q12. Unit owners association is organized
to provide financial, operational and property management of the condotel units. The association needs to elect board
officers to make sure that the unit owner s interests are protectedand their units well managed.
Q13. Will there be a unit
owners association?
A13.Yes. All unit owners are automatically members of the unit owners association and shall elect
among themselves a board of trustees to formulate policies and implement the rules and regulations of the association.
The
board will be composed of nine (9) members to be elected from among the shareholders whose qualifications and voting rights
are defined in the by laws of the association to be adapted by the members.
Q14. Will the unit owner still earn if his
unit was not rented?
A14. Yes. Unit owners will still receive quarterly income based on the type of unit regardless of
whether the unit was rented or not. This is because condotel operator will pool together its entire total income from rental
operations and distribute this to unit owners as dividends according to the pro-rata percentage sharing on unit types. Income
will come from room revenue less room division expenses.
Q15. Who will shoulder the repairs and maintenance of unit?
A15. Minor and Major repairs are shouldered by the hotel operator and chargeable to and part of operating cost covered in
the estimated 50% hotel operator`s share.
Q16. Can a unit owner use his 45-free stay in another Crown Regency Resort in
Boracay?
A16. Yes, he can. Only on a one to one room night basis.
Q17. Is there any benefit if the unit owner does not
use his free stays on peak season?
A17. Yes, he individually not pooled, receives bonus on those days equivalent to room
rate difference on regular days.
Q18. Can a unit owner upgrade his free stay to a different unit category?
A18. Yes,
unit owner s free stay is upgradeable but has to pay the price difference in room rates.
Q19. When do the unit owner gets
his 45-day free stay benefit?
A19. The 45-day free stay commences at the start of every fiscal year. This will be
distributed to the unit owner in terms of certificates where they are entitled to priority in booking even on peak seasons
provided availment of the 45-day free stay is exercised and availed of by negotiating in advance in the use of the
unit.
Q20. Can a unit owner use his 45-free stay for more than one unit at the same duration?
A20. Yes, he can.
Provided that it would be the same unit type. For example, if an owner will stay in the resort for a week and he`ll rent
another unit for his friend. He will consume a total of 14 days for that week, chargeable to his 45-day free stay.
Q21.
What if the Unit Owner was not able to use the 45-day benefit?
A21. 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 2,000 Interval International affiliated hotels & resorts worldwide. Advance
booking and registration required subject to Interval International rules, regulations and fees. ( .intervalworld )
Q22.
Can a unit owner who has made an initial booking to use its 45-day free night stay but who eventually cancels it and make a
new booking dates to use his room unit be allowed?
A22. Yes, provided the notice of cancellation is made two (2) weeks in
advance but the new booking dates subject to availability of room units. This is because all the pooled room units are
blocked and rented on a day to day basis by guests of the hotel condominium facility, hence, advance booking is necessary.
PROJECT PORTFOLIO
Imagine Living in the Landmark of Excellence...
Ultima Residences Fuente and Ramos Towers
are an entirely new way to experience downtown living where you ll find an irresistible combination of lifestyle, value,
convenience, and comfort. It is designed to enrich your quality of life while maintaining the charm of a real community.
Imagine your downtown residence with private security, and access to an exclusive suburban club and International hotel.
Imagine elegant residences with convenient access to everything that the Fuente area has to offer for your family and
lifestyle.
AVAIL NOW!
Anginett C. Borja
Contact Nos. 00639194827899 / 00639223648798
Condotel unit in its new Hotel that start construction last November 2007 in the World Famous Boracay Island Beach. Crown
Regeny Boracay is being Developed by Fuente Triangle Development Corp, owned by J.K and Sons Company. Owner and Hotel
Operator of Crown Regency Cebu and Davao which are enjoying 80% occupancy rates because of its superb Convention Facilities.
Crown Regency Boracay will showcase the Biggest Convention Center with 1,200 capacity and the Largest Swimming Pool with 2,
500 s.q. area in Island. This is a surefire investment for you. Only 382 units, and 50 has already been reserved. UNIT STARTS
AT P4M for single level up to P 7.5 M for LOFT units. All comes FULLY FITTED and FULLY FURNISHED! Cash buyers awaits
Discounts and PLUS a one time 45 DAYS FREE signing BONUS!
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)
VS
Condotel 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
Boracay
Projected 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)
59 sqm
with Loft Unit T2
Ground
(Pool View)
57.5 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.
Upon
operation of the condotel, investors will receive percentage of income based on the payments made to the total contract
value.
o If investor has paid less than 50% of the total contract value, investor receives 25% of the income due.
o If investor has paid 50% to 70% of the total contract value, investor receives 50% of the income due.
o If
investor has paid 70% to 90% of the total contract value, investor receives 75% of the income due.
o If investor
has fully paid the total contract value, investor receives the full income due him.
Buy-back Program
5 years after
condotel operations, investors can have the following options:
o Resell the unit at the open market.
o
Resell the unit to Fuente Traingle Realty Development Corp. at acquisition price.
o Resell the unit to the open market
through Fuente Traingle Realty Development Corp. for a minimal fee.
Subject: HAVE A 45-DAYS VACATION IN
BORACAY & other hotel here & abroad EVERY YEAR AND STILL EARN!!!
.youtube /watch?v=ukd-M39Mvnw
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 Osmeρa, 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 intervalworld
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 intervalworld
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 crownregency or clubultima
The 45-
day free stay could also be exchanged with 2,000 Interval International affiliated hotels & resorts worldwide. Check the
intervalworld
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)
VS
Condotel 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 Boracay
Projected 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.
Promotion
Boracay
is a haven of natural beauty and splendor uniquely on its own- And Crown regency Group of Hotels has captured this ambience
in the island by integrating the elements of Earth, Fire, Water, and Wind in the master planning of the four (4) resorts.
Well-planned promotions and expertise of the hotel operator and their marketing channels will ensure a high occupancy and
ultimately high investor returns.
The Calmness of Water
Crown Regency Resort & Convention Center. A resort experience
at your doorstep, lavishing the luxury of peace and stillness of the waters. Centrally located in Station 2 with 3 minutes
walk to the long beach and 5 minutes walk to Bolabog beach, the resort s biggest swimming pool in the Island, its lush
landscaped garden, fascinating & innovative facilities and amenities, is singularly unique,exciting and a fullfilling Boracay
experience.
The Passion of Fire
Crown Regency Resort. At the station 3 beachfront. The 40-unit resort owes its design
inspired by a sun drenched island, a beautiful view of the sunset, creating an amazing display of amber hues exemplifying the
passion of fire. It has an infinity pool at the deck and a conference room with capacity for 80 people. Essences of the fire
element are shown in patterns of sunshine as streaks of sunlight penetrate the warm and vibrant interiors of the
resort.
The Strength of Earth
Crown Regency Prince Resort. Strategically located at station 1 at the crossings of the
main road & the road leading to Bolabog beach. This 19th-century inspired resort is a structure of stone and hardwood
highlighting the stability and solidity of the Mother Earth. This boutique hotel is a good medium of gracious hospitality,
warm service and the pleasure of a carefree vacation. It has 24 earth inspired rooms, coffee shop, convenience stores and
other specialty shops.
The Freedom of Wind
Crown Regency Bayview Resort. Located at one end of the Bolabog beach cove.
This resort brings the element of Wind on its modern design of glass walls and chrome interiors. Associated to a new day and
a freedom for new experiences, the element of Wind is felt from the generous amount of light and view from your doorstep as
you feel the peaceful trade winds blow offshore and the topaz blue waters of Boracay beaches dancing from your bedroom
window. A sense of freedom awaits you here, to touch to inhale and to experience freedom where the wind blows.
All
Under One Destination... Soon!
Paperwork
Investors signs a purchase agreement to acquire a
preferred stock share from Fuente Triangle Realty Development, Corp. representing a specific condotel unit.
Upon full payment of unit, investors receive a fully-paid preferred stock share certificate.
Preferred stock
share certificate can only be resold when unit is fully paid
Purchase Agreement:
The condotel unit Purchase Agreement
for Crown Regency Resort & Convention Center is irrevocable upon signing. A reservation deposit of One Hundred Thousand Pesos
(P100K) payable to Fuente Triangle Realty Development Corporation is required upon signing. The balance is subject to the
agreed terms of payment to be completed within thirty (30) days. Cash Payments are also given thirty (30) days to
complete.
Failure to meet final payment at the time agreed upon in the Purchase Agreement results to the forfeiture of the
deposit made unless acceptable arrangements are agreed upon. (Refer to section 8 of Contract to Sell)
Frequently
Asked Questions
Q1.How does the Condotel operation differ from Timeshares?
A1. 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 Crown Regency Resort & Convention
Center, you own a preferred stock share in the company wherein your share/s is represented by a specific condotel unit. At
the same, since you own a club ultima membership you have a vacation exchange privilege with Interval International.
Q2.
Is the Preferred Stock Certificate redeemable from the holder of such share to be replaced by a title to the unit? If so,
when?
A2. The preferred Stock Certificate 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?
A3. Condotel will be managed & operated by the Crown Regency Resort & Leisure Park Management Services,
Inc. 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 regular rate).
Q4. Are there additional cost incurrences to be shouldered by the unit owner upon enrollment
in the condotel operations?
A4. Yes, an initial one time joining fee of Php 30,000 / unit will be required to cover
initial operating expenses.
Q5. What fees do we pay Crown Regency Resort & Leisure Park Management Services, Inc. as
hotel operator?
A5. 20% of net sales in exchange for the following:
All salaries of sales & marketing and
reservation staff except for promotional and advertising collaterals
All expenses related in maintaining a
sales & marketing office.
All salaries of general managers & resident managers.
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 period.
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?
A6.No, insurances are sourced by the hotel operator and are shouldered under
operating costs covered in the estimated 50% hotel operators share.
Q7. Can a unit owner live in their property full
time?
A7. No, this project is for investors only. You are required to enroll in the condotel operations for a minimum of
ten (10) years with further option available to the operator which he is likely to invoke to extend the term on expiry
subject to mutual agreement as per majority vote of the unit owners` association.
Q8. When is the declaration of
dividends?
A8. Quarterly or semi-annualy, as may be mutually agreed upon with the unit owners.
Q9. What are the
considerations in determining revenues & dividends for unit owners?
A9. 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 and maintenance, utility , taxes, and insurance
attributable only to the units. F & B income and its related expenses such as F & B personnel, kitchen equipment, supplies,
utilities, taxes, and insurance are treated separately from and independent of the room division expenses of each condotel
units.
This set-up assures the unit owners a cost efficient operation as room related expenses are easily controlled and
managed.
Q10. How will dividends be paid to the unit owner?
A10. 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.
Q11. Are there any other condominium
association dues?
A11. None. Since all expenses are charged to hotel operator and part of operating cost covered in the
estimated 50% hotel operator`s share.
Q12. What is Unit Owners Association?
Q12. Unit owners association is organized
to provide financial, operational and property management of the condotel units. The association needs to elect board
officers to make sure that the unit owner s interests are protectedand their units well managed.
Q13. Will there be a unit
owners association?
A13.Yes. All unit owners are automatically members of the unit owners association and shall elect
among themselves a board of trustees to formulate policies and implement the rules and regulations of the association.
The
board will be composed of nine (9) members to be elected from among the shareholders whose qualifications and voting rights
are defined in the by laws of the association to be adapted by the members.
Q14. Will the unit owner still earn if his
unit was not rented?
A14. Yes. Unit owners will still receive quarterly income based on the type of unit regardless of
whether the unit was rented or not. This is because condotel operator will pool together its entire total income from rental
operations and distribute this to unit owners as dividends according to the pro-rata percentage sharing on unit types. Income
will come from room revenue less room division expenses.
Q15. Who will shoulder the repairs and maintenance of unit?
A15. Minor and Major repairs are shouldered by the hotel operator and chargeable to and part of operating cost covered in
the estimated 50% hotel operator`s share.
Q16. Can a unit owner use his 45-free stay in another Crown Regency Resort in
Boracay?
A16. Yes, he can. Only on a one to one room night basis.
Q17. Is there any benefit if the unit owner does not
use his free stays on peak season?
A17. Yes, he individually not pooled, receives bonus on those days equivalent to room
rate difference on regular days.
Q18. Can a unit owner upgrade his free stay to a different unit category?
A18. Yes,
unit owner s free stay is upgradeable but has to pay the price difference in room rates.
Q19. When do the unit owner gets
his 45-day free stay benefit?
A19. The 45-day free stay commences at the start of every fiscal year. This will be
distributed to the unit owner in terms of certificates where they are entitled to priority in booking even on peak seasons
provided availment of the 45-day free stay is exercised and availed of by negotiating in advance in the use of the
unit.
Q20. Can a unit owner use his 45-free stay for more than one unit at the same duration?
A20. Yes, he can.
Provided that it would be the same unit type. For example, if an owner will stay in the resort for a week and he`ll rent
another unit for his friend. He will consume a total of 14 days for that week, chargeable to his 45-day free stay.
Q21.
What if the Unit Owner was not able to use the 45-day benefit?
A21. 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 2,000 Interval International affiliated hotels & resorts worldwide. Advance
booking and registration required subject to Interval International rules, regulations and fees. ( .intervalworld )
Q22.
Can a unit owner who has made an initial booking to use its 45-day free night stay but who eventually cancels it and make a
new booking dates to use his room unit be allowed?
A22. Yes, provided the notice of cancellation is made two (2) weeks in
advance but the new booking dates subject to availability of room units. This is because all the pooled room units are
blocked and rented on a day to day basis by guests of the hotel condominium facility, hence, advance booking is necessary.
PROJECT PORTFOLIO
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Ultima Residences Fuente and Ramos Towers
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Anginett C. Borja
Contact Nos. 00639194827899 / 00639223648798
Crown Regency Boracay offers you an exciting opportunity to own a
Condotel unit in its new Hotel that start construction last November 2007 in the World Famous Boracay Island Beach. Crown
Regeny Boracay is being Developed by Fuente Triangle Development Corp, owned by J.K and Sons Company. Owner and Hotel
Operator of Crown Rege...
Condotel unit in its new Hotel that start construction last November 2007 in the World Famous Boracay Island Beach. Crown
Regeny Boracay is being Developed by Fuente Triangle Development Corp, owned by J.K and Sons Company. Owner and Hotel
Operator of Crown Rege...
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