(Beach Condotel For Sale – Lapu-Lapu City)
Own a full-service vacation home in an upscale resort in Cebu. Hassle free maintenance and access to 5-star hotel amenities and facilities with exclusive investor privileges. Invest in ImperialPalace – a dreamland of ideal bliss and joy, a haven of utmost luxury suited for any monarch.
FEATURES & AMENITIES
American / European Restaurant
Attraction River Jungle route and Water Fountains
Balcony for each unit
Chinese, Italian, Japanese and Filipino Restaurants
Grand Ballroom Hotel
Landscaped Gardens and Walkways
Marine Sports Shop
Outdoor Concert Park
Spa and Massage Clinic
Water Slides / Kiddie’s Pool w/ Pirate Ship
Waterpark / Waved Pool
RETURNS AND PRIVILEGES
You can now own a vacation home and receive 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 Philippines.
Unit owners can join the rental program where the international hotel management team run the project as a world class hotel, with stready income based on the size of their unit regardless of whether the 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 the unit owners net of any expenses.
Aside from being the registered owner of a 5 star unit in Imperial Palace, investors are entitled to numerous other perks and benefits:
Investors can enjoy the following:
1. 60 days use of the unit at any time of the year with a minimal maintenance fee of P1,000 (US$20) per day, subject to room availability.
2. Buyer will be issued a condo certificate of title of the unit purchased in his name or his assignee.
3. A playing right of the planned golf course and country club will be assigned to each condotel unit giving investor / buyer full privilege as member
4. Use of resort waterpark facilities, fitness club and kids land with a maintenance fee of P1,000 (US$20) a day
5. 20% to 40% discount on food and beverages and marine facilities. Also discounts on spa, massage and beauty salon.
The developer 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 the developer and Imperial Palace to be pooled, operated and marketed by the management company.
When is the return payable…
The investor is guaranteed a return of 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.
Buy Back Option
Phil BXT Corporation guarantees to buy back the unit at its original price after 3 years of operations, with the owner’s consent.
DISCOUNTS FROM AFFILIATED ESTABLISHMENTS
Imperial PalaceSouth Korea
Rooms: 30-50% discount
Food and beverage: 10-20% discount
Mu Joo : Rooms – 50% discount
Sports Facilities – 30% discount
Mu Joo CC : member’s privilege on weekdays
ATTRACTION ZONE: Have a splash in any of our several themed pools! Stretch the limits of your imagination at the Water Pool, an artificial tide pool. “Tarzaon of the Apes” at the Flowing Water Pool, an artificial tide pool. Roll out the barrels of fun and water at the Adventure Pool. And reminisce on your youth as the kids whoop it up at the Kiddie Pool, the Tube Slide. and the Space Bowl.
Waterpark, 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
Water feature at main entrance
Landscaped parks and walkway
BASIC INFO ABOUT CONDOTEL
Condotels are usually large, high rise, luxury hotels operated by big names in the hotel industry such as; Trump, Hilton, Regent Intenational etc. 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 operator, helps defray the owner’s expenses.
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.
The operator of the rental probram, 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.
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.