City Loft Prospectus

M A N G O
LEASEBACK PROGRAM
You have the choice to use it
or enrol it in the condotel operation
of Crown Regency Hotels & Resorts!
PROPOSAL
Premier Condo Unit
To own a condominium unit located within the city proper that is in close proximity to schools, business centers,
malls and hospitals.
Leaseback Program
The leaseback program is a condominium-hotel project offered for purchase and to be owned by individual owners
who have the option of renting it out as a hotel suite when not in use.
Owners of the unit may produce rental revenues, making the ownership of a unit an income-generating investment
for them.
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Ayala Mall
CEBU
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Driving
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Cancer Inst. Perpetual
Succour Hospital
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Cebu Doctors
Univ. & Hospital
on
Sacred
Heart
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Archbishop’s
Palace
Velez Gen.
Hospital College
A few meters away from shopping center like major shopping malls
Visitacion
mb
Harrison Park
Cebu Institute
of Medicine
Visayas
Community
Med. Ctr.
M. Bradford
Church & Sch.
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Clu
11
Ultima Residences
Ramos Tower
Cebu
Extn.
Mig
uel
Av
e
.
DSWD
Bure
Elem.
D. Jakosalem
Club Ultima
Ultima Residences
Crown Regency
Hotel & Towers ond
P
A.
R
F.
Dept. of Health
Sh
Ma
xil
San
P
Rain Tree
Mall
.
Sacred
Heart Sch.
T
Robinson’s
Place
Southern Island
Hospital Nurses
Home
Located near schools and universities.
M A N G O
Police Osmeña
Circle
Stn.
Puericulture
& Maternity
House
Collegio de
Immaculada
Concepcion
U
ui
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Univ San
Carlos
.
Creekside
M. J. Cuenco A
ve.
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Rd.
Ave
ilom
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NBS
Gen
UTP
Mango
Square
ve.
oA
Rizal
Museum
& Library
Ayala
rord
Iglesia ni
Cristo
Point
ic
Rd.
Go
St.Theresa’s
College
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la
Aya
Mission
Redemptorist
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Gov
Blvd.
eña
Osm
Pres.
Coco
Mall
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1.5 kilometers away from CLUB ULTIMA, Crown Regency Hotel & Towers
and Ultima Residences.
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Neg
Situated along General Maxilom Avenue (formerly Mango Avenue)
Close proximity to entertainment, schools & business districts in the city,
right in the center of metro Cebu.
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Sacred Heart
School for Girls
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Capitol
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It will be managed by an experienced and established hotel management operator.
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Blessed
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CITY LOFT MANGO AMENITIES:
Video Intercom from
Unit to Lobby
24-hour Security System
Standby Generator Set
High-Speed Elevators
Broadband Ready
Studio-type Design
Condotel Management:
PROPONENT
Crown Regency Hotel Group, an experienced & established
hotel chain owned by J. King & Sons Co., Inc.
Property Owner:
J. King & Sons Co., Inc.
Developer & Marketing:
Fuente Triangle Realty Development, Corp.
is the sales and marketing company behind
the rising Ultima Residences Towers in
Metro Cebu.
A subsidiary of J. King & Sons Co., Inc.
•
•
•
•
•
•
•
•
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
Crown Regency Resort in Station 3, Boracay Island
Crown Regency Prince Resort in Station 1, Boracay Island (1st Quarter 2009)
U LT I M A R E S I D E N C E S
Crown Regency Suites Mactan
Crown Regency Hotel & Towers
Ultima Residences
Tower 3, Fuente Towers
Ultima Residences
Ramos Tower
Ultima Prime
Tower 4, Fuente Towers
Club Ultima
Tower 2, Fuente Towers
Crown Regency Residences Davao
Crown Regency Residences Cebu
Crown Regency Resort Boracay
Crown Regency Hotel Makati
Crown Regency Prince Resort
CLUB ULTIMA MEMBERSHIP - GATEWAY TO UNLIMITED OPPORTUNITY
The City Loft Mango comes together with a Club Ultima Membership. Membership at Club Ultima gives you access
to all the amenities & features of the Club. It also entitles you discounts & privileges in Crown Regency Hotels & Resorts.
Take part in the Interval International time sharing program and choose from many destinations in the world.
A rare opportunity awaits you and your family.
Club Ultima Business Center at the 19th floor is open
24-7, offering:
• Audio-Visual / Media Room
• Mail / Message Desk
• Conference Room / Boardroom • Meeting Rooms
• Legal consultants-on-call
• Secretarial Staff
• Communications / IT Network
• Snooze Lounge
• Courier Services
• Tea & Coffee facilities
• Cyber Café
• Translation Services
• Virtual Office
• Concierge Services
• Lounge
• Video Conferencing
• Wi-Fi Hotspot
CLUB ULTIMA MEMBERSHIP - TASTE THE GOOD LIFE
Club Ultima restaurants feature delectable international cuisine and a great view of the city
• 17th floor Kotie Japanese Restaurant
• 20th floor Wang Shan Lo
• 21st floor Mr. Grill Bar & Restaurant
• 21st floor Topz Dining Hall
• 22nd floor Night Talk Bar & Lounge (Special Functions)
• 23rd floor The Peak Restobar (Special Functions)
CLUB ULTIMA MEMBERSHIP - ENJOY THE GOOD LIFE
Club Ultima also features beauty, health & wellness, and entertainment facilities
• Aqua Fitness Pool
• Power Gym
• Tower Salon
• Prana Medispa
• Club Library
• Computer Games
• Virtual Golf & Firing
• Audio Visual Rooms
• Table Games
• Board Games
MORE AMENITIES
Membership in Club Ultima grants you discounts & privileges in Crown Regency Hotel Group and Metrosports.
You'll also have the opportunity to invest on a piece of paradise in Boracay island.
FUN IN THE SKY
City Loft Mango is located 1.5km away from the newest tourist attraction at Crown Regency Hotel & Towers.
The Sky Experience Adventure gives your property the additional facility that provides you with maximum
fun at the Sky. The facility features the world’s first Edge Coaster, the Philippines' first Skywalk Extreme,
Cebu’s first 4-D theater and much more.
WHY INVEST?
As a unit owner, you can stay for FREE for 30-days at City Loft Mango & you'll have a 335-Day for
Leaseback Program.
Let us compute the projected income based on the assumption of a Php 2,000 room rate / day
and at different occupancy rates. ( Based on 25.5 sq. m. to 28.2 sq. m. unit)
335 days @
80% occupancy =
268 days
x Php 2,000/ day
234.5 days
x Php 2,000/ day
201 days
x Php 2,000/ day
PHP 469,000
PHP 402,000
Deduct approx. 50% as
management fee, taxes,
incentive bonus
Deduct approx. 50% as
management fee, taxes,
incentive bonus
Deduct approx. 50% as
management fee, taxes,
incentive bonus
PHP 268,000
PHP 234,000
PHP 536,000
Projected Net
Income Annually
335 days @
335 days @
70% occupancy = 60% occupancy =
PHP 201,000
CITY LOFT MANGO LEASEBACK PROGRAM
TYPE A DELUXE
(25.5 sqm to 28.2 sqm)
7
8
6
5
4
3
UNIT 3
UNIT 4
UNIT 5
UNIT 6
UNIT 7
UNIT 10
UNIT 12
2
1
TYPE A1 CORNER DELUXE
(28.2 sqm)
20
9
UNIT 2
10
11
UNIT 13
UNIT 14
UNIT 15
UNIT 16
UNIT 17
UNIT 18
12
13
14
15
16
17
18
19
TYPE B SUPERIOR
(31.5 sqm to 37.7 sqm)
UNIT 1
UNIT 8
UNIT 9
Projected Room Rate / Night
Pro-RATA Share
UNIT 11
UNIT 19
UNIT 20
Type B
Superior
Type A
Deluxe
Type A1
Corner Deluxe
25.50 - 28.20 sq. m.
28.20 sq. m.
31.50 to 37.70 sq. m.
Php 2,000
Php 2,500
Php 3,000
1.0
1.25
1.5
CITY LOFT MANGO LEASEBACK PROGRAM
How Does the Lease-Back Program Work (Rental Pooling)?
Percentage sharing of 50% for the unit owners and 50% for the hotel / condotel operator.
Unit owners will receive monthly income based on the type of unit regardless of whether the unit was leased
or not. This is because City Loft Mango will pool together its entire total income from rental operations and
distribute this to unit owners according to the percentage sharing based on gross income.
How does City Loft Mango differ from other real estate investments?
Other condominiums grow in value over time but only the property value. The City Loft Mango grows
in value faster than other condominiums because as a condotel unit owner, you are also a member
of Club Ultima which entitles you free room nights every year which you can use at any Crown
Regency Hotel or at more than 2,900 hotels & resorts in the world affiliated with Interval International.
You can stay at City Loft Mango whenever you desire for 30 days and while you are not using it, your
condominium unit earns for you. City Loft Mango not only grows in value but will also improve your
lifestyle!
When you own a unit in City Loft Mango, you possess ownership of a prime and actively earning piece
of real estate investment whose ownership is evidenced by a CONDOMINIUM CERTIFICATE OF
TITLE (CCT).
CITY LOFT MANGO LEASEBACK PROGRAM
Who will operate the City Loft Mango upon commercialization?
City Loft Mango shall be managed by the CROWN REGENCY HOTEL GROUP, an established and
experienced hotel chain owned by the JKing & Sons Co.,Inc.whose existing hotels are:
• Club Ultima in Tower 2, Fuente Towers, Cebu
• Crown Regency Suites & Residences in Mactan
• Crown Regency Residences in Guadalupe, Cebu City
• Crown Regency Residences in Davao City
• Crown Regency Hotel & Towers in Fuente Osmeña, Cebu
• Crown Regency Hotel in Makati
• Crown Regency Resort Hotel in Station 3, Boracay Island
• Crown Regency Prince Resort in Station 1, Boracay Island
• Crown Regency Resort & Convention Center in Station 2, Boracay Island (SOON)
What is the Minimum Period of the Leaseback Program?
Upon turnover of City Loft Mango condotel unit, the unit owner may immediately lease back their unit
under the condotel operation.
The minimum period you can have your unit enrolled in rental pooling is Ten (10) Years.
CITY LOFT MANGO LEASEBACK PROGRAM
How many days in a year can a unit owner use his condotel unit for free?
Unit owners may use their condotel units for THIRTY (30) DAYS A YEAR.
Unit owners who exceed their 30 days use will have to pay 70% of the regular rental rates. However,
your payment will be included in the computation for rental revenue share and will be deducted on
your monthly rental income.
What if the unit owner was not able to use his annual Free 30 days stay privilege?
If their unit was rented out during their thirty (30) day free use allotment, they will receive their
corresponding rental share during those days their unit was rented out.
Are there association dues to be paid once the Condotel unit is enrolled
under the Lease-Back Program?
There are NO Association Dues or Maintenance Fees to be paid once a condotel unit is enrolled
under rental pooling by the unit owner. The condotel/ hotel operator shall take care of the association
dues, maintenance and security of their investment.
CITY LOFT MANGO LEASEBACK PROGRAM
If the unit owner decides not to enroll his unit under the Leaseback Program, will the unit
owner be charged of Association Dues?
Yes, if a unit owner decides not to enroll his unit under rental pooling, the owner will be charged with
monthly association dues and maintenance fees which wil be determined later on by the condotel/
hotel operator.
Are repairs shouldered by the condotel operator?
Only minor repairs shall be shouldered by the condotel / hotel operator.
Are there other expenses to be paid by the unit owner upon enrollment in the Lease-Back Program?
A fee of Fifteen Thousand Pesos(P15,000) per sq.m. is required to be paid by the unit owners
upon enrollment to rental pooling to completely furnish the unit with furniture, fixtures and other
regular hotel amenities.
A one-time joining fee of Thirty Thousand Pesos (P30,000) is required to cover contribution for
housekeeping, maintenance, uniforms, linens, etc...
For residential unit owners, they have the option to completely furnish their units at Twelve
to Fifteen thousand pesos (P 12,000 to P15,000) per sq.m.
M A N G O
F UENTE T RIANGLE
REALTY DEVELOPMENT
INVEST NOW! CALL US at:
Cebu Sales Office
Ground Floor, Tower 2, Fuente Towers
Osmeña Boulevard, Cebu City 6000, Philippines
Tel. Nos.: (+6332) 582-2211
Fax No.: (+6332) 253-5067
Mobile Nos.: (+63927) 701-1144
(+63919) 419-9888
Email: [email protected]
A project partner of
®
HOTELS & RESORTS
U LT I M A R E S I D E N C E S
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FUENTE TOWER 4