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Getting to Boracay
Plane (Air Philippines, Cebu Pacific, Zest Air and SEAIR)
The nearest domestic airport to the island of Boracay is Caticlan or Godofredo P. Ramos Airport. The runway is very short and only propeller planes can land there. Flights to and from this Caticlan are bounded by sunrise and sunset limitations. Airlines with flights to and from Caticlan are South East Asian Airlines (SEAIR), Cebu Pacific Air, Philippine Airlines (PAL), and Air Philippines. From the Caticlan airport, you can either take a tricycle or walk (10 minutes) to Caticlan Jetty Port. The second airport near Boracay is the Kalibo International Airport. With longer runway and night landing facilities, Kalibo Airport is served by bigger planes with early morning and late evening flights. The airport is at least 90 minutes away by land to Caticlan Jetty Port. Airlines with flights to and from Kalibo are Cebu Pacific Air, Philippine Airlines, and Zest Airways. There are minivans, vans, coasters and buses that serve travelers between Kalibo International Aiport and Caticlan Jetty Port.
Sea Ferry
The "Nautical Highway" is a combination of overland highways and roll-on, roll-off (RoRo) vessels that allow you to bring your vehicle up to Panay Island and visit key cities like Kalibo. Taking your car all the way to Boracay, though, is not possible. Public transport also operates on the same route, and is the most cost-effective way of traveling between Manila and Boracay. Assuming good connections, the total journey time is around 12 hours.
Why Invest?
Pride of ownership of a hotel unit in a world-class tourist destination Bundled with an exclusive Club Membership Income generating investment Return of investment in about 10 years and still own the property while enjoying the privileges Annual Free Night Stays in all Crown Regency Hotels & Resorts and in more than 2,900 Interval International affiliated hotels & resorts worldwide Guaranteed accommodation even on peak season Enjoy real quality time with family & loved ones
N BO TA
Hotel 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 a 5-minute walk to Bolabog Beach. Safe; located near Boracay Police and Coast Guard Station.
BRGY. YAPAK
Fairways & Bluewaters
Bayview
SIBUYAN SEA
Boracay Rock
Crown Regency Bayview Resort
TABON
IT RA ST
AKLAN
CATICLAN
CATICLAN AIRPORT
Bolabog Road
BRGY. BALABAG
JETTY
Crown Regency Resort & Convention Center
Balabag Poblacion
Heritage Center
Main Road
BRGY. MANOC-MANOC
B E A C H
CENTRAL BORACAY
Crown Regency Resort Station 3 (June 2008)
Red Coral
Sea Wind
W H I T E
BOAT STATION 1
BOAT STATION 2
BOAT STATION 3
Project
How to get to Crown Regency Resort & Convention Center? Only 5 minutes away from Caticlan Airport is the Crown Regency Welcome Center with the staff to welcome and 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, a private shuttle van of Crown Regency will transport Unit owners and guests within the island.
The developer reserves the right to change, alter and/or improve specifications and details appearing herein without prior notice. The information in this material is for identification and reference purposes only and does not authorize any person to render any representation or warranty regarding the project.
Product
Elegant and exclusive, an enchanting resort within a resort, an enthralling sun-drenched destination that sweeps down to the pristine white-sand beaches of Boracay this is Crown Regency Resort & Convention Center.
Unit Type T1 / T2 with Loft (For presentation purposes only. Actual unit may vary.)
The developer reserves the right to change, alter and/or improve specifications and details appearing herein without prior notice. The information in this material is for identification and reference purposes only and does not authorize any person to render any representation or warranty regarding the project.
2 2 1 1 1 3
Ground (Garden View) Ground (Pool View) 2 & 3 (Garden View) 2 & 3 (Pool View) nd rd 2 & 3 (Pool View) Deck
nd rd nd rd
The developer reserves the right to change, alter and/or improve specifications and details appearing herein without prior notice. The information in this material is for identification and reference purposes only and does not authorize any person to render any representation or warranty regarding the project.
Pricing
(As of April 2010)
Php 9.5 M
Php 10 M
Php 6.0 M
Php 6.2 M
Php 6.8 M
Php 8.9 M
Php 9.5 M
Php 5.5 M
Php 5.7 M
Php 6.5 M
50% balance in equal monthly installments up to Dec. 2012 60% balance in equal monthly installments up to Dec. 2012 70% balance in equal monthly installments up to Dec. 2012
40% balance in equal monthly installments up to Dec. 2012 50% balance in equal monthly installments up to Dec. 2012 60% balance in equal monthly installments up to Dec. 2012
The developer reserves the right to change, alter and/or improve specifications and details appearing herein without prior notice. The information in this material is for identification and reference purposes only and does not authorize any person to render any representation or warranty regarding the project.
Proponents
Owning a property at Fuente Triangle ultimately changes your lifestyle because the privileges and benefits do not confine itself on the property; instead, it extends to the Crown Regency Hotels & Resorts nationwide and to more than 2,900 hotels & resorts worldwide through Interval International. Because of this, the value of every member's property is thoroughly enhanced and heightened even more.
Crown Regency Hotels & Resorts, an experienced & established hotel chain owned by J. King & Sons Co., Inc.
Property Owner: J. King & Sons Co., Inc. Developer & Marketing:
Fuente Triangle Realty Development, Corp. is the sales and marketing company behind the rising Ultima Residences Towers in Metro Cebu. A subsidiary of J. King & Sons Co., Inc.
Club Ultima, Fuente T owers, Cebu Crown Regency Suites in Mactan, Cebu Crown Regency Residences in Guadalupe, Cebu Crown Regency Residences in Dav ao Crown Regency Hotel & T owers in Fuente Osmena, Cebu Crown Regency Hotel in Makati Crown Regency Resort in Station 3, Boracay Island Crown Regency Prince Resort in Station 1, Boracay Island
U LT I M A R E S I D E N C E S
City Loft Mango General Maxilom Avenue (For announcement purposes only)
Club Ultima is the proud flagship brand with over 6,500 members and the center of J.King & Sons' business network continuing the legacy as a strong market leader in promoting the legendary Filipino hospitality all over the country. Club Ultima can be summed up as follows:
An exceptional concept of a modern urban club offering state-of-the-art leisure, wellness and business services.
Provides members with quality and hassle-free accommodations in major Philippine destinations or in more than 2,800 hotels and resorts worldwide through Interval International.
Bringing a full spectrum of the warmth of a complete, family-oriented, socially-inclined lifestyle of a traditional Filipino welcome.
With complete health and beauty facilities for holistic health surgical and non-surgical aesthetics such as facial treatments, body contouring, steam and sauna baths, a beauty salon, and a fitness gym.
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 (transferable, 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 and 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 and 2,000 hotels & resorts worldwide an unmatched privilege never been offered by any other company in the Philippines today.
*not valid under guaranteed fix payback program
The developer reserves the right to change, alter and/or improve specifications and details appearing herein without prior notice. The information in this material is for identification and reference purposes only and does not authorize any person to render any representation or warranty regarding the project.
Payback
Your Php 6-Million 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 at 90% occupancy = 320 days at 80% occupancy = 320 days at 70% occupancy =
288 days
x Php 3,680 per day
256 days
x Php 3,680 per day
224 days
x Php 3,680 per day
Php 1,059,840
Projected Annual Net Income
Php 529,920
At a very conservative assumption of 70% occupancy per year and Php 3,680 per day still gives you a projected income of Php412,160.00 per year. Compared to a bank deposit with a maximum of 5% interest, your Php 6 Million earns you only Php300,000.00 per year.
Bank Deposit
with an estimated annual interest of 5%
Condotel Enrolment
VS.
with an assumption of 70% occupancy and room rate of Php 3,680 per day
Php 300,000.00
Php 412,160.00
Condotel enrollees earn Php112,160 MORE than the standard bank deposit once the Condotel is operational and the Unit is fully paid. *not valid under guaranteed fix payback program
The developer reserves the right to change, alter and/or improve specifications and details appearing herein without prior notice. The information in this material is for identification and reference purposes only and does not authorize any person to render any representation or warranty regarding the project.
In addition to the projected net income, Investors possess a *45-day FREE stay guaranteed benefit which they have the option to sell.
(based on the assumption of 4-star hotel rate of Php 3,680 per day in Boracay)
An Investor can easily sell their *45-day FREE stay to travel agencies especially during peak season.
Unit T1
Ground (Garden View) 59 sq.m. w/ Loft
Projected Room Rate / Night
Unit T2
Ground (Pool View) 57.5 sq.m. w/ Loft
Unit T3
2 & 3 Floor (Garden View) 33.5 to 34.5 sq.m.
nd rd
Unit T4
2 & 3 Floor (Pool View) 33.5 to 34.5 sq.m.
nd rd
Unit T4A
2 & 3 Floor (Pool View) 41.5 sq.m.
nd rd
Special Units
Deck (Pool View) 52 to 81 sq.m.
Php8,096.00
Php9,200.00
Php3,680.00
Php4,416.00
Php5,520.00
Php11,040.00
Pro-RATA Share
2.2
2.5
1.0
1.2
1.5
3.0
The bigger the investment, the higher the returns. Investors could look forward to an estimated 10-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 If If If investor investor investor investor has has has has paid paid paid paid less than 50% of the total contract value, investor receives 25% of the income due. 50.01% to 70% of the total contract value, investor receives 50% of the income due. 70.01% to 90% of the total contract value, investor receives 75% of the income due. 90.01% to 100% of the total contract value, investor receives 100% of the income due.
Payback
Option B: Guaranteed Fix Income
If an investor wish to avail of the guaranteed fix payback scheme, he must surrender his 45 Free days to Fuente Triangle Realty Development Corporation. In return, he will receive an annual income of 8% of the *acquisition price for 15 years from the start of condotel operation provided that he has fully paid the total contract value of the investment.
Example:
Buy-back Program
Five (5) years after condotel operations, investors can have the following options: a. Resell the unit at the open market; b. Resell the unit to Fuente Triangle Realty Development Corporation at *acquisition price; or c. Resell the unit to the open market through Fuente Triangle Realty Development Corporation for a minimal fee.
Paperwork
Investors sign a Purchase Agreement to acquire the specific unit of choice from Fuente Triangle Realty Development Corporation. Upon full payment of Unit, Investors will receive a fully-paid Preferred Stock Share certificate representing the acquired unit as specified in the Articles of Incorporation of Boracay Multiple Properties Development, Inc. 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 (Php100,000.00), 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 the Contract to Sell.)
Y L N O LE P M A S
FRONT
SA
LY N O E MPL
BACK
Q&A
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/are represented by a specific Condotel Unit. At the same time, since you own a Club Ultima membership, you have a vacation exchange privilege with Interval International. Q2. Is the Preferred Stock Share certificate redeemable from the holder of such share to be replaced by a title to the Unit? If so, when? A2. The Preferred Stock Share certificate, which represents ownership or title to the Condominium Unit, shall be redeemed once. The title to the property, by the issuing company, is obtained with individual title to each Condominium Unit issued and distributed to each shareholder. This is indicated in the Articles of Incorporation of the company. Q3. How does the Condotel operate? A3. The Condotel will be managed and 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 members rate (30% discount from the regular rate). Q4. Are there additional cost incurrence to be shouldered by the Unit owners upon enrolment in the Condotel operations? A4. Yes. An initial one time joining fee of Php30,000.00 per 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. A 20% of net sales in exchange of the following: All salaries of Sales & Marketing and Reservation Staff except for promotional and advertising collaterals. All expenses related to maintaining a Sales & Marketing office. All salaries of General Manager and Resident Manager. The Hotel Operator also guarantees to exchange the Unit owners unused 45-day FREE stay in his Condotel with Crown Regency Hotels room nights nationwide, with no expiry date. As a premium responsibility to the Hotel Operator, if total expenses do not exceed 30% of net sales, which shall result in a 50% gross operating profit before income tax, an additional 3% of net income will be given as a bonus to the Hotel Operator. Q6. Is the Unit owner required to source insurance by themselves in order to protect their investment? A6. Insurances are sourced by the Hotel Operator and are shouldered under operating cost covered in the estimated 50% Hotel Operators share. Q7. Can a Unit owner live in their property full time? A7. 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 will be the declaration of dividends? A8. Quarterly or semi-annually, as may be mutually agreed upon with the Unit owners. Q9. What are the considerations in determining revenues and 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 & maintenance, utility, taxes, and insurance attributable only to the Units. F&B income and its related expenses as F&B personnel, kitchen equipment, supplies, utilities, taxes, and insurance are treated separately from and independent of the room divisions expenses of each Condotel Units. This setup assures the Unit owners a cost efficient operation as room related expenses are easily controlled and managed. 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. All expenses are charged to the Hotel Operator and part of the operating cost covered in the estimated 50% Hotel Operators share.
Q&A
Q12. Will there be a Unit owners association? A12. 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 Q18. Can a Unit owner upgrade his FREE stay to a different Unit category? A18. Yes. Unit owners FREE stay can be upgraded but he has to pay the price difference in room rates. Q19. When does the Unit owner get 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 the availing of the 45-day FREE stay is exercised and availed of by negotiating in advance the use of the Unit.
Q13. What is the purpose of the Unit Owners Association? A13. The Unit Owners Association is organized to provide financial, operational, and property A1 management of the Condotel Units. The association needs to elect board officers to make sure that the Unit owners interests are protected and their Units are well managed.
Q20. Can a Unit owner use his *45-day 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 will rent another Unit for his friend, he will consume a total of 14 days for the week chargeable to his 45-day FREE stay.
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 the Unit owners as dividends according to the pro-rata percentage sharing on Unit types. Income will come from room revenue less room division expenses.
Q21. What if the Unit owner was not able to use the *45-day FREE stay 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 and resorts, worldwide. Advance booking and registration is required and subject to Interval International rules, regulations, and fees. Check the website www.intervalworld.com.
Q15. Who will shoulder the repairs and maintenance of the Unit? A15. Minor and major repairs are shouldered by the Hotel Operator and chargeable to and part of the operating cost covered in the estimated 50% Hotel Operators share.
Q16. Can a Unit owner use his *45-day FREE stay in another Crown Regency Resort in Boracay? A16. Yes, he can. However, this must only be on a one to one room night basis.
Q22. Can a Unit owner, who has made an initial booking to use his *45-day FREE night stay but eventually cancels it, be allowed to make new booking dates to use his room Unit? A22. Yes, provided, the notice of cancellation is made two (2) weeks in advance. However, the new booking dates are 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.
Q17. Is there any benefit if the Unit owner does not use his FREE stays on peak season? A17. Yes. The Unit owner, as individual and not pooled, will receive a bonus on those days equivalent to room rate difference on regular days.
Own a unit, Enjoy 45 days FREE stay in Boracay every year and EARN!
Or use at any Crown Regency Hotels & Resorts in Cebu, Mactan, Davao, Makati & Boracay or in more than 2,900 Interval International member hotels & resorts worldwide.
Property Owner: Developer and Marketing:
BMPDI
F UENTE T RIANGLE
REALTY DEVELOPMENT CORPORATION
BORACAY
An unmatched privilege never been offered by any other company in the Philippines today.
*When condotel is operational and unit is fully paid.
RESORT & CONVENTION CENTER Main Road, Sitio Manggayad, Barangay Balabag Malay 5608, Aklan, Boracay Island, Philippines Condo Sales Tel. Nos.: (+63919)419-9888 Email:. info@cebuinvestment.com
For more information, log on to:
www.cebuinvestment.com
Enjoy 52-day FREE room nights use annually not only in Boracay but also in major tourist destinations in the Philippines or around the World.
Earn Millions...
talk
TO US
Osmea Boulevard, Cebu City 6000, Philippines Tel. No. : (+6332) 582-2211 Mobile : (+63927) 701-1144 Email : info@cebuinvestment.com