Invitation to Invest: Boracay Crown Regency Resort & Convention Center

Dear Investor:

How would you like to just "Go Away & Get Paid"? How would it feel to have a 45-day vacation in Boracay every year and still earn?

It is my great privilege to introduce to you a major turning point in Philippine real estate investment. With Boracay Crown Regency Resort & Convention Center, you can have your very own private haven in Paradise. Experience the pleasure of ownership in one of the most beautiful places on Earth, Boracay Island. The project is ideally located at the center of Boracay and boasts of stunning, nature-inspired, standard and loft-type units. The resort offers the largest pool in the island, a signature theme bar and restaurant, and a 1,200-person-capacity convention center. All of this will be provided, along with the expertise, style and service, unique to the Crown Regency Group of Hotels.

To give you an idea about the great potential of this investment, 150 units have already been reserved by an international hotelier. A row of units have also been reserved by some travel agencies to be used for their business. According to the Philippine Department of Tourism, the island needs 5,000 more rooms to cater to an ever-growing demand of Boracay patrons. Boracay Crown Regency Resort & Convention Center is our answer to that need. Now you can own a unit, enroll it under condotel operations, and enjoy a 45-day free stay every year (in Crown Regency Resorts nationwide and Interval International Hotels worldwide), not to mention passive rental income earnings of up to Php 620,800 (US$ 12,800) per annum. You, as an investor, can get a free holiday in paradise while still being able to put money in your pocket. In fact, less than five (5) years can already get you a FULL return on your investment.

We just had our Grand Launching last July 26, 6:00pm, at the Mandarin Oriental Manila. The house was packed and the event was an astounding success. Philippine Tourism Secretary, Ace Durano was also able to grace the event, and even commended the project. People were able to see how real this one-of-a-kind, once-in-a-lifetime investment opportunity is. Right now, our company is currently showcasing the property in a U.S. Road Show to a lot of interested American investors. Please take note: unit prices will increase 5% after a certain number of units have been sold, so time is definitely of the essence.

If any of this sounds interesting to you, contact me ASAP at the numbers below and let's schedule a meeting right away. Also, if you know of other people who might be interested, refer them to me and I'll definitely make it worth your while. For more details about the investment (contract price, financing, projected income, ROI, floorplans, perspectives, etc.), please find the links below:

Investment Proposal:
Online (flash, 2.2mb)-
www.propertyph.biz/boracay
Download (Powerpoint presentation, 7.7mb)-
www.propertyph.biz/boracay/boracay.ppt
Download (PDF, 5.7mb)-
www.propertyph.biz/boracay/boracay.pdf

Architectural Perspectives:
Online (flash, 0.8mb)-
www.propertyph.biz/perspectives

I do hope we can get to talk soon. My regards.

Sincerely,

Carlo M.
Licensed Realtor®
Assistant Vice President
MEGATREND Realty Network Inc.
Marketing Director - iHBO

Mobile phone#s : 63-917-8373363, 63-922-8011407
Email: berdemd@yahoo.com
Website: www.propertyph.biz/

Invitation to Our Grand Launch

We cordially invite you to the
Grand Launching Night of
Boracay Crown Regency Resort
and Convention Center
this Thursday, July 26, 2007 at 6:00pm
Mandarin Oriental Hotel

For tickets/reservations:
RSVP: 63-917-8373363

An Investment Proposal

Go Away & Get Paid:
Have a 45-day vacation in Boracay
every year and still earn!

Brief background on Boracay:

• One of the most beautiful islands & the country’s best jewel known worldwide. Only 35-min. flight from Metro Manila and 50-min. flight from Cebu City. Easily accessible by land, air and sea.
• The island welcomes over 400,000 local and foreign visitors each year from all over the world.
• According to the Department of Tourism the island needs about 10,000 rooms but currently there are only 5,000 available.
• 2^nd Quarter of 2004, the Kalibo Airport started accepting international chartered flights from Korea / Taiwan.
• Majority of Boracay foreign tourists come from: Korea, Germany, USA, China and Japan.

Getting to Boracay:

• Plane (PAL, Cebu Pacific, Air, Asian Spirit, and SEAIR)
• Travel by air via Kalibo / Caticlan is the fastest way to go Boracay from Manila to Cebu.
• Asian Spirit and SEAIR has more than 45x flights daily via Caticlan.
• PAL and Cebu Pacific Air each has 3x flights daily via Kalibo.
• Sea Ferry
• Via Dumaguit through Negros Navigation and WG&A Superferry. Travel time is about 12 hours, however, upon reaching Dumaguit, you still have about 1 ½ to 2 hours by land before reaching Caticlan jetty port.
• Land
• The cheapest way to Boracay is via roll on roll off (RORO) trips to Panay Island. Daily Philtranco aircon or non-aircon buses leave to Panay via Caticlan. From Manila via bus to Batangas to Calapan by boat takes 2 hours, another 2 hours by bus from Calapan to Roxas pier to Caticlan jetty port.

WHY INVEST?:

• Boracay Multiple Properties Developers, Inc.

THE NINE (9) P’s:

1. Proposal
2. Project
3. Proponent
4. Product
5. Pricing
6. Privileges
7. Payback
8. Promotion
9. Paperwork
   

(1) PROPOSAL

We are offering investors a unique investment proposal:

• Opportunity to own a piece of tropical paradise in premier promotion capital of the Philippines through stock share ownership while responding to the demand for more accommodations in Boracay.
• Capacity to earn substantial income in a growing industry.
• Assurance of a vacation home with a breathtaking panoramic view of one of world’s finest beaches even during peak season.

(2) PROJECT

Name: Crown Regency Resort Hotel – Central Boracay

Area: 450-room resort condotel with an approximate area of 10,194 sq. m.

Location:

• Located in Barangay Balabag along the main road of Central Boracay
• Only a 3-minute leisure work (5-meter wide brick flooring) to the Station 2 beach
• Safe, located near Boracay Police and Coast Guard station

Structure: Three and a half-storeys high.

Facilities - Guests will have access to the best facilities:

• The largest swimming pool in Boracay
• 1,000 pax Ballrooms and Conference Rooms
• Fitness Gym
• Laundromat
• Food and Beverage outlets

How to Get to Crown Regency Resort Hotel Central Boracay:

• Only 5-minutes away from Caticlan Airport is the Crown Regency Welcome Center, our crew will be there to welcome and assist you.
• Crown Regency will take you to Boracay Island via its own private boat.
• When you reach the island, our own private shuttle van will transport unit owners and guests within the island.

(3) PROPONENT

Property owner:
Boracay Multiple Properties Developers Inc, a 100% subsidiary of J. King & Sons Co.Inc

Developer and Marketing:
Fuente Triangle Realty Development, Corp., another subsdiary of J. King & Sons Co., Inc. The sales and marketing behind the rising Ultima Residences Towers in Metro Cebu. (www.ultimaresidences.com & www.fuentetriangle.com)

Condotel Management:
Crown Regency Hotel Group, an experienced and established hotel chain owned by J. King & Sons Co., Inc. (www.crownregency.com):

• Club Ultima, Fuente Towers, Cebu
• Crown Regency Suites in Mactan, Cebu
• Crown Regency Residences in Guadalupe, Cebu
• Crown Regency Residences in Davao
• Crown Regency Hotel & Towers in Fuente Osmena, Cebu
• Crown Regency Hotel in Makati (September 2007)

(4) PRODUCT

• Philippine and Foreign Nationals are eligible (Residents or non-residents)
• Investors will purchase company stock share in Boracay Multiple Properties Developers, Inc. one (1) stock share is equivalent to one (1) condotel unit.
• Units are desiged on a thirty (30) sq. m. (standard) or forty-five (45) sq. m. (with loft) equivalent to one (1) stock share.
• Units are all fully furnished with kitchen, TV and standard hotel amenities.
• Investors have the option to reside in their units or enroll in the condotel operations. For residing investors, they will have to pay administrative and maintenance fees as in standard condotel operation.
• For condotel enrollees, the administrative and maintenance fees will be deducted from gross income of condotel operations.

(5) PRICING (30 sq.m. unit)

Financing Scheme	*Members	*Non-Members
100% Cash	Php 3.0 M	Php 3.3 M
50% DP – 50% (12 mos.)	Php 3.1 M	Php 3.4 M
40% DP – 60% (12 mos.)	Php 3.2 M	Php 3.5 M
30% DP – 70% (12 mos.)	Php 3.3 M	Php 3.6 M
20% DP – 80% (12 mos.)	Php 3.4 M	Php 3.7 M
10% DP – 90% (12 mos.)	Php 3.5 M	Php 3.8 M
No DP – 100% (12 mos.)	Php 3.6 M	Php 3.9 M
10% DP – 90% (15 mos.)	Php 3.7 M	Php 4.0 M
10% DP – 90% (18 mos.)	Php 3.8 M	Php 4.1 M
10% DP – 90% (24 mos.)	Php 3.9 M	Php 4.2 M
10% DP – 90% (30 mos.)	Php 4.0 M	Php 4.3 M

*Existing Club Ultima members with one (1) room night privilege must upgrade to seven (7) room night privilege to avail of the members price

**Inclusive of Club Ultima membership with 7 FREE room nights with option with Interval International, subject to payment of regular charges imposed by Interval International

For 15-mo. Installment scheme: 50% share of profit if hotel opens before payment is complete
For 18-mo. Installment scheme: 40% share of profit if hotel opens before payment is complete
For 24-mo. Installment scheme: 30% share of profit if hotel opens before payment is complete
For 30-mo. Installment scheme: 20% share of profit if hotel opens before payment is complete

• All checks should be made payable to Fuente Triangle Realty Development Corporation
• Full profit of investors starts when investment is fully-paid
• For every 40 investments share sold, an additional 5% increase in the above prices
• Reservation deposits are non-refundable

(6) PRIVILEGES

In order to give maximum benefits to the investors, the privileges of owning a unit are:

• 45-day Free stay at the resort every year for Condotel enrollees. (Valid for one (1) year and is non-cumulative)
• Plus 7-day free stay at Club Ultima or any Crown Regency operated hotels nationwide annually.
• 45-day free stay can be converted to Free stay privilege certificates at any of the Crown Regency hotel chain of properties and other off-site facilities with no expiry period on a one to one room night value. Check the website: www.crownregency.com and www.clubultima.com.
• Investors could also exchange their Club Ultima 7-day Free stay privileges in any of the 2,900 Interval International affiliated hotels and resorts worldwide. Check out www.intervalworld.com.
• The 45-day Free stay can also be used to get additional room nights with Interval International.
• An additional one-time signing bonus of 45-day Free stay at any Club Ultima or Crown Regency operated hotels (except Boracay) for cash investors.

(7) PAYBACK

• As an investor, your US $68,000 (Php 3.3M) investment has a 45-day FREE stay (with an option to sell or use) and a 320-day for enrollment in condotel operations.
• Let us compute the projected income based on the assumption of a US $100 room rate / day and at different occupancy rates:
  

320 days @ 80% occupancy 256 days X US $100 / day US $25,200	320 days @ 70% occupancy 224 days X US $100 / day US $22,400	320 days @ 60% occupancy 192 days X US $100 / day US $19,200
*Deduct approx. 50% as management fees, taxes, incentive bonus
Projected Annual Net Income:
US $12,800 (Php 620,800)	US $11,200 (Php 543,200)	US $9,600 (Php 465,600)

• At a very conservative assumption of 60% occupancy / year and US $100 / day still gives you a projected income of US $9,600 / year (Php 465,600)
• Compared to bank deposit with maximum of 5% interest, you US $68,000 (Php 3.3M) earns you only US $3,400 (Php 165,000 / year)

Bank Deposit With an estimated annual interest of 5% gives you US $3,400 (Php 165,000)

VS

Condotel Enrollment with an assumption of 60% occupancy and room rate of US $100 / day US $9,600 (Php 465,600)

• Condotel enrollees earn US $6,200 (Php 300,700) MORE than the standard Bank Deposit.

(8) PROMOTIONS

• In addition to the projected net income, investors have their 45-day Free Stay guaranteed benefit which they have the option to sell…

A 45 day FREE STAY / year
with an option to sell or use is worth
US $4,500 (Php218,250)
(based on an assumption of 4-star hotel rate
of US $100/day in Boracay)

Projected net Income at 60% occupancy rate + Guaranteed Benefit =
US $ 9,600 (Php 465,600) + US $ 4,500 (Php 218,250) =
Php 683,850 / year

Projected net Income at 70% occupancy rate + Guaranteed Benefit =
US $ 11,200 (Php 543,200) + US $ 4,500 (Php 218,250) =
Php 761,450 / year

Projected net Income at 80% occupancy rate + Guaranteed Benefit =
US $ 12,800 (Php 620,800) + US $ 4,500 (Php 218,250) =
Php 839,050 / year

• An investor who sells their 45-day Free Stay on peak season gets more added incentives.
• Investors could look forward to an estimated 5-year FULL return of their investment while enjoying the good life in Boracay or the privileges & benefits of being a member of Club Ultima and in all of its off-site facilities through the Crown Regency Hotel chain.
• 45-day vacation is ideal for foreigners opting to stay warm and enjoying the tropics while their home country is experiencing winter season.
• Condo units are available in clusters of 6 or 8 with one common courtyard for group activities. Ideal for large family or friends.
• Investors can likewise recommend to their friends to acquire units in their clusters so they can take their holiday together or take turns in using the units for their own family holiday on different seasons.
• Units enrolled in Condotel operations are managed by the expertise and experience of the Crown Regency chain of hotels and resorts.

Frequently Asked Questions

Q. Are there other expenses to be paid by the unit owner upon enrollment in the condotel operations?

A. A joining fee is required to be paid by the unit owners upon enrollment to Condotel operations. The joining fee will be determined later by the operator. Unit owner will still have to pay for other amenities and other services.

Q. Who will operate the Condotel upon commercialization?

A. Condotel will be managed by the Crown Regency Hotel Chain.

Q. How does the Condotel operate?

A. The Condotel will generally operate like a resort hotel.

Upon turnover of the unit, owner may immediately enroll with the operator. The minimum period you can have your unit enrolled is three (3) years.

Individual owners may use their Condotel units for 45 days every year if their unit is enrolled under rental pooling. If the usage will exceed 45 days, they will have to pay the member’s rate (30% discount from regular rate).

Owners who do not choose to enroll their units under Condotel operations may use their units as a vacation home or for residential purposes

Q. If the owner decides not to enroll his unit under Condotel operations, will the unit owner be charged of association dues?

A. Yes, the unit owner will be charged with monthly association dues and maintenance fees will be determined later by the operator.

Q. Are there association dues for unit owners who enrolled in Condotel operations?

A. There are NO association dues for units enrolled under Condotel operations.

Q. Are all types of repairs shouldered by the condotel operator?

A. Only minor repairs shall be shouldered by the condotel operator.

Q. What if the Unit Owner was not able to use the 45-day benefit?

A. The 45-day benefit has an expiry of one-year. The 45-day free stay can be converted to Free Stay privilege certificates at any of the Crown Regency hotel chain of properties and other off-site facilities with no expiry period on a one to one room night value. He can also enroll it at Interval International or sell it to his friends.

Q. What is the difference between this type of investment and a timeshare?

A. In timeshare, you only exercise a right to use the property for a certain period of time. When you own a unit in Boracay Multiple Developers, Inc. (BMPDI), you own a share in the company wherein your share is represented by a specific numbered unit. Your ownership of a share evidenced by a stock certificate makes you a unit owner and a shareholder of BMPDI.