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An Investment Proposal. FOREIGN INVESTORS ARE WELCOME! 100% FOREIGN OWNERSHIP ALLOWED!

ENJOY A DREAM VACATION WITH A WISE INVESTMENT!!!

 ALL ABOUT BORACAY

• ONE OF THE MOST BEAUTIFUL ISLAND AND THE COUNTRY'S BEST JEWEL KNOWN WORLDWIDE. Only 35-min. flight from Metro Manila and 50-min. flight from Cebu City. Easily accessible by land, air & sea
• According to the Department of Tourism, the island needs about 10,000 rooms but currently there are only 5,000 available.
• THE ISLAND WELCOMES 400,000 VISITORS EACH YEAR FROM ALL OVER THE WORLD.
• 2nd Quarter of 2004, the Kalibo airport started accepting international chartered flights from Korea and Taiwan
• Majority of Boracay foreign tourists come from Korea, USA, Germany, UK, China and Japan

PROPOSAL:

 We are offering investors a unique investment proposal:

• Opportunity to own a piece of tropical paradise premier vacation capital of the Philippines through stock share ownership while responding to the demand for more accommodations in Boracay.
• Capacity to earn substantial income in a growing industry.
• Assurance of a vacation home with a breathtaking panoramic view of one of world's finest beaches even during peak season.

PROJECT
Name : CROWN REGENCY RESORT HOTEL - Central Boracay

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
• Safe, located near Boracay Police & Coast Guard Station

Structure :

Three and a half – storey high.
Guest will have access to the best facilities:
          - The largest swimming pool in Boracay (2500 sqm.)
          - 1,000 pax Ballrooms & Conference Rooms
          - Fitness gym
          - Food and Beverage outlets ; Laundromat

How to Get to Crown Regency Resort Hotel Central Boracay:

• Only 5-minute away from Caticlan Airport is the Crown Regency Welcome Center, our crew will be there to welcome & assist you.
• Crwon Regency will take you to Boracay Island via its own private boat
• When you reach the island, our own private shuttle van will transport unit owners & guests within the island.

PROPONENT :
Property Owner : Boracay Multiple Properties Developers, Inc., - a 100% subsidiary of J. Kings and Sons Co. Inc..

Developer and Marketing : Fuente Triangle Realty Development Corp – the company behind the rising Ultima Residences Towers in Metro Cebu.

Condotel Management : Crown Regency Hotel Group, an experience & established hotel chain operating :

-  Crown Regency Suites in Mactan, Cebu
-  Crown Regency Residences in Guadalupe, Cebu
-  Crown Regency Residences in Davao
-  Crown Regency Hotel & Towers n Fuente Osmeña, Cebu
-  Crown Regency Hotel in Makati (Sept. 2007)
-  Crown Regency Resort Hotel, West Boracay Station 3 (June 2008)

PRODUCT:

• Philippine and Foreign Nationals are eligible  (Residents or non-residents)
• Investors will purchase company stock share in Boracay Multiple Properties Developers, Inc. Preferred stock share/s is equivalent to one (1) numbered condotel unit.
• Unit are designed on a 33.5 to 34.5 or 41.5 sq.m. equivalent to one (1) stock share. 57.5 to 59 sqm. with loft which is equivalent to two (2) stock share.
• Units are all fully furnished with kitchen, TV and standard hotel amenities and will be under condotel operations for ten (10) years and renewable every tenth (10th) year.
• For condotel enrollees, the administrative and maintenance fees will be deducted from gross income from Condotel Operations (pulled income- pulled expense).

PRIVILEGES:

In order to give maximum benefits to the investors, the privileges in owning a unit are:

• 45-day Free stay at the resort every year for Condotel enrollees. ( Valid for one year and is non-cumulative)
• Plus 7-day free stay at Club Ultima or any Crown Regency operated hotels nationwide annually.
• 45-day free stay can be converted to Free stay privilege certificates at any of the Crown Regency hotel chain of proeprties & other off-site facilities with no expiry period on a one to one room night value.
• Investors could also exchange their Club Ultima 7-day Free stay privileges in any of the 2,900 Interval International affiliated hotels & resorts worldwide.
• 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

PAYBACK: As an investor, your US $68,000 (Php 3.3M0 investment has a 45 day FREE stay (with an option to sell or use) & a 320-day for enrolment in Condotel operations.  

Let  us compute the projected income based on the assumption of a US $100 room rate/day and at different occupancy rates.

• At a very conservative assumption of 60% occupancy/year & US $ 9.600/year (Php 465,600)

• Condotel Enrollees earn US $6,200 (Php 300,700) 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

• An investor gets an estimated total of US $14,100 ( Php 683,850) / year
• An investor who sells their 45-day Free Stay on peak season gets more added incentives.
• Investors could look forward to an estimated 5year full return of their investment while enjoying the good life in Boracay or the privileges & benefits of being a member of CLub Ultima and in all of its off-site facilities through the Crown Regency Hotel chain.

PROMOTION:

• 45-DAY VACATION IS IDEAL FOR FOREIGNERS WHO WISH TO STAY WARMTH & ENJOY THE TROPICS WHEN THEIR COUNTRY IS EXPERIENCING WINTER SEASON.
• CONDO UNITS WILL BE AVAILABLE IN CLUSTERS 6 OR 8 WITH ONE COMMON COURTYARD FOR GROUP ACTIVITIES. IDEAL FOR LARGE FAMILY OR FRIENDS.
• INVESTORS CAN LIKEWISE RECOMMEND THEIR FRIENDS TO BUY UNITS IN THEIR CLUSTERS SO THEY CAN HAVE THEIR VACATION TOGETHER OR TAKE TURNS OF USING THE UNITS FOR THEIR OWN FAMILY VACATION ON DIFFERENT SEASONS.

PAPERWORKS :

• Investors will sign an investment agreement to purchase a stock share from Boracay Multiple Properties Developers, Inc. equivalent to one specific condotel unit
• When payment is fully paid, investors will receive a stock share ownership certificate
• Stock share ownership can only be resold when fully paid.
• No capital gains tax involved.
• Sales and Purchase Agreement:
  The condo-hotel Sales and Purchase Agreement for Crown Regency Hotel & Convention Center is binding and irrevocable upon signing and has no cooling off period. A reservation deposit of One Hundred Thousand Pesos (Php 100,000) is made upon signing, the balance of which is payable within thirty (30) days. Cash payments are also given thirty (30) days grace period. Likewise, failure to meet final payment at the time specified in the Sales and Purchase Agreement will result to the forfeiture of the deposit made.

FREQUENTLY ASKED QUESTIONS:

Q. WHO WILL OPERATE THE CONDOTEL UPON COMMERCIALIZATION?

A. Condotel will be managed by the Crown Regency Hotel Chain.

Q. ARE THERE OTHER EXPENSES TO BE PAID BY THE UNIT OWNER UPON ENROLLMENT IN THE CONDOTEL OPERATIONS?

A. A joining fee is required to be paid by the unit owners upon enrollment to condotel operations. The joining fee will be determined later by the operator. Unit owner will still have to pay for other amenities and other services

Q. 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 regular rate).

Q.  ARE THERE ASSOCIATION DUES FOR THE UNIT OWNERS WHO ENROLLED IN CONDOTEL OPERATIONS/

A. There are NO association dues for units enrolled under cndotel operations.

Q. WHAT IS THE MINIMUM PERIOD OF THE CONDOTEL ENROLMENT

A. Upon turnover of your unit, the unit owner will enrol their unit/s with the operator for a period of (10) years and will be renewable every ten (10) years. 

Q.WHAT IF THE UNIT OWNER WAS NOT ABLE TO USE THE 45-DAY BENEFIT?

A. The 45-day benefit has an expiry of one-year. The 45-day free stay can be converted to Free stay privilege certificates at any of the Crown Regency hotel chain of properties & other off-site facilities with no expiry period on a one to one room night value. He can also enroll it at Interval International or sell it to his friends.

Q. WHO WILL  SHOULDER THE REPAIRS AND MAINTENANCE

A. Minor and Major repairs will be pooled from the Condotel operations. A room check is routinely made before and after a unit is occupied. Any loss or damage of property will be charged to the person concern. Renovations and refurbishments will be subject to the operator's discretion. Similarly overhead cost will be pooled from the condotel operations. Common areas are those that are outside the condotel units and belong to the condotel governance, fees for maintenance of these common areas will also be pooled from the condotel investors' dividends in equal proportions.

Q. HOW DOES THE CONDOTEL OPERATION DIFFER FROM TIMESHARES?

A. In timeshare, you only exercise a right to use the property for a certain period of time. When you own a unit in Boracay Multiple Properties Developers, Inc.(BMPDI), you own a share in the company wherein your share is represented by a specific numbered unit. Your ownership of a share evidenced by a stock certificate makes you a unit owner and a shareholder of BMPDI.