Own a premier condo unit - own a condominium unit
located with the city proper that is in close proximity to
schools,business centers,malls and hospitals. Ramos Tower will be
managed by an experienced and established hotel management operator.
Why Invest in Ramos Tower?
It has an affordable Payment Scheme. Ramos Tower UNits
- NO downpayment , 25,000.00 pesos reservation fee , 12,000.00 per
month for Forty-Eight (48) months , On the 49th month, 70% remaining
balance can be financed through bank financing or PAG-IBIG.
Club Membership - 30% - Off on the standard price , 10,000.00 pesos
reservation fee, 5,000.00 pesos per month for the remaining balance
unit payment is completed.
1. Percentage sharing of 50% for the unit owners and 50% to the
condotel / hotel operator.
2. Unit owners will receive monthly income based on the type of unit
regardless of whether the unit was leased or not. This is because
Ramos Tower will pool together its entire total income from the rental
operations and distribute this to unit owners according to the
percentage sharing based on gross income.
What is the minimum period of the Lease -
Back Program ?
1. Upon turnover of Ultima REsidences - Ramos Tower Condotel Unit, the
unit owner may immediately lease-back their unit to the condotel
operator.
2. The minimumu period you can have your unit enrolled in the rental
pooling is ten (10) years.
Location of Ramos Tower
Ramos Tower is located two blocks away from Club Ultima,
it is very close to Velez College of Medicine and Hospital and
University of San Carlos, few meters away from shopping center like
Robinsons Place and Ramos Street. Corner Villanueva and Junquera
extensions.
Why Invest in Ramos Tower
Why Invest? As a unit owner, you can use your unit for
free for a 30-day benefit and you will have 335 days for lease-bacl
program. Let us compute the projected income based on the assumption
of a 2,000.00 pesos room rate per day and at different occupancy
rates. ( Based on a 28.00 sqm unit)
335 days at 80%
occupany =
335 days at 70%
occupancy =
335 days at 60%
occupancy =
268 days
234.5 days
201 days
x 2,000.00 per day
x 2,000.00 per day
x 2,000.00 per day
536,000.00
469,000.00
402,000.00
Deduct approximately 50%
as management fee taxes, incentives,bonuses,etc.
Deduct approximately 50%
as management fee,taxes,incentives,bonuses,etc.
Deduct approximately 50% as
management fee, taxes, incentive, bonuses, etc.
Projected Net
Income Annually
268,000.00
234,000.00
201,000.00
How does Ramos Tower
Condotel differ from other real estate investments?
1. Other condominiums grow in value over time but only the property
value. The Ramos Tower condotel grows in value faster than other
condominiums because as a unit owner you are also a member of Club
Ultima that entitles you room nights every year with which you can use
at any Crown Regency Hotels or at more than 2,000 hotel and resorts in
the world affliated with Interval International.
You can also make use of your own unit whenever you desire, and while
you are not using it, your condominium unit earns for you. Ramos Tower
property not only grows in value but also changes your lifestyle!
2. When you own a unit in Ramos Tower, you possess ownership of a
prime and actively earning piece of real estate investment whose
ownership is manifested by a Condominium Certificate of Title ( C.C.T.).
Who will operate or manage the
Ramos Tower condotel upon commercialization? Ultima Residences - Ramos Tower, shall be managed by the
Crown Regency Hotel Group, an established and experienced hotel chain
owned by the J. King & Sons Company, Inc. whose existing hotels are:
Club Ultima - Fuente Tower 2, Osmeņa Boulevard,
Cebu City, Cebu
Crown Regency Suites & Residences - Mactan
Island, Cebu
Crown Regency Residences Cebu - Guadalupe, Cebu
City, Cebu
Crown Regency Residences Davao - Agdao, Davao
City, Davao del Sur
Crown Regency Hotel & Towers - Osmeņa Boulevard,
Cebu City, Cebu
Crown Regency Hotel - Makati City, Metro Manila
Crown Regency Resort Hotel - Station 3, Boracay
Island
Are repairs shouldered by the condotel operator?
Only Minor repairs shall be shouldered by the condotel / hotel
operator.
How many days in a year can a
unit owner use his condotel unit for free?
1. Unit owners may use their condotel unit for Thirty (30) days a
year.
Unit owners who exceed their thirty - (30) day 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 from your monthly rental income.
What if the unit owner was not able to use
his day benefit in a year?
1. If their unit was rented out during their thirty - (30) day
allotment, they will receive rental share for that period.
If the unit owner decides not
to enroll his unit under the Lease-Back Program, will the unit owner
be charged of association dues?
1. 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 will be detemined later on by the
condotel / hotel operator.
Are there association dues to be paid once the condotel unit is
enrolled under the Lease-Back Program?
1. 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.
Are there other expenses to be
paid by the unit owner upon enrollment in the Lease-Back Program?
1. A fee of Fifteen Thousand Pesos (15,000.00) per square meter is
required to be paid by the unit owners upon enrollment to rental
pooling to completely furnish the unit with furnitures, fixtures, and
other regular hotel amenities.
2. A one-time joining fee of Thirty Thousand Pesos (30,000.00) is
required to cover contribution for housekeeping, maintenance,
uniforms, linens, etc.
note: Fore residential unit owners, they have the option to completely
furnish their units at Twelve Thousand Pesos (12,000.00) to Fifteen
Thousand Pesos (15,000.00) per square meter.
