IMPERIAL 5 STAR HOTEL SUITES AVAILABLE FOR INVESTMENT
| Description | Floor | Area (Sqm) | Net Price (Peso) | VAT | Total price |
| Front Side | 8-9 | 76 | 9,941,417.00 | 1,192,970.00 | 11,134,387.00 |
|
| 6-7 | 76 | 9,694,921.00 | 1,163,391.00 | 10,858,312.00 |
|
| 3-5 | 76 | 9,448,426.00 | 1,133,811.00 | 10,582,237.00 |
| Back Side | 8-9 | 76 | 8,873,317.00 | 1,064,798.00 | 9,935,115.00 |
|
| 6-7 | 76 | 8,626,871.00 | 1,035,224.00 | 9,662,095.00 |
|
| 3-5 | 76 | 8,380,374.00 | 1,006,645.00 | 9,386,019.00 |
PAYMENT TERMS AND FINANCING SCHEME
Reservation Fee: Php100,000.00
SPOT CASH
- Cash discount of 10% if paid within 30 days after reservation
- 10% of the Total Contract Price
30-70% SCHEME
- 30% down payment (less reservation fee) and the balance of 70% payable in 7-month installments without interest
- Comes with 7% cash discount of total contract price
20-80% SCHEME
20% down payment (less reservation fee) and the balance of 80% payable in 12-month monthly installment without interest
- Comes with 3% cash discount of total contract price
- Maybe financed through in-house or bank
Features and Amenities
- Elevated
- Hotel, studio type and suite rooms
- Condominium units
- Pool Villas
- Balcony for each unit
- Water park / Waved Pool
- Water Slides / Kiddie's Pool w/ Pirate Ship
- Outdoor
- Landscaped Gardens and Walkways
- Seaside Filipino Restaurant
- Chinese Restaurant
- Japanese Restaurant
- Italian Restaurant
- American / European Restaurant
- Marine Sports Shop
- Fitness Club
- Spa and Massage Clinic
- Medical and Derma Clinic
- Grand Ballroom
- Function Rooms
- Karaoke Bar
- Buffet & Cafe' Bar
- Promenade Deck
- Shopping Center
- Coffee Lounge
- Tennis Courts
MARINE - Zip along the crystal waters in a speedy jet ski. Hop on a yacht ala the Poseidon sub. Marvel at the underwater sights while snorkeling, yield to the cool sea breeze and the enchanting scenery during an island-hopping tour. Enjoy all these while under the care of an experienced crew with safety as a top priority.
Indulge in marine sports to complement your active lifestyle. From a leisurely swim to deep-sea scuba diving, the thrills of the aquatic world are just too numerous to mention and too beautiful to describe. After all, anyone can see the marvels on the dry land but just how many have witnessed the wondrous marine sights of the underworld?
SPA - We offer expert skin treatments, Jacuzzi facilities, and other amenities, all with a soothing personal touch that highlights the very essence of our rich Asian culture. We provide optimum wellness in a well-nest for our valued clientele.
MASSAGE - Our windows in the massage rooms overlook the tantalizing beachfront. We utilize a relaxing fusion of the Filipino "hilot" and in-house massage techniques for maximum guest contentment.
BEAUTY SALOON - Our dermatology vanguard, Lee Ji Ham, Dermatology Medicare, provides expert medical and skin care consultation and treatments as gathered from many years of experience and up-to-date equipment.
ARCHITECTURAL
- Water park, Resort & Spa development
- Concrete Facade with Stone Cladding
- PVC Framed Glass Doors & windows for bedrooms
- 8 passenger elevator for 6 mid-rise buildings, 2 Passenger elevators per building
- 4 service elevator for 6 buildings
- Fire Exits
- Water feature at main entrance
- Landscaped parks and walkway
INVESTMENT
5-star hotel suites available for investment
What could be more perfect than owning a vacation home and receiving rental income whenever you aren't using it? Not only that a vacation home with the amenities of a 5-star hotel in the summer capital of the
Unit owners join the rental program where the international hotel management team run the project as a world class hotel, steady income based on the size of their unit regardless of whether said unit was leased or not. This is because the hotel management will pool together the total income of the entire hotel and distribute this to unit owners net of any expense.
RETURNS AND PRIVILEGES
Aside from being the registered owners of a 5-star unit in Imperial Palace Hotel, investors are entitled to numerous other perks and benefits that are incomparable to other developments.
What do investor / buyer enjoy?
- For the purchase of a condotel unit, buyer will be issued a Condominium Certificate of Title of the unit purchased in his name or assignee.
- 15 or 60 days use of the unit at any time of the year with a minimal maintenance fee per day (subject to room availability).
- Use of resort water park facilities, fitness club and kids land
- 20-40% discount on food and beverage and marine facilities
- Discounts on Spa, Massage and Beauty Salon.
What is the payback for the investment?
- Phil-BXT Corp. has designated the Imperial Palace Hotel Group as the international management company for the operation of the hotel.
- Unit owners will then lease back their units to Phil-BXT/Imperial Palace to be pooled, operated and marketed by the management company.
When is the return payable?
- Investor / owner is guaranteed a return of 10% or 8% of their invested amount for up to 3 years. Payment commences one year after date of full payment of condotel unit.
- In the 4th year onwards, investors have a pro-rata share of the total room revenue less management fee, operating cost and management incentive share.
Frequently asked questions:
1.) In a nutshell, describe the essence of the condotel concept?
- Condotels are usually large, high rise, luxury hotels operated by big names in the hotel industry such as; Trump, Hilton, Regent International. Four Seasons, Ritz Calton, Bulgari and Le Meridien. Condo-Hotels have condominiums that are sold to individual investors who may use their unit as a vacation home whenever they like. When they are not using their unit, owners have the option of placing it into an organized rental program. Rental revenue which is shared with the operators, helps defray the owner's expenses.
2.) What are the benefits to the condotel buyer/owner?
- Owners have a luxurious vacation home in a premier location at their disposal.
- Owners who choose to place their condotel unit in the property's rental program receive revenue which helps the expenses of ownership. Most condotels offer hassle-free vacation home ownership. The on-site management company takes care of all upkeep, maintenance and interaction with renters.
- Owners of condotel units have the right to resell the unit at any time. They keep any profits derived from the appreciation. Thus, condotels combine vacation home ownership with investment potential.
3.) What is the role of the Condotel Operator?
- The operator of the rental program, in exchange for a share of the revenue, markets the units as a hotel, takes reservations, operates the front desk, maintains the property and provides the services hotel guests expect, such as housekeeping, food, and beverage, and concierge.
4.) Describe the typical arrangement between the condo hotel buyer and the hotel management company?
- Some of the items spelled out in a typical owner agreement include
- The amount of revenue the condotel owner will receive
- The amount of revenue the hotel management company will receive
- Typical deductions before each of the parties receives their share, including money for a furniture, fixture and equipment reserve
- The financial responsibilities of the condotel owner, which usually include the real estate taxes, insurance, capital improvements and debt service.
- The financial responsibilities of the condo hotel management company, which usually include operational expenses like housekeeping, maintenance, front office, administrative and marketing.
- A rental program agreement which outlines the number of days per year and requirements notice for owners regarding use of their condotel units.
5.) Can condotel owners rent their units themselves and keep most or all of the revenue?
· In most condotel properties, they can, but doing so defeats one of the prime benefits of condotel which is hassle-free ownership. Most owners prefer to have the onsite professional management company find and handle renters. In additional, owners of condotel are likely to receive a higher level of rental income by participating in the property's rental program which is administered by a recognized professional operator that can capitalize on the hotel's global affiliation, its brand name, its sophisticated reservation system and management expertise.
6.) What are the keys to a successful acquisition of condotel?
· The essential ingredients to a successful ownership of condotel include the following: good location, an attractive amenity package, a respected developer, a strong brand and good management.
7.) Are developers willing to guarantee the rental of the condotel units when not in use by the owners?
· No, they are not. Developers are aware that potential security law issues can arise out of the sale of condotel units. In order to avoid coming under the scrutiny of any national or local government investment rulings, developers refrain from setting rental revenue expectations from prospective buyers. Instead, the developer's emphasis is the condotel marketing materials and sales presentations is always on the real estate itself. Generally, it is best to consider a condotel unit purchase to be similar to the purchase of a second home or vacation house. Construct a beautiful building in a good location and there would be an appreciation of the investment over the years. As icing on the cake, owners who choose to participate in the rental program can receive income from its rental to help defray ownership costs.
8.) Where are condotels located?
· Condo-Hotels are typically located in highly desirable areas, often near the ocean, theme parks, golf courses, or in major cities.
9.) Are all condotels newly built?
· There is a mix of condotels that are newly built from the ground up and those that were originally hotels and have been upgraded and converted into condotels. Because land in prime locations is so limited and costly, it is possible that condotels conversions will eventually outpace new construction of condotels.
10.) Does it cost extra to purchase a condotel using a real estate broker?
· No. The price is the same whether you use a Realtor or go direct to the property. The seller (developer) pays all Realtor costs in the form of a commission. In those cases which no Realtor is involved, the developer either keeps the additional revenue or pays a percentage of it to the property's in-house sales staff.
11.) Where are most condotel buyers coming from?
· Buyers are coming from all over the world. For us Filipinos, we have OCW/OFW as our target market. They like the idea of owning a hazzle -free vacation home in a prime location in the
12.) Is financing available for purchasing condotel units?
· Financing for condotel units is not difficult to find. Most banks now are familiar with condotels and recognize them as viable real estate investments. Often the condotel developer itself or the real estate broker can recommend reputable lenders.
