We have a team of five members who visited Boracay to do a basic market research on the potential of selling real estate properties in the island. 

We found out that last year, very close to 500,000 tourists from all over the world came to the Best Tropical Beach in the World.  And the local government is gearing up for 1 Million visitors by 2010.  There are plans to improve the infrastructure in the island to prepare for the influx of visitors in the coming years, as such, a terminal Fee of P 50 is imposed to tourists and this fund will be used to build better facilities.

There are a number of Condominiums being built in the island which is purposely made to be operated as a Condominium Hotel, meaning, these are units that can be sold to private individuals and corporations who wish to have a vacation place in BOracay and earn on rental income when they rent the units the rest of the time that they are not around.  There will be a corresponding sharing of the rental rates that ranges from 30/70 sharing to 50/50 sharing.  For example, if a unit is rented at $100 per night, then the unit owner gets the $30 and the %70 goes to the hotel operator, or if 50/50 then $50 goes to the unit owner, then the other $50 goes to the hotel operator. There are units that are at $180 and above.

Owning a condotel is one of the best rental properties one can own today, especially of it is situated in a World Class Tourist Destination like Boracay Island. Compared to renting a residential condominium that rents lower and long term, a Condotel is rented at so much higher rates that equates to a bigger rental income, and a residential condo is not maintained as much as a hotel where the unit is made sure to be in its tip top condition and cleaned often.

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