RAMOS TOWER (Condotel), Cebu City

Ramos Tower Condotel Own a premier condo unit - own a condominium unit located with the city proper that is in close proximity to schools,business centers,malls and hospitals. Ramos Tower will be managed by an experienced and established hotel management operator. Why Invest in Ramos Tower? It has an affordable Payment Scheme. Ramos Tower UNits - NO downpayment , 25,000.00 pesos reservation fee , 12,000.00 per month for Forty-Eight (48) months , On the 49th month, 70% remaining balance can be financed through bank financing or PAG-IBIG. Club Membership - 30% - Off on the standard price , 10,000.00 pesos reservation fee, 5,000.00 pesos per month for the remaining balance unit payment is completed. RAMOS TOWER PRICELIST Ramos Tower Lease - Back - Program How does the program work ( Rental Pooling ) ? 1. Percentage sharing of 50% for the unit owners and 50% to the condotel / hotel operator. 2. Unit owners will receive monthly income based on the type of unit regardless of whether the unit was leased or not. This is because Ramos Tower will pool together its entire total income from the rental operations and distribute this to unit owners according to the percentage sharing based on gross income. What is the minimum period of the Lease - Back Program ? 1. Upon turnover of Ultima REsidences - Ramos Tower Condotel Unit, the unit owner may immediately lease-back their unit to the condotel operator. 2. The minimumu period you can have your unit enrolled in the rental pooling is ten (10) years. Location of Ramos Tower Ramos Tower is located two blocks away from Club Ultima, it is very close to Velez College of Medicine and Hospital and University of San Carlos, few meters away from shopping center like Robinsons Place and Ramos Street. Corner Villanueva and Junquera extensions.

Why Invest in Ramos Tower Why Invest? As a unit owner, you can use your unit for free for a 30-day benefit and you will have 335 days for lease-bacl program. Let us compute the projected income based on the assumption of a 2,000.00 pesos room rate per day and at different occupancy rates. ( Based on a 28.00 sqm unit) 335 days at 80% occupany = 335 days at 70% occupancy = 335 days at 60% occupancy = 268 days 234.5 days 201 days x 2,000.00 per day x 2,000.00 per day x 2,000.00 per day 536,000.00 469,000.00 402,000.00 Deduct approximately 50% as management fee taxes, incentives,bonuses,etc. Deduct approximately 50% as management fee,taxes,incentives,bonuses,etc. Deduct approximately 50% as management fee, taxes, incentive, bonuses, etc. Projected Net Income Annually 268,000.00 234,000.00 201,000.00 RAMOS TOWER PRICELIST How does Ramos Tower Condotel differ from other real estate investments? 1. Other condominiums grow in value over time but only the property value. The Ramos Tower condotel grows in value faster than other condominiums because as a unit owner you are also a member of Club Ultima that entitles you room nights every year with which you can use at any Crown Regency Hotels or at more than 2,000 hotel and resorts in the world affliated with Interval International. You can also make use of your own unit whenever you desire, and while you are not using it, your condominium unit earns for you. Ramos Tower property not only grows in value but also changes your lifestyle! 2. When you own a unit in Ramos Tower, you possess ownership of a prime and actively earning piece of real estate investment whose ownership is manifested by a Condominium Certificate of Title ( C.C.T.).

Who will operate or manage the Ramos Tower condotel upon commercialization? Ultima Residences - Ramos Tower, shall be managed by the Crown Regency Hotel Group, an established and experienced hotel chain owned by the J. King & Sons Company, Inc. whose existing hotels are: Club Ultima - Fuente Tower 2, Osmeña Boulevard, Cebu City, Cebu Crown Regency Suites & Residences - Mactan Island, Cebu Crown Regency Residences Cebu - Guadalupe, Cebu City, Cebu Crown Regency Residences Davao - Agdao, Davao City, Davao del Sur Crown Regency Hotel & Towers - Osmeña Boulevard, Cebu City, Cebu Crown Regency Hotel - Makati City, Metro Manila Crown Regency Resort Hotel - Station 3, Boracay Island Are repairs shouldered by the condotel operator? Only Minor repairs shall be shouldered by the condotel / hotel operator.

How many days in a year can a unit owner use his condotel unit for free? 1. Unit owners may use their condotel unit for Thirty (30) days a year. Unit owners who exceed their thirty - (30) day use will have to pay 70% of the regular rental rates. However, your payment will be included in the computation for rental revenue share and will be deducted from your monthly rental income. What if the unit owner was not able to use his day benefit in a year? 1. If their unit was rented out during their thirty - (30) day allotment, they will receive rental share for that period.

If the unit owner decides not to enroll his unit under the Lease-Back Program, will the unit owner be charged of association dues? 1. Yes. if a unit owner decides not to enroll his unit under rental pooling, the owner will be charged with monthly association dues and maintenance fees which will be detemined later on by the condotel / hotel operator. Are there association dues to be paid once the condotel unit is enrolled under the Lease-Back Program? 1. There are NO association dues or maintenance fees to be paid once a condotel unit is enrolled under rental pooling by the unit owner. The condotel / hotel operator shall take care of the association dues, maintenance, and security of their investment.

Are there other expenses to be paid by the unit owner upon enrollment in the Lease-Back Program? 1. A fee of Fifteen Thousand Pesos (15,000.00) per square meter is required to be paid by the unit owners upon enrollment to rental pooling to completely furnish the unit with furnitures, fixtures, and other regular hotel amenities. 2. A one-time joining fee of Thirty Thousand Pesos (30,000.00) is required to cover contribution for housekeeping, maintenance, uniforms, linens, etc. note: Fore residential unit owners, they have the option to completely furnish their units at Twelve Thousand Pesos (12,000.00) to Fifteen Thousand Pesos (15,000.00) per square meter.

As of July 2008, all units were sold out. But the penthouse units were converted to typical units thus opening new units for sale. We are happy to inform everyone that we are extending our 3-3-3 RAMOS CONDOTEL PROMO: Wherein your 30% down payment is payable in 3 months maximum and pay ONLY 30% of the price of Club Ultima Individual A Membership. Mechanics : A condotel buyer who purchases a unit at 30% DP payable in 3 months means he is eligible to purchase the required Club Ultima Membership (Individual A) at only 30% of existing selling price provided the membership is paid within 30 days from the date of reservation. Php 301,134 X 30% = Php 90,340.20 SAVE 210,793.80!!!

RAMOS TOWER PRICELIST

Ultima Residences Payment Terms Reservation Fee : Ph 50,000 Pesos Option 1 • Downpayment is 20% of total contract price payable in 6 months without interest • 50% payable in 3 years with no interest • The balance of 30% payable upon turn-over of unit Option 2 • Downpayment is 30% of total contract price payable in 6 months without interest • 50% payable in 3 years with no interest • The balance of 20% payable upon turn-over of unit

For Project briefing, Please call the undersigned and for any additional information you might need. Thank you very much, best regards and God bless!

Very Truly Yours,

REALTOR SAMUEL "SAM" LAO
Mobile # (Phil.) - 0918.9236123
Telephone # - 032-5166194

Email Address : laosamuel@yahoo.com

---

Disclaimer:

The information contained in this website is for reference only. While every reasonable care has been taken in the preparation of this site, the owner or its representative and agents shall not be held responsible for any inaccuracies. Nothing contained herein shall constitute or be construed as an offer, representation or warranty whether expressly or implicitly on the pact of the owner or its representatives or agents. Interested person are advised to make their own inquiries and satisfy themselves in all respects.