HOTELS / HOTELS / RESORTSRESORTS

NUMBER OF NUMBER OF ROOMSROOMS

PEAK PEAK SEASONSEASON(MARCH-(MARCH-

MAY)MAY)& OCTOBER& OCTOBER

HIGH HIGH SEASONSEASON(JULY- (JULY-

AUGUST)AUGUST)(DEC-JAN)(DEC-JAN)

LOW SEASONLOW SEASON((FEB /JUNE)FEB /JUNE)(SEPT/ NOV)(SEPT/ NOV)

SHANGRI-LAMACTAN

RESORT

530 98% 95% 80%

IMPERIAL PALACE

556 100% 95% 85%

CRIMSON HOTEL

290 93% 86% 75%

PLANTATION BAY

220 91% 84% 72%

BLUEWATERS RESORT

158 92% 85% 73%

MOVENPICK HOTELS

245 97% 90% 78%

COSTABELLA TROPICAL RESORT

156 90% 80% 70%

256 80% 70% 60%

AVERAGEAVERAGE 301 93%93% 86%86% 74%74%

AVERAGE PUBLISHED RATEAVERAGE PUBLISHED RATE HOTELS /HOTELS /RESORTSRESORTS

DELUXE DELUXE (STUDIO)(STUDIO)

SUPERIORSUPERIOR(1BEDROOM)(1BEDROOM)

SUITE SUITE (2BEDROOM)(2BEDROOM)

SHANGRI-LAMACTAN RESORT

16,500 22,500 35,500

IMPERIAL PALACE 12,500 18,500 26,500

CRIMSON HOTEL 13,500 19,500 28,500

PLANTATION BAY 10,500 15,500 20,500

BLUEWATERS RESORT

9,500 12,500 18,500

MOVENPICK HOTELS

10,500 15,500 20,500

COSTABELLA TROPICAL RESORT

7,500 10,500 13,500

7,500 10,500 15,500

GROSS INCOME PER DAYGROSS INCOME PER DAYPEAKPEAK HIGHHIGH LOWLOW

STUDISTUDIOO

1BR1BR 2BR2BR STUDISTUDIOO

1BR1BR 2BR2BR STUDISTUDIOO

1BR1BR 2BR2BR

864,000864,000 672,00672,00

00403,00403,0000

757,500757,500 588,00588,0000

347,20347,2000

648,000648,000 504,00504,0000

297,600297,600

TOTALTOTAL 1,939,0001,939,000 1,692,7001,692,700 1,449,6001,449,600

TOWERS A & BTOWERS A & B

STUDIO –144STUDIO –1441BEDROOM – 801BEDROOM – 802BEDROOM – 322BEDROOM – 32

TOTAL NO. OF UNITS TOTAL NO. OF UNITS = 256= 256

PROJECTED EXPENSES TO BE COVERED BY PROJECTED EXPENSES TO BE COVERED BY PROPERTY MANAGEMENTPROPERTY MANAGEMENT

BREAKDOWN OF EXPENSES:BREAKDOWN OF EXPENSES:

1.) Maintenance (building and amenities)1.) Maintenance (building and amenities)2.) Salaries and Wages (Personnel, Security)2.) Salaries and Wages (Personnel, Security)3.) Equipments3.) Equipments4.) Insurance4.) Insurance5.) Supplies (Furniture and Fixtures)5.) Supplies (Furniture and Fixtures)6.) Food & Beverage6.) Food & Beverage7.) Advertising7.) Advertising8.) TRAVEL AGENCY/AGODA/BOOKING.COM 8.) TRAVEL AGENCY/AGODA/BOOKING.COM COMMISSIONCOMMISSION

NET INCOME PER MONTHNET INCOME PER MONTH

TOTAL = LOW SEASON TOTAL = LOW SEASON = 1,449,600 (30 DAYS)= 1,449,600 (30 DAYS)_____________________________________________ _____________________________________________

= = 43,488,000 43,488,000 (Gross (Gross Income)Income)

THEREFORE : (ASSUMPTION) THEREFORE : (ASSUMPTION) PROPERTY MANAGEMENT (70%) PROPERTY MANAGEMENT (70%) – – PHP 30,441,600PHP 30,441,600UNIT OWNERS (30%) UNIT OWNERS (30%) – – PHP 13,046,400PHP 13,046,400

ASSUMING ASSUMING .4% .4% SHARE FOR SHARE FOR STUDIO UNIT OWNER STUDIO UNIT OWNER

UNIT OWNERS (30%) OF THE NET INCOME : UNIT OWNERS (30%) OF THE NET INCOME :

13,046,400 X .4% SHARE FOR STUDIO 13,046,400 X .4% SHARE FOR STUDIO

52,185.60 PER MONTH NET52,185.60 PER MONTH NET

ROI – 3,300,000/52,185.60ROI – 3,300,000/52,185.60

Return On Investment = Return On Investment = 63 63 MONTHSMONTHS

FINANCIAL RATIO ANALYSIS

> PHP 52,185 per month for 63 months ROI is 19% per annum> PHP 26,093 per month for 126 monthsROI is 9% per annum> PHP 20,000 per month for 168 months (14

years)GUARANTEED ROI is 7% per annum