Centro Residences - A Condotel in Quezon City, Contact us today 0935-1442724
Condotel
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Transcript of Condotel
Who’s Buying and Why?
• SOMEONE seeking a vacation place, but due to the limited amount of time they anticipate being able to spend there
• SOMEONE busy to focus time and attention on the maintenance and upkeep of another property
Condotel units include hotel services.
Buyers are treated as guests, and able to enjoy amenities
• Every year each Condotel Unit owner gets a 30-day FREE stay in his Unit or the equivalent room type (transferable, valid for one year and is non-cumulative)
In order to give maximum benefits to the investors, the privileges in owning a Unit are:
Sample Investment Computation for Condotel Unit
20% Initial Investment in 36 months; 80% in 10 years @ 12 p.a.
1 BR Condotel Unit Unit Area: 28.72 sqm
Total Investment Value: Php. 1,625,552Reservation Fee: Php 20,00036 Monthly Investments: Php 8,62536 Monthly dues for Furnishings: Php 6,781Succeeding Monthly Investment: Php 18,658
At Php. 2,400/day X 30 days= Php. 72,000/month
m
At 50% Occupancy Rate=
Php. 36,000/month
Income Projection:
Php. 36,00050% Unit Owner—
Php. 18,000
50% Hotel Operator—
Php. 18,000
Almost equivalent to monthly
amortizations
80% Occupancy Rate:
1. Quezon City is the center of Government Agencies2. Center of Educational Institutions—ADMU,
Miriam College, UP Diliman and a ride away from University Belt
3. Gimmick & Dining Destination4. Entertainment Hub—ABS-CBN Center & GMA
Broadcasting Networks5. Medical Institutions6. Center of Commercial Establishments7. Gateway to the North
At Php. 2,400/day X 30 days= Php. 72,000/month
m
At 80% Occupancy Rate=
Php. 57,600/month
Income Projection:
Php. 57,60050% Unit Owner—
Php. 28,800
50% Hotel Operator—
Php. 28,800
Income of Php. 10,000
Income Projection
Present Value: Php. 1,863,928 (including furnishings)
10 year Projection: Php. 4,000,000
Initial Investment:
Reservation: Php. 20,000Down in 36 months: 8,625 /monthFurnishings for 36 months: 6,781 /monthTotal Investment for 36 months: Php. 568,082
10 year Projection: Php. 4,000,000
Php 568,082
Return Of Investment: Php. 3,431,918
60% per annum
Initial Investment Paid Over 36 Months: