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The Lodgings

Overview of The Lodgings, Boracay

• A cluster of 7 Villas near the entrance of Fairways & Bluewater
• 72 units per villa
• Initially 6 villas to be put up or a total 432 units in all.
• Fil-Estate Urban will finance 2 villas while the other 4 will be financed by various joint venture partners
• Unit sizes range from 30, 32 and 35 sq. m.

Download the prices, terms and sample computation for The Lodgings, Boracay

The Condotel Concept

Being sold are the most prime condominium units in Boracay. Buyers therefore, become co-owners of the interiors of the purchased unit, the common areas of the condominium and the lot where the building stands which is more or less 2,500 square meters.

Each unit will be covered by a Certificate of Condominium Title (CCT).

Each unit will be leased back to the Club for 15 years to be managed and operated as a hotel. The unit shall be part of the pool of rooms for rental and operated by Newport Creek Holidays, Inc.

During the leaseback period, the unit owner maintains the option to sell his unit anytime provided the taker will abide, assume and continue with the leaseback agreement.

After 15 years, the unit owner will have the option to renew the lease for an additional 15 years to the hotel operators or rent it out on his own.

The Benefits

• Secured Investment evidenced by a Condominium Certificate of Title
• Worry-free ownership during the leaseback period
• 30 Days of free and reserved 5-star accommodations
• Flexibility in usage of 30 days
• 1 week out of 30 days can be used during peak seasons
• Access to Club Membership privileges, i.e., free access to club facilities.
• 100% Unit Owner’s share of Net Income from hotel operations
• Quick Return-on-Investment (ROI) / Recurring Income
• High appreciation value of real estate property (average of 16% per annum during the past 5 years)
• Global Marketability
• Pride of ownership of a property in the number one tourist destination of the Philippines

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