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Condotels
CJH Condotels
The Camp John Hay Condotels are 5-star condo-hotel facilities. Through a Lease-back Agreement lasting 15 years and renewable afterward, unit owners enjoy the benefit of having a return on their investment, while being afforded 30-nights per year free use of their unit or a comparable accommodation should such arrangements become necessary and convenient at the time of availment.
The CJH Hotel Corporation
- Handles all concerns pertaining to Condotel Unit Owners
- Distributes Cash Dividends
- Handles usage/bookings of the use of the complimentary night stays of Condotel Unit Owners.
Historical Leaseback Annual Benefits:
Cash Benefits: - 2002 Share per SQM @ PhP 627.91
- 2003 Share per SQM @ PhP 1,198.00
- 2004 Share per SQM @ PhP 1,750.00
- 2005 Share per SQM @ PhP 1,278.34
- 2006 Share per SQM @ PhP 1,571.32
- 2007 Share per SQM @ PhP 2,434.56
- 2008 Share per SQM @ PhP 2,500.00
Non-Cash Benefits: (Computed for a 40 sqm unit) - 30 complimentary room-nights PhP 138,000.00
- Free Monthly Dues 42,240.00
- Insurance Premium 10,000.00
- Utilities 18,000.00
- Maintenance 96,000.00
- TOTAL PhP 304,000.00
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