30 room nights COMPLIMENTARY STAY every year • Transferrable (please give Authorization Letter to Property Manager) • Can be used in other Sta. Lucia Hotels / Condotels in the Philippines • RENT REVENUE – Quarterly Dividends • STA. LUCIA LAND is currently operating 3 condotels : 2 in Mactan (Sotogrande & La Mirada) and 1 in Quezon City (La Breza) • STA. LUCIA formed a Property Management group & charges only 30% management fee to ensure profit for its investors. Others charge 40% - 60% management fee. • 15 Year CONDOTEL MANAGEMENT CONTRACT • Management Group takes care of all maintenance of the unit, taxes, etc. • Property Management now have tie-ups with agoda.com, booking.com, expedia.com, orbitz.com, asiaroom.com, hotels.com, etc.
ONCE THE HOTEL / CONDOTEL IS OPERATIONAL, UNIT OWNERS CAN START GETTING DIVIDENDS PROVIDED THAT: • THEY HAVE PAID THE REQUIRED FULL DOWN PAYMENT FOR THE HOTEL / CONDOTEL PROJECT • THEY ARE A BUYER OF GOOD STANDING : MEANING THAT THE BUYER IS RELIGIOUSLY PAYING HIS/HER MONTHLY AMORTIZATION EVEN THE HOTEL/CONDOTEL IS NOT YET OPERATIONAL. (Postdated Checks [PDC’s] are required to start being entitled to dividends)
MACTAN HOTELS OCCUPANCY RATES Source: Dept. of Tourism Regional Office
CONDOMINIUM RESIDENTIAL UNITS • Sta. Lucia will accredit “REPUTABLE” brokers from Cebu with expertise on condominium rental • This is more advantageous versus only 1 company handling all rental of unit owners.