02/05/2016
STA. LUCIA LAND’S
CONDOMINIUM HOTEL “CONDOTEL”
WHAT IS A CONDOTEL?
A condominium project that is operated as a hotel with a registration desk, cleaning service and more. The units are individually owned. Unit owners also have the option to place their unit in the hotels rental program where it is rented out like any other hotel room.
WHO WILL OPERATE THE CONDOTELS?
All Sta. Lucia condotel projects will be operated by Sta. Lucia’s Hotel Management Group, a wholly-owned subsidiary of Sta. Lucia Land Inc. A company dedicated established in 2008 and is currently operating 3 condominium hotel projects of Sta. Lucia : Sotogrande, La Mirada and La Breza.
HOW LONG WILL THE UNIT BE PART OF THE HOTEL POOL?
The condotel will be operated for 15 years.
WHAT BENEFITS DO I GET IF I INVEST IN CONDOTEL
Quarterly dividends
30 room nights free every year – option to use 3 nights/year/other hotel of Sta. Lucia
Even if your particular unit is not leased or use, you still get income
WILL UNIT OWNER STILL GET DIVIDENDS EVEN IF UNIT WAS NOT RENTED?
Yes! A condominium hotel owner will still be entitled dividends in Net Room room Revenue regardless of whether owner’s unit was actually rented or not. Net Room revenue generated from all hotel units are to all hotel unit owners (per sq.m. basis) after the end of each quarter.
WHAT ARE THE ADVANTAGES OF STA. LUCIA AS HOTEL OPERATOR
A “worry free” investment because the hotel operator manages the leasing of the hotel rooms, their maintenance, refurbishment and improvement as well as their operating expenses, real property taxes, association dues, common area charges, utilities, insurance and other related expenses
An independent auditor, accredited with the Philippine Securities and Exchange Commission, will be hired to audit, examine or review the hotel operator’s annual operating statement.
Very low property mgmt fee of 30% only compared to others with 50% - 60%
Experienced hotel property mgmt group with 3 operational hotels to date –really after the income commitment to investors
Property Management now have tie-ups with agoda.com, booking.com, expedia.com, orbitz.com, asiaroom.com, hotels.com, etc.