Millenia Tower

Condotel

The Condotel Concept
The Luxury Suites as a Way to Invest

The Return on Investment(ROI) projections are based on the supply and demand of properties int he Ortigas Center. At present, there are only a few supply of studio units or small-sized 1 and 2 bedroom. There are no supply of these type of units surrounding the University of Asia and the Pacific as well a s the Philippine Stock Exchange Center. A huge demand for studio units is already on the onset. The influx of intrenational business travellers, tourists and local travellers will generate additional demand. Investing in a Millenia Tower Suite will yield high ROI.

Options to high ROI

1. Rentals by Unit Owner
On a yearly basis, a unit owner can have the unit leased by himself or thru brokers. Due to its location and features, the Millenia Tower Suites will command hig Rental Income.

For an Excutive Studio

Investment		Php 1,325,500 (USD 23,670)
Monthly Income		Php 15,000 (USD 268)
Yearly Income		Php 180,000 (USD 3,215)

Return on Investment		Php 180,000/Php1,325,500
		13.58% per annum

2. Resale Value and Appreciation
The low Investment Price makes High Resale Value easy to attain. Price per square meter is approximately lower than competitive projects. Therefore, at the time of turnover, a unit owner may sell his unit at a minimum ROI of 30%, without considering the appreciation rate of properties in Ortigas Center which averages 10% per annum.

3. Condotel Advantage
The Millenia Tower Serviced Residences(CONDOTEL) is designed to cater to the growing neeed for 4-star hotel stays of longer staying tourists, travellers and businessman who prefers the serviced residence environment. Based on the latest findings, by the year 2008 with tourist arrivals reaching 9 million there will be a shortage of 11,000 hotel rooms.

Unit owners who put their units into the rental pool will receive substantial monthly income regardless of whether their unit is actually rented or not. They are assured that their property is being promoted all over the world as well as being beautifully maintained in first-classs condition by professional hotel management.

Profit Sharing in Condotel

Sample: pooling of 50 units

Unit Type	No. of Units	Flr Area	Total Flr Area	Projected Daily Rate	Projected Monthly Income/Unit
Executive Studio	40	24.10	964.00	1,500(USD 27)	21,717 (USD 27)
One Bedroom Suite	5	41.74	208.70	2,000(USD 36)	37,686 (USD 673)
Two Bedrom Suite	5	47.72	238.60	2,500(USD 45)	43,179 (USD 771)

	13.58% per annum		1,411.30	2,000(USD 36) *Average Daily Rate

*Based on USD 1 = Php 56

Yearly Income Distribution (based on a projected 70% occupancy rate)

70% x 365 days		255.50 days x Php 2,000.00 (Ave Daily Rate)
		Php 511,000.00/unit
Php 511,000 x 50 units		Php 25,550,000.00 (Gross Income/Year)
Hotel Management Operations (40%)		Php 10,220,000.00
Unit Owners Share (60%)		Php 15,330,000.00

Pro-rata sharing of a Unit Owner

(1)Executive Studio		24.10(unit area)/1,1411.30(total flr area)
		1.70% (percentage share)
1.70% x Php 15,330,000.00		Php 260,610 (USD 4,645)
		Php 260,610/12 months or Php 21,717.50(USD 388)/month
Return on Investment		Php 15,330,000.00 260,610/1,325,500(Investment price)
		19.66% per annum or 1.64%/month

Distinct RCI Timeshare Advantage

Since a unit owner is given Free one (1) week stay per year in any of the units in the condotel equivalent to his unit, the free (1) week stay may be exchanged with similar free (1) week stay in other resort-hotels located worldwide thru the Resort Condominiums International (RCI) Exchange System. Thus, having membership priveleges in RCI- the world's preier timeshare service provider with over 4000 affiliated resort-hotels in more than 100 countries. A unit owner will have great savings on travel expenses every year because of the flexible timeshare exchange ptions - his hotel stays are free anywhere in the world for as long as his unit is in the condotel.

Minimum 5 year ROI when unit is sold

Condotel Income (19.66% p.a. x 5 years)		98.30%
Appreciation Profit (10.00% p.a. x 5 years)		50.00%
ROI		148.30% or 29.66 per annum