Understanding the Condotel Concept
How will I Earn?
What is the Advantage of Having a Condotel in Tagaytay?
Why a CitiGlobal Condotel in Tagaytay?
What is the Assurance That My Unit Will Be Rented Out ?
Why is Now the Best Time to Invest?
Frequently Asked Questions
The concept of condominium hotels
is not yet widely understood by first-time property investors
from the Philippines and abroad.
Little do they know that it serves as a great opportunity for investors
and wanna-be investors alike,
catering to real-estate novices looking for a less-risky investment
as it promises a guaranteed return-on-investment to unit owners.
Clients purchase a unit in the same way a condominium is bought
(this is not a timeshare, in that you own the unit and have the rights to it).
It will operate like a hotel,
mimicking its operations, management, and the quality of its facilities.
A well-experienced, world-class hotel operator will run it,
which is usually a third-party organization independent from the developer of the property.
Unit-owners earn by a receiving a ‘share’ of the total profit of the hotel operations.
Initial agreement between the two parties:
● on whether the unit owner desires to be a part of the operations
and the specifications on the way it will be run
should the unit be enrolled into the rental program.
UNDERSTANDING THE CONDOTEL CONCEPT
No need to worry about advertising,
entertaining prospects / documentation / closing deals.
Leave it to the experts to do it for you.
Just wait for the money to come in!
WHAT’S A CONDOTEL?
It’s a condominium project which operates like a hotel,
and includes its services, operations, facilities, and what not.
Owners can gave their units rented out like any other hotel.
WHAT IF ONE UNIT IS RENTED OUT MORE?
A unit owner will still be entitled to dividends
in net room revenue from all hotel units on per square meter basis.
WHY CITIGLOBAL CONDOTEL?
We cater to the Overseas Filipino Workers and their needs.
We charge a low property management fee,
by an experienced international hotel operator.
We also provide options to use it for vacation.
There is lesser risk in real estate compared
to putting your money in the volatile stock market.
Investing in such also provides more profit
than leaving one’s money in the bank
or other ‘safe’ paper investments such as bonds and mutual funds.
The unit owner is not only entitled to profit,
but also owns a certain share of the value of property,
in the case of liquidation of the asset /
wanting to passing it on to future generations.
He / she also enjoys free
hotel stays throughout the year.
All parts of the operations—
from managing to advertising will be taken cared of by the hotel operator,
hence the unit owner has nothing to worry about
but to sit and wait for the returns to come in.
He / she is, however, entitled to financial and
operational reports prepared by the hotel operator.
HOW WILL I EARN?
The unit owner is entitled to a share of net room revenue on a per square meter basis.
Thus, there is still profit received even though
no one has occupied his / her specific unit.
The income will be distributed as dividends,
to be paid out monthly / quarterly—
in cash / check / deposit, depending on what has been agreed upon.
Tagaytay Clifton Resort Suites earns an average of P1,000,000 / month and has a total of 1,000SQM floor area.
Juan dela Cruz owns 25SQM. How much will he earn?
1. P1,000,000 / 1,000SQM = P1,000 / SQM
2. P1,000 x 25SQM = P25,000 is how much Juan dela Cruz earns / month on average
● Operational expenses.
This includes expenditure on maintenance,
direct costs on utilities, insurance coverage, marketing, labor, and advertising expenses, etc.
● Management expenses.
This includes the hotel management fee (more or less 30%).
A hotel operator merely earns through a share of rental income,
and is a good way to make sure there is much effort in renting out the units.
This is NET OF OPERATIONAL EXPENSES.
Please see a sample computation of net earnings below, for a 25SQM unit.
WHAT IS THE ADVANTAGE OF HAVING A CONDOTEL UNIT IN TAGAYTAY?
Our site is only one bus ride away,
which makes it much easier to commute to.
It is located near schools, establishments
(with a commercial establishment 1 minute away and a future mall across it), golf courses, etc.
It is very close to most tourist spots in Tagaytay,
as well as nearby cities in Cavite and Batangas.
Contrary to popular belief that commuting at provinces is harder given the resources,
Tagaytay has just stepped up their game
by introducing a new central terminal perfect for people
who want to be transferred to the best spots in the city.
The Tagaytay Central Terminal can easily transfer you to our location,
as well as schools, establishments, golf courses, etc.
TOURIST SPOTS NEAR TAGAYTAY CLIFTON RESORT SUITES
This project is located in Brgy. Amulong, Alfonso, Metro Tagaytay
The place is also known to become a flourishing metropolis,
with investment opportunities here and there
as more tourists flock to the place and alternative routes are being built
(such as the CTBex (Cavite – Tagaytay – Batangas Expressway)
which happens to be a few meters away from our site).
Despite that, the site is still located in a more quiet,
residential atmosphere with sights of the Batangas landscape.
A designer outlet at Silang, Cavite (near Tagaytay) is also set to rise.
The Acienda Designer Outlet will give an opportunity for South residents
to buy top-of-the-line designer bags, clothes, shoes,
and more on a more affordable rate.
This P2.5-B shopping hub is the first in its area,
so no need to travel to Manila to get your hands on the best products.
Based on statistics,
from the 1.7 million visitors in Tagaytay last 2014,
2017 is expecting 3.5 million tourists (up by 1.8 million in 3 years’ time),
signifying a continuous increase in tourism in the area.
As more developments arise,
foot traffic increases, and so does return on investment.
Known as second to Baguio,
Tagaytay will serve up the best climate the whole-year round,
making it a great place for rest and relaxation!
WHY A CITIGLOBAL CONDOTEL IN TAGAYTAY?
Because YOU CAN ENJOY…
● a longer free stay than most condo-tels
● hotel operations that will not dissolve after the next 15 years
● a mid-rise building, with 70-80% open space
● a lower management fee than usual
● a prime location
● a more reasonable price with flexible payment schemes and no down payment
● enjoy the company and approval of none other than Bossing Vic Sotto
TAGAYTAY CLIFTON RESORT SUITES
Lobby / Reception
Eco Roof Deck
I learned that CitiGlobal is focused on providing leisure properties.
Pero ‘di tulad ng ibang nagbebenta ng rest house o luxury condotel,
ang tinutulungan ng CitiGlobal na magkaroon ng ganitong property
ay mga ordinaryong OFWs.
CitiGlobal believes that OFWs who have been working for so many years abroad
deserve to reward themselves with wonderful things
that are otherwise enjoyed by rich people.
Apart from owning their own homes,
OFWs should also enjoy having another property that is really an investment–
yung pwede nilang gamitin for vacation
at yung pwede rin nilang pagkakitaan. I
tong klaseng money-making at vacation properties
ang specialization ng CitiGlobal.
WHAT IS THE ASSURANCE THAT MY UNIT WILL BE RENTED OUT?
The condotel operations provide a lucrative income stream.
First reason being there will be plenty of future establishments surrounding the area,
such as the future mall across it and the future CAVITEX extension
which provides an alternative route to the site itself.
Another factor is that the hotel management will be in charge of the operations.
They’ll have a marketing and advertising initiatives
which includes partnerships with booking sites,
coupon deals and other promos that’ll keep people coming in,
even during lean season.
Aside from this, management will not earn if they do not rent out your units
because of the commission basis (see the computation above).
There will also be a guaranteed rate to be agreed upon
in the contract of the hotel management before they take charge.
This is a property primarily constructed for business purposes
and was set from the beginning to operate as a hotel.
(Though having it used as a residential unit is also possible.)
CITIGLOBAL CLIFTON RESORT SHOWROOM
WHY IS NOW THE BEST TIME TO INVEST?
Take advantage of the pre-selling rates and payment schemes
(no down payment, long-term installment).
Enjoy a 200-300% increase in unit value upon full construction,
should you decide to put up your unit for sale any time after turnover.
Tagaytay is already a growing city,
but there is still much it will appreciate to.
Grab the opportunity now while it is still in your hands!
OPPORTUNITY TO EARN PROFIT
Appreciates up to 2-3 times its price today,
earning you at least P2M in net profit. Re-sell at a higher value!
LONG-TERM PAYMENT OPTIONS
Up to 5 years no interest! Let your income pay the balance for you.
AFFORDABLE MONTHLY PAYMENTS
Starting only P9,500 / month.
Sa CitiGlobal, gusto kong magpasalamat.
I want to take this opportunity to thank CitiGlobal
and lahat ng incorporators, staff and everyone
for giving us this opportunity to invest a property
with CitiGlobal kasi ito ay isang property na mag- appreciate, not depreciated.
Hindi masasayang ang pera na pinaghirapan ng asawa ko.
Mrs. Rosalia Igban, wife of Mr. Alfred Igban, OFW from Middle East
I‘m looking forward to it, very excited, of course.
Nakita ko naman yung possible development,
kaya nagkaroon ako ng trust.
Mrs. Eva Sano, OFW from Japan
I think that is given that we are all hardworking people
and kahit na mahirap, we will adjust and adapt to any situation.
Ang ano ko lang is for you to save up.
Ms Grace Alfonso, OFW from California
It’s fulfilling. Kasi sinasabi ng iba, porket OFW ka, hindi ka nag-iipon.
So once na umuwi na ang mga OFW, wala silang ipon.
Sa akin, masaya ako, parang kumpleto.
Kasi parang yung pinaghirapan mo, naipangbili mo ng bahay. It’s all worth it.
Mr. Alex Labay, OFW from Canada
FREQUENTLY ASKED QUESTIONS
Will the condominium dissolve in 50 years?
No, only the condominium corporation / homeowners’ association will be RENEWED every 50 years,
not the structure itself.
It will be up to the members of the corporation (the unit owners)
to decide whether or not to maintain the building,
to build a new building, or to sell the unit (and liquidate the proceeds) in the long run.
How will we inform the hotel operator
of our interest in staying in our unit?
There will be a system and conditions for informing the hotel operator in advance,
which will be finalized and discussed with the unit owners before turnover.
Are relatives also entitled to a free stay and use of the unit?
Yes, this is possible.
As a unit owner, can I decide to pull out of the condotel operations?
Yes, your unit may be used as a residential property
and not occupied for rental operations.
You may pull out, then enroll again, as well.
How do I avail of a unit?
Purchase is the same way a regular condo unit is bought:
Tagaytay Clifton Resort Suites is registered in HLURB and has a license to sell LTS # 029038
This is a joint marketing effort of British & Far East Traders
and The CitiGlobal Inhouse Sales Team.
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