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Investment Condotel

One Tectona Condominium in Yati, Liloan, Cebu, Phils

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Investment Condotel

  1. 1. Distance from Access Road Malls SM Consolacion 4km Fooda Consolacion 5km City Mall Consolacion 4.5km Gaisano Grand Mall Liloan 3km Market Consolacion Market 4.5km Yati Public Market 0.5km Liloan Public Market 3km Schools San Roque Child and Dev’t. 0.7km Divine Life 0.6km Hospital & Clinics Mendero Medical Center 3.3km Hi-Precision Diagnostics – Liloan 4km LH Prime Med. Clinic – Consolacion 4km Church San Fernando Rey Parish – Liloan 3km San Roque Parish – Yati, Liloan 0.7km San Narciso Parish – Consolacion 4.6km
  2. 2. All residents of Woodlands Resort Communities and One Tectona Tower enjoy golf playing rights at the 18-hole Liloan Golf and Leisure Estate
  3. 3. • 180 hectares • Facilities A. Clubhouse B. Restaurant C. Pro Shop D. Tee Houses E. SPA/Sauna Massage Room F. Putting Green G. Locker & Shower Room H. Function Room I. Bar
  4. 4. Product Selling: •Condo Unit •Time Share
  5. 5. 1. Studio Type = 110 units 2. 1 Bedroom = 30 units 3. 2 Bedroom = 10 units 4. 3 Bedroom = 10 units 5. Penthouse = 5 units 6. Villa = 6units Unit Sale
  6. 6. Advantages of a Unit Owners:  30 DAYS Free stay in a year.  Lifetime Golf Playing Rights at Liloan Golf and Leisure Estate.  Profit Sharing of 60% for Property Management 40% for Unit owners or a Guaranted of 6% of the amount invested whichever is higher for a period of 5 years from turnover date.  After the 5 years contract unit owners has the option to resell or use his unit.
  7. 7. PAYMENT SCHEME ON UNITS For Reservation 50,000: 1. SPOT CASH  5% DISCOUNT ONLY IN STUDIO TYPE UNIT 2. INSTALLMENT BASIS  1st payment of 30% is on September 2017  2nd payment of 30% is on March 2018  3rd payment of 30% is on September 2018  4th payment 10% is on March 2019 3. 30% DOWNPAYMENT, BALANCE THRU BANK LOAN
  8. 8. Offers Golf Playing Rights for Unit Owners
  9. 9. Q2 2019 to Q1 2020 Objective  To achieve an occupancy rate of at least 60%  It is the first hotel condo in Liloan, Cebu that offers Golf Playing rights and have a market mostly of Japanese Nationals and Retirees and other foreigners who loves to play golf and needs to relax from a bustling city life that are visiting the country every month.
  10. 10. PROJECTED EXPENSES TO BE COVERED BY PROPERTY MANAGEMENT 1.) Maintenance (Building and Amenities) 2.) Salaries and Wages (Personnel, Security) 3.) Equipments 4.) Insurance 5.) Monthly Association Dues (Php 95.00 per square) 6.) Real Estate Taxes 7.) Utilities
  11. 11. SAMPLE RETURN ON INVESTMENT STUDIO UNIT (2nd Floor and 3rd Floor) 1st Year of Operations (2019) 60% Occupancy 75% Occupancy 85% Occupancy TOTAL NUMBER OF ROOMS 110 110 110 AVERAGE HOTEL RATE PER NIGHT 2,500.00 2,500.00 2,500.00 HOTEL OCCUPANCY RATE 60% 75% 85% NET SALES PER NIGHT 165,000.00 206,250.00 233,750.00 No. of Days in a Year 335 335 335 Net Sales Per Year 55,275,000.00 69,093,750.00 78,306,250.00 Less: Operating Expenses (60%) 33,165,000.00 33,165,000.00 33,165,000.00 RENTAL POOL INCOME PER YEAR 22,110,000.00 35,928,750.00 45,141,250.00 Unitowners (40%) 22,110,000.00 35,928,750.00 45,141,250.00 Studio Unit Area 32 sqm 32 sqm 32 sqm Yearly Income Per Unit 201,000.00 326,625.00 410,375.00 Add: 30 Usable Days 75,000.00 75,000.00 75,000.00 Yearly Income Per Studio 276,000.00 401,625.00 485,375.00 Monthly Income Per Studio Unit 16,750.00 27,218.75 34,197.92 Investment 3,769,920.00 3,769,920.00 3,769,920.00 Return on Investment 5.33% 8.66% 10.89% Or a guaranteed 6% ROI whichever is higher Investment 3,769,920.00 Rate of Return 6.00% Investment 226,195.20 Add: 30 Usable Days 75,000.00 Yearly Income Per Studio 301,195.20
  12. 12. SAMPLE RETURN ON INVESTMENT ONE BEDROOM UNIT (2nd Floor and 3rd Floor) 1st Year of Operations (2019) 60% Occupancy 75% Occupancy 85% Occupancy TOTAL NUMBER OF ROOMS 30 30 30 AVERAGE HOTEL RATE PER NIGHT 3,500.00 3,500.00 3,500.00 HOTEL OCCUPANCY RATE 60% 75% 85% NET SALES PER NIGHT 63,000.00 78,750.00 89,250.00 No. of Days in a Year 335 335 335 Net Sales Per Year 21,105,000.00 26,381,250.00 29,898,750.00 Less: Operating Expenses (60%) 12,663,000.00 15,828,750.00 17,939,250.00 RENTAL POOL INCOME PER YEAR 8,442,000.00 10,552,500.00 11,959,500.00 Unitowners (40%) 8,442,000.00 10,552,500.00 11,959,500.00 One Bedroom Unit Area 45.5 sqm 45.5 sqm 45.5 sqm Yearly Income Per Unit 281,400.00 351,750.00 398,650.00 Add: 30 Usable Days 105,000.00 105,000.00 105,000.00 Yearly Income Per 1BR Unit 386,400.00 456,750.00 503,650.00 Monthly Income Per 1BR Unit 23,450.00 29,312.50 33,220.83 Investment 5,167,932.00 5,167,932.00 5,167,932.00 Return on Investment 5.45% 6.81% 7.71% Or a guaranteed 6% ROI whichever is higher Investment 5,167,932.00 Rate of Return 6% Investment 310,075.92 Add: 30 Usable Days 105,000.00 Yearly Income Per One BR Unit 415,075.92
  13. 13. SAMPLE RETURN ON INVESTMENT TWO BEDROOM UNIT (2nd Floor and 3rd Floor) 1st Year of Operations (2019) 60% Occupancy 75% Occupancy 85% Occupancy TOTAL NUMBER OF ROOMS 10 10 10 AVERAGE HOTEL RATE PER NIGHT 4,500.00 4,500.00 4,500.00 HOTEL OCCUPANCY RATE 60% 75% 85% NET SALES PER NIGHT 27,000.00 33,750.00 38,250.00 No. of Days in a Year 335 335 335 Net Sales Per Year 9,045,000.00 11,306,250.00 12,813,750.00 Less: Operating Expenses (60%) 5,427,000.00 6,783,750.00 7,688,250.00 RENTAL POOL INCOME PER YEAR 3,618,000.00 4,522,500.00 5,125,500.00 Unitowners (40%) 3,618,000.00 4,522,500.00 5,125,500.00 Two Bedroom Unit Area 93 sqm 93 sqm 93 sqm Yearly Income Per Unit 361,800.00 452,250.00 512,550.00 Add: 30 Usable Days 135,000.00 135,000.00 135,000.00 Yearly Income Per 2BR 496,800.00 587,250.00 647,550.00 Monthly Income Per 2BR Unit 30,150.00 37,687.50 42,712.50 Investment 10,112,872.00 10,112,872.00 10,112,872.00 Return on Investment 3.58% 4.47% 5.07% Or a guaranteed 6% ROI whichever is higher Investment 10,112,872.00 Rate of Return 6.00% Investment 606,772.32 Add: 30 Usable Days 135,000.00 Yearly Income Per 2BR Unit 741,772.32
  14. 14. SAMPLE RETURN ON INVESTMENT THREE BEDROOM UNIT (2nd Floor and 3rd Floor) 1st Year of Operations (2019) 60% Occupancy 75% Occupancy 85% Occupancy TOTAL NUMBER OF ROOMS 10 10 10 AVERAGE HOTEL RATE PER NIGHT 5,500.00 5,500.00 5,500.00 HOTEL OCCUPANCY RATE 60% 75% 85% NET SALES PER NIGHT 33,000.00 41,250.00 46,750.00 No. of Days in a Year 335 335 335 Net Sales Per Year 11,055,000.00 13,818,750.00 15,661,250.00 Less: Operating Expenses (60%) 6,633,000.00 8,291,250.00 9,396,750.00 RENTAL POOL INCOME PER YEAR 4,422,000.00 5,527,500.00 6,264,500.00 Unitowners (40%) 4,422,000.00 5,527,500.00 6,264,500.00 Three Bedroom Unit Area 94.5 sqm 94.5 sqm 94.5 sqm Yearly Income Per Unit 442,200.00 552,750.00 626,450.00 Add: 30 Usable Days 165,000.00 165,000.00 165,000.00 Yearly Income Per 3BR Unit 607,200.00 717,750.00 791,450.00 Monthly Income Per 3BR Unit 36,850.00 46,062.50 52,204.17 Investment 10,269,028.00 10,269,028.00 10,269,028.00 Return on Investment 4.31% 5.38% 6.10% Or a guaranteed 6% ROI whichever is higher Investment 10,269,028.00 Rate of Return 6.00% Investment 616,141.68 Add: 30 Usable Days 165,000.00 Yearly Income Per 3BR Unit 781,141.68
  15. 15. SAMPLE RETURN ON INVESTMENT PENTHOUSE UNIT A (2BR) 1st Year of Operations (2019) 60% Occupancy 75% Occupancy 85% Occupancy TOTAL NUMBER OF ROOMS 1 1 1 AVERAGE HOTEL RATE PER NIGHT 12,000.00 12,000.00 12,000.00 HOTEL OCCUPANCY RATE 60% 75% 85% NET SALES PER NIGHT 7,200.00 9,000.00 10,200.00 No. of Days in a Year 335 335 335 Net Sales Per Year 2,412,000.00 3,015,000.00 3,417,000.00 Less: Operating Expenses (60%) 1,447,200.00 1,809,000.00 2,050,200.00 RENTAL POOL INCOME PER YEAR 964,800.00 1,206,000.00 1,366,800.00 Unitowners (40%) 964,800.00 1,206,000.00 1,366,800.00 Penthouse Unit Area 141.5 sqm 141.5 sqm 141.5 sqm Yearly Income Per Unit 964,800.00 1,206,000.00 1,366,800.00 Add: 30 Usable Days 360,000.00 360,000.00 360,000.00 Yearly Income Per Penthouse 1,324,800.00 1,566,000.00 1,726,800.00 Monthly Income Per Penthouse 80,400.00 100,500.00 113,900.00 Investment 19,607,280.00 19,607,280.00 19,607,280.00 Return on Investment 4.92% 6.15% 6.97% Or a guaranteed 6% ROI whichever is higher Investment 19,607,280.00 Rate of Return 6.00% Investment 1,176,436.80 Add: 30 Usable Days 360,000.00 Yearly Income Per Penthouse 1,536,436.80
  16. 16. SAMPLE RETURN ON INVESTMENT DUPLEX VILLA UNIT 3-A 1st Year of Operations (2019) 60% Occupancy 75% Occupancy 85% Occupancy TOTAL NUMBER OF ROOMS 1 1 1 AVERAGE HOTEL RATE PER NIGHT 9,500.00 9,500.00 9,500.00 HOTEL OCCUPANCY RATE 60% 75% 85% NET SALES PER NIGHT 5,700.00 7,125.00 8,075.00 No. of Days in a Year 335 335 335 Net Sales Per Year 1,909,500.00 2,386,875.00 2,705,125.00 Less: Operating Expenses (60%) 1,145,700.00 1,432,125.00 1,623,075.00 RENTAL POOL INCOME PER YEAR 763,800.00 954,750.00 1,082,050.00 Unitowners (40%) 763,800.00 954,750.00 1,082,050.00 Villa Unit Area 252.9 sqm 252.9 sqm 252.9 sqm Yearly Income Per Unit 763,800.00 954,750.00 1,082,050.00 Add: 30 Usable Days 285,000.00 285,000.00 285,000.00 Yearly Income Per Villa 1,048,800.00 1,239,750.00 1,367,050.00 Monthly Income Per Villa 63,650.00 79,562.50 90,170.83 Investment 16,914,920.00 16,914,920.00 16,914,920.00 Return on Investment 4.52% 5.64% 6.40% Or a guaranteed 6% ROI whichever is higher Investment 16,914,920.00 Rate of Return 6.00% Investment 1,014,895.20 Add: 30 Usable Days 285,000.00 Yearly Income Per Villa 1,299,895.20
  17. 17. PROJECTED NET INCOME COMPUTATION  Based on a conservative average room rate of PHP2,500.00 per night for Studio Units with 110 rooms, One BR at PHP3,500.00 per night with 30 rooms, Two Bedroom at PHP4,500.00 per night with 10 rooms, Three Bedroom at PHP5,500.00 per night with 10 rooms, Penthouse at PHP12,000.00 per night with 5 rooms, Villa at PHP8,500.00 per night with 6 rooms at 60%, 75% and 85% for 1 month Net Income = Base Profit x 40%/# of unit owners
  18. 18. FINANCIAL RATIO ANALYSIS  For a Studio with a monthly income of PHP 16,750.00 on 60% occupancy rate, conservative Return on Investment is at 5.33% per year  For a One Bedroom with a monthly income of PHP 23,450.00 on 60% occupancy rate, conservative Return on Investment is at 5.45% per year  For a Two Bedroom with a monthly income of PHP 30,150.00 on 60% occupancy rate, conservative Return on Investment is at 3.58% per year  For a Three Bedroom with a monthly income of PHP 36,850.00 on 60% occupancy rate, conservative Return on Investment is at 4.31% per year  For a Penthouse with a monthly income of PHP 80,400.00 on 60% occupancy rate, conservative Return on Investment is at 4.92% per year  For a Villa with a monthly income of PHP 56,950.00 on 60% occupancy rate, conservative Return on Investment is at 4.14% per year  Or a Guaranteed 6% Return on Investment based on the Deed of Sale Amount whichever is higher.
  19. 19. Timeshare is you exercise a right to use property and facilities for a certain period of time a year. 1. Studio Type = 5,720 shares 2. 1 Bedroom = 1,560 shares 3. 2 Bedroom = 520 shares 4. 3 Bedroom = 520 shares 5. Penthouse = 260 shares 6. Villa = 312 shares
  20. 20. RETURN ON INVESTMENT (ROI) FOR TIMESHARE OWNERS TIMESHARE OWNERS BENEFITS: •ONE TIME PAYMENTS FOR LIFETIME OWNERSHIP RIGHTS •FREE USE OF THE UNIT AND LILOAN GOLF AND LEISURE ESTATE FOR SEVEN (7) DAYS EVERY YEAR •WILL RECEIVE UP TO THREE PERCENT (3%) OF HOTEL CONDO INCOME PER YEAR STARTING ON THE OPERATING YEAR. TENTATIVE DATE WILL BE ON 2019.
  21. 21. TIMESHARE OWNER EXPENSES 1. Annual Membership Fee of Php 3,000.00 (Waived for the first 3 years) 2. Monthly Golf Maintenance Fee of Php 500.00
  22. 22. SAMPLE RETURN ON INVESTMENT STUDIO TIMESHARE 1st Year of Operations (2019) 60% Occupancy 75% Occupancy 85% Occupancy TOTAL NUMBER OF SHARES 5720 5720 5720 TOTAL NUMBER OF UNITS 110 110 110 AVERAGE HOTEL RATE PER NIGHT 2,500.00 2,500.00 2,500.00 HOTEL OCCUPANCY RATE 60% 75% 85% NET SALES PER NIGHT 165,000.00 206,250.00 233,750.00 No. of Days in a Year 335 335 335 Net Sales Per Year 55,275,000.00 69,093,750.00 78,306,250.00 Less: Operating Expenses (60%) 33,165,000.00 33,165,000.00 33,165,000.00 RENTAL POOL INCOME PER YEAR 22,110,000.00 35,928,750.00 45,141,250.00 Yearly Income Per Timeshare (up to 3%) 3,865.38 6,281.25 7,891.83 Add: 7 Usable Days 17,500.00 17,500.00 17,500.00 Yearly Income Per Studio Timeshare 21,365.38 23,781.25 25,391.83 Monthly Income Per Studio Timeshare 322.12 523.44 657.65 Investment 350,000.00 350,000.00 350,000.00 Return on Investment 1.10% 1.79% 2.25%
  23. 23. SAMPLE RETURN ON INVESTMENT ONE BEDROOM TIMESHARE 1st Year of Operations (2019) 60% Occupancy 75% Occupancy 85% Occupancy TOTAL NUMBER OF SHARES 1560 1560 1560 TOTAL NUMBER OF UNITS 30 30 30 AVERAGE HOTEL RATE PER NIGHT 3,500.00 3,500.00 3,500.00 HOTEL OCCUPANCY RATE 60% 75% 85% NET SALES PER NIGHT 63,000.00 78,750.00 89,250.00 No. of Days in a Year 335 335 335 Net Sales Per Year 21,105,000.00 26,381,250.00 29,898,750.00 Less: Operating Expenses (60%) 12,663,000.00 15,828,750.00 17,939,250.00 RENTAL POOL INCOME PER YEAR 8,442,000.00 10,552,500.00 11,959,500.00 Yearly Income Per Timeshare (up to 3%) 5,411.54 6,764.42 7,666.35 Add: 7 Usable Days 24,500.00 24,500.00 24,500.00 Yearly Income Per 1BR Timeshare 29,911.54 31,264.42 32,166.35 Monthly Income Per 1BR Timeshare 450.96 563.70 638.86 Investment 450,000.00 450,000.00 450,000.00 Return on Investment 1.20% 1.50% 1.70%
  24. 24. SAMPLE RETURN ON INVESTMENT TWO BEDROOM TIMESHARE 1st Year of Operations (2019) 60% Occupancy 75% Occupancy 85% Occupancy TOTAL NUMBER OF SHARES 520 520 520 TOTAL NUMBER OF UNITS 10 10 10 AVERAGE HOTEL RATE PER NIGHT 4,500.00 4,500.00 4,500.00 HOTEL OCCUPANCY RATE 60% 75% 85% NET SALES PER NIGHT 27,000.00 33,750.00 38,250.00 No. of Days in a Year 335 335 335 Net Sales Per Year 9,045,000.00 11,306,250.00 12,813,750.00 Less: Operating Expenses (60%) 5,427,000.00 6,783,750.00 7,688,250.00 RENTAL POOL INCOME PER YEAR 3,618,000.00 4,522,500.00 5,125,500.00 Yearly Income Per Timeshare (up to 3%) 6,957.69 8,697.12 9,856.73 Add: 7 Usable Days 31,500.00 31,500.00 31,500.00 Yearly Income Per 2BR Timeshare 38,457.69 40,197.12 41,356.73 Monthly Income Per 2BR Timeshare 579.81 724.76 821.39 Investment 700,000.00 700,000.00 700,000.00 Return on Investment 0.99% 1.24% 1.41%
  25. 25. SAMPLE RETURN ON INVESTMENT THREE BEDROOM TIMESHARE 1st Year of Operations (2019) 60% Occupancy 75% Occupancy 85% Occupancy TOTAL NUMBER OF SHARES 520 520 520 TOTAL NUMBER OF UNITS 10 10 10 AVERAGE HOTEL RATE PER NIGHT 5,500.00 5,500.00 5,500.00 HOTEL OCCUPANCY RATE 60% 75% 85% NET SALES PER NIGHT 33,000.00 41,250.00 46,750.00 No. of Days in a Year 335 335 335 Net Sales Per Year 11,055,000.00 13,818,750.00 15,661,250.00 Less: Operating Expenses (60%) 6,633,000.00 8,291,250.00 9,396,750.00 RENTAL POOL INCOME PER YEAR 4,422,000.00 5,527,500.00 6,264,500.00 Yearly Income Per Timeshare (up to 3%) 8,503.85 10,629.81 12,047.12 Add: 7 Usable Days 38,500.00 38,500.00 38,500.00 Yearly Income Per 3BR Timeshare 47,003.85 49,129.81 50,547.12 Monthly Income Per 3BR Timeshare 708.65 885.82 1,003.93 Investment 750,000.00 750,000.00 750,000.00 Return on Investment 1.13% 1.42% 1.61%
  26. 26. SAMPLE RETURN ON INVESTMENT PENTHOUSE TIMESHARE 1st Year of Operations (2019) 60% Occupancy 75% Occupancy 85% Occupancy TOTAL NUMBER OF SHARES 260 260 260 TOTAL NUMBER OF UNITS 5 5 5 AVERAGE HOTEL RATE PER NIGHT 12,000.00 12,000.00 12,000.00 HOTEL OCCUPANCY RATE 60% 75% 85% NET SALES PER NIGHT 36,000.00 45,000.00 51,000.00 No. of Days in a Year 335 335 335 Net Sales Per Year 12,060,000.00 15,075,000.00 17,085,000.00 Less: Operating Expenses (60%) 7,236,000.00 9,045,000.00 10,251,000.00 RENTAL POOL INCOME PER YEAR 4,824,000.00 6,030,000.00 6,834,000.00 Yearly Income Per Timeshare (up to 3%) 18,553.85 23,192.31 26,284.62 Add: 7 Usable Days 84,000.00 84,000.00 84,000.00 Yearly Income Per 3BR Timeshare 102,553.85 107,192.31 110,284.62 Monthly Income Per 3BR Timeshare 1,546.15 1,932.69 2,190.38 Investment 1,100,000.00 1,100,000.00 1,100,000.00 Return on Investment 1.69% 2.11% 2.39%
  27. 27. SAMPLE RETURN ON INVESTMENT VILLA TIMESHARE 1st Year of Operations (2019) 60% Occupancy 75% Occupancy 85% Occupancy TOTAL NUMBER OF SHARES 312 312 312 TOTAL NUMBER OF UNITS 6 6 6 AVERAGE HOTEL RATE PER NIGHT 8,500.00 8,500.00 8,500.00 HOTEL OCCUPANCY RATE 60% 75% 85% NET SALES PER NIGHT 30,600.00 38,250.00 43,350.00 No. of Days in a Year 335 335 335 Net Sales Per Year 10,251,000.00 12,813,750.00 14,522,250.00 Less: Operating Expenses (60%) 6,150,600.00 7,688,250.00 8,713,350.00 RENTAL POOL INCOME PER YEAR 4,100,400.00 5,125,500.00 5,808,900.00 Yearly Income Per Timeshare (up to 3%) 13,142.31 16,427.88 18,618.27 Add: 7 Usable Days 59,500.00 59,500.00 59,500.00 Yearly Income Per 3BR Timeshare 72,642.31 75,927.88 78,118.27 Monthly Income Per 3BR Timeshare 1,095.19 1,368.99 1,551.52 Investment 950,000.00 950,000.00 950,000.00 Return on Investment 1.38% 1.73% 1.96%
  28. 28. TIMESHARE OWNER WILL RECEIVE THE FOLLOWING AS PROOF OF TIMESHARE OWNERSHIP:
  29. 29. TIMESHARE SALES AGREEMENT
  30. 30. TIMESHARE CERTIFICATE (NOTARIZED)
  31. 31. Requirement to be submitted :
  32. 32. ID’s
  33. 33. HOW MUCH IS THE COST?
  34. 34. UNIT Sold • 5% BROKER’S COMMISSION • PLUS 50,000.00 INCENTIVE FOR EVERY UNIT SOLD
  35. 35. TIME SHARE SOLD 15 % Commission Plus 1,000.00 per timeshare sold
  36. 36. FREQUENTLY ASKED QUESTIONS Q1. What is One Tectona Condominium? One Tectona is the premiere retirement condominium project of Duros Land Properties, Inc. consisting of a 14 Storey Tower and 21 Duplex Villas within the 11,062 square meters land area. It is composed of commercial spaces which will be for lease and condominium units when sold will be enrolled for condominium hotel. Q2. What Makes One Tectona Condominium unique? One Tectona Condominium is part of the Woodlands Resort Communities, a 4.8 hectare master plan development in Liloan, Cebu. It is strategically located in just a few minutes away from the airport and close to conveniences for shopping, school, hospital, church and commercial establishments. It is located in a breathtaking hilltop amidst a pocket forest with a refreshing view, a pliant and serene estate in a suburbent city outside the noise and hustle of the city life. It is the only Condominium wherein it is bundled with golf playing rights in a nearby 18-hole Liloan Golf and Leisure Estate.
  37. 37. Q3. What is a condo-hotel concept and how does it operate? The units are individually owned by the investors and enroll the units for a condominium hotel. It will be managed and operated by Elite District Realty and Property Management, Inc. In return, investors are given free vacation days in the hotel per year but it is subject to one week advance booking, unit owners have priority use of their condotel units or an equivalent type for 30 days every year for free. If the usage will exceed 30 days, they will have to pay the member's rate (30% discount from regular rate). And at the same time they earn yearly profits based on the hotel income or a guaranteed six percent (6%) of the investment amount whichever is higher. Each unit has Condominium Certificate of Title and the units occupancy by guests will provide the ultimate return for investors. Q4. Are there additional cost incurrences to be shouldered by the unit owner upon enrollment in the condotel operations? No, there will be no one time membership fee.
  38. 38. Q5. What is the role of the hotel operator? The role of the hotel operator, Elite District Realty and Property Management, Inc., in exchange for a share of revenue, markets all condo-hotel units to be used for hotel accommodation, which includes maintenance of the units and provides hotel services such as housekeeping, food and beverage preparation and concierge services. Q6. Is the unit owner required to source insurance by themselves in order to protect their investment? Insurances are sourced by the Hotel Operator and are shouldered under operating cost covered in the estimated 60% Hotel Operator’s share.
  39. 39. Q7. Can I combine multiple condo-hotel units? No, you cannot combine the multiple units you purchase until the Condo Corporation decides to dissolve its hotel operation and the units returned to its owners for residential purposes. Q8. Can a unit owner live in their property full time? This project is for Investors only. You are required to enroll in the Condotel operations for a minimum of five (5) years. Q9. What is the expected delivery of a condo-hotel unit? The units include basic hotel finishes, furniture, appliances and linens ready for hotel operation.
  40. 40. Q10. Can I design my own condo-hotel unit? No. The Hotel Operator will decide on its standard furnishings of a condo-hotel unit to maximize the experience of our hotel guests. Q11. When is the expected delivery of the One Tectona Condominium? Q12. How many elevators are dedicated for hotel guests? March 2019 Two (2) Elevators Q13. What are the amenities that hotel guests can enjoy at One Tectona Condominum? One Tectona Condominium amenities includes swimming pool, golf putting green, jogging and walking trails, drop off, function room, retail spaces, game room, lounge, lobby, clinic, gym and spa.
  41. 41. Q14. When is the declaration of dividends? Annually, as may be mutually agreed upon with the unit owners. Q15. What are the considerations in determining revenues & dividends for unit owners? 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.
  42. 42. Q16. How will dividends be paid to the unit owner? 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. Q17. Are there any other condominium association dues? None. Since all expenses are charged to hotel operator and part of operating cost covered in the estimated 60% hotel operator’s share. Q18. Will the unit owner still earn if his unit was not rented? Yes. Unit owners will still receive yearly 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.
  43. 43. Q19. Who will shoulder the repairs and maintenance of unit? Minor repairs are shouldered by the hotel operator and chargeable to and part of operating cost covered in the estimated 60% hotel operator’s share. Q20. Can a unit owner upgrade his free stay to a different unit category? Yes, unit owner's free stay is upgradeable but has to pay the price difference in room rates. Q21. What if the Unit Owner was not able to use the 30-day benefit? Subject to 3 months prior notice before expiry.

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  • nikhilkc

    Aug. 12, 2019

One Tectona Condominium in Yati, Liloan, Cebu, Phils

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