Boracay Bay Paradise Resort - Other Ownership Models

Below mentioned ownership models are not considered for Boracay Bay Paradise Resort.

Time share

• time share gives the eternal right to stay for a certain period of time at a hotel or resort
• it can be from generation to generation
• additional administration and maintenance expenses are applicable
• Vacation Club benefits are sometimes included in other properties
• no other benefits are provided, such as dividends or property appreciation

Condotel

• the developer of a hotel or resort sells the individual rooms or apartments to individual investors
• the investor can give his condo back to a pool to be managed as a hotel room in his absence
• the investor receives a share of the income, investors own only their unit, but have to participate to pay for administration and common area expenses, such as air-conditioning, electricity, security, landscape, etc.
• there is usually the concern about disputes between condominium owners

House or condominium ownership

• high investment
• high financing cost, if it is not an outright cash-purchase
• there is a need for administration, up-keeping and maintenance or somebody delegated to do this tasks
• down payment is about 20% with a prolonged period of between 10 and 15 years of financing
• condo units cost somewhere from around 3-5 million Pesos, which is quite a big commitment and requires considerable cash funds and future commitment
• house that costs on cash basis around 4 million Pesos, costs actually more than 9 million Pesos with all the interests and finance charges built-in