Condotel

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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

Transcript of Condotel

Page 1: 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

Page 2: Condotel

Condotel units include hotel services.

Buyers are treated as guests, and able to enjoy amenities

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• 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:

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Sample Investment Computation for Condotel Unit

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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

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At Php. 2,400/day X 30 days= Php. 72,000/month

m

At 50% Occupancy Rate=

Php. 36,000/month

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Income Projection:

Php. 36,00050% Unit Owner—

Php. 18,000

50% Hotel Operator—

Php. 18,000

Almost equivalent to monthly

amortizations

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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

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At Php. 2,400/day X 30 days= Php. 72,000/month

m

At 80% Occupancy Rate=

Php. 57,600/month

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Income Projection:

Php. 57,60050% Unit Owner—

Php. 28,800

50% Hotel Operator—

Php. 28,800

Income of Php. 10,000

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Income Projection

Present Value: Php. 1,863,928 (including furnishings)

10 year Projection: Php. 4,000,000

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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

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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: