We are offering the following proposal for investors:
- Opportunity to own a piece of tropical paradise in premier vacation capital of the Philippines through acquisition of a preferred stock share ownership representing a specific condotel unit.
- Condotel Unit ownership with Club Ultima membership
- Hotel room nights privileges in any Crown Regency chain of hotels nationwide: Cebu, Davao, Makati, Mactan, Boracay.
- Access to world class facilities through Interval International hotel exchange of more than 2,000 hotels and resorts, worldwide.
- Guaranteed 45 days free nights per year accommodation even during peak season (with priority booking as unit owner).
- Projected substantial returns on investment through condotel operation.
Boracay is a tropical island conveniently located at the northwestern tip of the province of Aklan. It is a coral island with a total land area of 1,083 hectares. It is 7 kilometers long, 0.5 km. at its narrowest and 2.0 km. at its widest. Laced with a beautiful stretch of beach 4 km long that is known for its powdery white sand unequalled not only in the Philippines but anywhere else in the world.
Boracay is composed of 3 barangays of the Municipality of Malay. With a local population of about 13,000 whose main source of livelihood is tourism. The island was declared a tourist zone in 1978 and tourism development has expanded rapidly since then.
Boracay is the Philippine's major tourist destination. Tourist arrivals in 2005 was 499,457. The average yearly increase from 1998 to 2005 was about 20%. Local tourists accounted for 69% of arrivals in 2005 while foreign tourists consisted of 31% of arrivals. The influx of foreign tourist manifests an increasing trend since 2003, with Koreans registering the single largest nationality that visited the island, accounting for 65% of foreign tourists.
Project
Name:
Crown Regency Resort & Convention Center (Construction starts November, 2007)
Area:
382-room resort condotel with an approximate area of 12,000 sq.m.
Location:
- Located in Barangay Balabag along the main road of Central Boracay.
- Only a 3-minute leisure walk (5-meter wide brick flooring) to the Station 2 Beach.
- Only 5-minute walk to Bolabog Beach
- Safe, located near Boracay Police & Coast Guard station.
Structure:
- Three and a half stories high
- Guests will have access to the best facilities:
- The largest swimming pool in Boracay (2,500 sq.m.)
- 1,200-person capacity Convention Center
- Mermaid Performance Pool
- Laundromat
- Food and Beverage outlets