It’s a high yield condo hotel investment that will bring you lifetime asset. If you are looking for a good investment and affordable investment in Asia, no matter you are an expert on international investment or not, the figures below will convince you the most!
As a investor of a Condo Hotel unit in Crown Regency Resort & Convention Center in Boracay island, your unit will be under hotel operation and the dividends will be distributed quarterly or semi-annually, as mutually agreed upon with the Hotel Operator. Dividends wil be in the form of a check to be mailed or can be paid directly to your bank account and will be denominated in PHPeso. For a foreign currency to be remitted, prior arrangement must be made with the Hotel Operator on a case to case basis.
There are 457 high end funished as 5 star hotel rooms for sale in this largest Condo Hotel project so far in Boracay Island. Unit area ranges from 34 square meters to 82 square meters and with 3 different types of unit design which are studio unit, loft unit and deck unit with private outdoor jacuzzi. Projected rate per night of a standard studio type unit with garden view is PHP 5,000 (around USD 111, base on USD 1 = PHP 45); projected rate per night of a standard studio type unit with pool view is PHP 6,000 (around USD 133, base on USD 1 = PHP 45); projected rate per night of a loft type unit with garden view is PHP 11,000 (around USD 244, base on USD 1 = PHP 45);projected rate per night of a loft type unit with pool view is PHP 12,500 (around USD 278, base on USD 1 = PHP 45); and projected rate per night of a deck unit with private outdoor jacuzzi is PHP 15,000 (around USD 333, base on USD 1 = PHP 45). These projected room rates are based on the current 4 star hotel room rates. Based on the conservative 60% occupancy in this Condo Hotel, the yield of your investment is 19.11%. Plus you can further increase your yield and investment returns up to 28.07% by selling your annual 45 FREE night stays to the open market.
If you are interested in this investment opportunity, please visit my website www.cebucondoreview.co.cc
and contact me through skype & yahoo! Messenger: daisy_guo_onlinemarketing, or send email to ftrdcmarketing@gmail.com or info@cebucondoreview.co.cc.
Visit www.cebucondoreview.co.cc
&
Watch Endorsement Videos from Worldwide Investors
Boracay Island Condo Hotel Investor John Childers
John Childers an internationally known real estate investment speaker talks about high yield Condo Hotel investments in the Philippines and explains why NOW is the right time to invest in Condo Hotel with Fuente Triangle Realty Development Corp and Crown Regency Hotels, Philippines!
Boracay Island Condo Hotel Investor Greg McAfee
Guaranteed high yield return of investment! Greg McAfee, one of Hawaii’s most accredited real estate investors speaks about about investing in Ultima Residences Condos and Condo Hotel which are income generating, bundled with lifestyle club membership and FREE night stays in hotels and resorts worldwide affiliated with Interval International. Great investment opportunities in Boracay Island, Cebu and Manila in the Philippines. Now Ultima Residences is offering FREE Club Ultima Membership with every purchase and 45 FREE night stays every year in any Crown Regency Hotels and more than 2,900 affiliated hotels with Interval International.
Boracay Island Condo Hotel Investor Hiroko Sato
Japanese real estate investor Hiroko Sato offers Real Estate Investment tips, a quick tip about Condo Hotel investment in The Philippines.
Condo-hotel
A condo-hotel, also known as a hotel-condo or a Condotel, is a building used as both a condominium and a hotel.
Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major cities and resorts in the US and around the world. These hotels have condominium units which allow someone to own a full-service vacation home. When they aren’t using this home, they can leverage the marketing and management done by the hotel chain to rent and manage the condo unit as it would any other hotel room.
Costs
Basic condo hotel ownership assumptions, according to Halogen Guides.[4] Note that analyzing the economics of a condo hotel unit is extremely difficult because of the challenge of getting accurate information about the potential income stream. Developers uniformly do not provide important data or estimates for room rates or occupancy levels for fear of coming under SEC regulations on investments, as opposed to real estate regulations.
Financial Considerations
The primary factors that contribute to the financial outcome in ownership are rental revenue, appreciation or depreciation, lending and tax deductions.
Since rental revenue is shared with the management company, owners typically pay no upfront fees for management, which includes the marketing and reservation of the units. Typical monthly fees for units in the rental pool include FF&E reserve and resort fee(s). Although the revenue splits between owner and management company do vary from project to project, most hover around 50 percent. Most condo hotels, and especially branded hotels like Westin or Ritz-Carlton, are strategically located in resort economies or popular urban destinations, which allow for high nightly rates and consistent year-round occupancy. Rental income from hotel guests is at the mercy of travel patterns and may decline.
Many condo hotels, especially the branded condo hotels, have seen double-digit growth, and have out-performed traditional condos or single family homes in the same resort market. Condo hotels units are fee simple deeded real estate, and can be bought and sold like other forms of real estate. Because of the lack of resale data available for many of the emerging markets where pre-construction condo hotels can be found, experts heed caution when considering a condo hotel purchase for investment purposes alone. Just like traditional real estate, appreciation is never guaranteed. This very scenario most recently occurred in Las Vegas. Several of the more notable condo hotels have sold for less in the resale market than during pre-construction.
Financing is generally costlier than for a primary residence. Mortgage rates may be a full point higher, and in the past this was especially true because financial institutions were unfamiliar with the condo hotel concept. Pre-construction purchases require a significant down payment, and buyers won’t see financial return or be able to use their unit until the hotel is completed and ready for operation. Furthermore owners may have to purchase extra insurance to protect against liability claims and some types of damage or loss.
Homeowner’s Association Fees and Services
As with most condominiums, owners of condo-hotel units are required to pay homeowner’s association fees, commonly referred to as HOAs. The fee and services can vary a great deal. Factors causing a fluctuation are the hotel’s star rating and operation level, and it’s physical location. A property located on the ocean, for example, can experience coastal weather regular basis, which in turn can increase the need for more regular maintenance to the exterior of the building. Along those same lines, a property located in a ski resort must weather powerful winter storms and must also deal with snow removal services.
Exceptions aside, many of the fees and services found in HOAs are fixed and fluctuate very little from project to project. Services such as these usually include general unit utilities, common area utilities, individual room and building reserves, grounds maintenance, exercise area use fees, security, pest control, mechanical repair costs, safety alarm systems, parking area maintenance, pool area maintenance, and owner management and administrative services. Items related to hotel guest impact are generally not included in the HOA fees, these would include housekeeping, and costs related to hotel staffing and operation.
Recent Comments