PROJECT :
Name: Crown Regency Resort & Convention Center
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:
The largest swimming pool in Boracay (2,500 sq.m.)
1,200-person capacity Convention Center
Mermaid Performance Pool
Laundromat
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 Osmeña, Cebu Crown Regency Hotel in Makati (Sept. 2007) Crown Regency Resort Hotel West Boracay, Station 3 (June 2008)
PRODUCT:
381 fully furnished condotel units of the following classification:
Quantity Unit Type Equiv. Shares Appx. Area View
43 T1 with Loft 2 59 Ground (Garden View)
35 T2 with Loft 2 57.5 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).
Investors will purchase company stock share in Boracay Multiple Properties Developers, Inc. one(1) stock share is equivalent to one(1) condotel unit.
Unit are designed on a thirty (30) sq.m. (standard) or forty-five (45) sq.m. (with loft) equivalent to one (1) stock share.]
Units are all fully furnished with kitchen, TV and standard hotel amenities.
Investors will have the option to reside in their units or enroll in the condotel operations. For residing investors, they will have to pay administrative maintenance fees as in standard condotel operation.
For condotel enrollees, the administrative and maintenance fees will be deducted from gross income from Condotel Operations.
PRIVILEGES:
In order to give maximum benefits to the investors, the privileges in owning a unit are:
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.
The 45-day free stay could also be exchanged with 2,000 Interval International affiliated hotels & resorts worldwide. Check the website www.intervalworld.com
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)
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. If investor has paid less than 50% of the total contract value, investor receives 25% of the income due. If investor has paid 50% to 70% of the total contract value, investor receives 50% of the income due. If investor has paid 70% to 90% of the total contract value, investor receives 75% of the income due. 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:
1 Resell the unit at the open market.
2 Resell the unit to Fuente Traingle Realty Development Corp. at acquisition price.
3 Resell the unit to the open market through Fuente Traingle Realty Development Corp. for a minimal fee.
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.
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