Mondavi Condotel

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Information about Mondavi Condotel

Published on September 18, 2008

Author: lauron


Project Portfolio : Project Portfolio Project Portfolio : Project Portfolio Almost three decades of solid experience in building prestigious developments… La Finca Farm and Country Resort. Tagaytay Highlands and Country Club, Sta. Elena Golf Community, Caylabne Bay, and more… La Finca Farm & Country ResortLipa City, Batangas : La Finca Farm & Country ResortLipa City, Batangas Leisure Farm/Residential Resort Construction Cost: P170 million Year completed: 2003 Scope of Work: Irrigation Lagoon Clubhouse Parks and recreational facilities Greenhouse 18 ha. Land development Tagaytay HighlandsTagaytay City, Cavite : Tagaytay HighlandsTagaytay City, Cavite Golf Course & Country Club Construction Cost: P175 million Year completed: 1992 Completed Work: 18-hole golf course Clubhouse 110 ha. Land development Mountain RidgeTagaytay City, Cavite : Mountain RidgeTagaytay City, Cavite Condominiums Construction Cost: P83.4 million Year completed: 1996 Completed Work: 15 unit townhouse Clubhouse Administration Building 12 ha. Land development Slide 8: Caylabne Bay ResortTernate, Cavite Beach Resort & Marina Construction Cost: P55 million Year completed: 1982 Completed Work: 42 unit Condominium Administration Building Breakwater Land development Slide 9: Sta. Elena Golf CommunityCabuyao, Laguna High-End Residential Construction Cost: P94 million Year completed: 2001 Completed Work: 14 ha land development Roads Drainage Sewer Lines and Sewer Treatment Plant Water lines and Reservoir Underground Electrical, Telephone, and Cable Clubhouse Slide 10: CarmelRay Industrial ParkCalamba, Laguna Industrial Parks Year completed: 2001 Completed Work: Design-Build Contract Architectural finishes Structural Mechanical Plumbing Electrical Fire Protection Site development Parking & access road Corporate Profile : Corporate Profile Landenmore Properties, Inc. (LPI) headed by its Chairman and voted President and Chief Executive Officer, Mr. Emil L. Perez, Jr., is a subsidiary of Major Holdings, Inc. one of the top and reliable development companies with more than 25 years of solid experience, led by its Chief Executive Officer, Mr. Jose Francisco A. Oreta V.  The company was incorporated in November 2007. Incorporator includes Mr. Paul Asuncion, a real estate investor in North America. Corporate Direction : Corporate Direction The company’s objective is to be one of the top 10 real estate companies in five years. Positioned to break new ground in REDEFINING AFFORDABILITY, and create one of the most prestigious and REAL hyper-amenitized comprehensive mixed-use developments in the country. Company Executives : Company Executives The President/ CEO, Mr. Perez has more than 15 years experience in real estate marketing and development.  Portfolio includes projects in the Fort Bonifacio Global City, Makati, Mandaluyong and greater Manila and also nearby cities in the CALABARZON area. Slide 15: Jose Francisco “Quinto” Oreta V is the Group President of the Major Holdings Group. He assumed the position early last year as his mentor and father, Atty. Mario Oreta, founder of the Major Holdings Group, moved on to another phase of his career. Company Executives The Project: SONOMA : The Project: SONOMA Project : Project Sonoma, the company’s pioneering project will consist of several five to ten storey condominium hotels, first of which is Mondavi.  Each character is designed to have its own theme and offers an unobstructed view of the whole terrain.  With its twenty to twenty five storey vision tower, Sonoma gives the view of Tagaytay, Laguna, Batangas and greater Manila for free.  This is one of the best reasons to invest in your Mondavi vacation home, which at the same time, your first home. Project : Project Inspired by the uniqueness of famous landmarks and the classic taste of NapaValley comes a prestigious development that will provide a universal lifestyle for the citizens of the world. . . Mondavi Preliminary Perspective and for Announcement Purposes Only Slide 19: Project Manmade Lagoon with Kayaks and water bikes Slide 20: Project Manmade Beach with Thrilling Waves Slide 21: Project Dancing Fountains interplaying with Laser Lights Slide 22: Project The country’s First Observation Tower Slide 23: Project Events Place Slide 24: Project Upscale Promenade which houses Branded Retail Shops and Luxurious escapes Slide 25: Mondavi Slide 26: Location Mondavi is located at km 47 Aguinaldo Highway, 8.5 kms. from Tagaytay Rotonda. It is accessible 24 hours thru land and public transportation via Aguinaldo Highway. Slide 27: Amenities and Features Gated Community All characters (Towers) have their own state of the art security 20 – 25 storey Observation Tower has views of Tagaytay, Batangas, Laguna and Metro Manila Man-made lagoon Artificial beach with exciting waves Dancing Fountain with laser lights Promenade with branded retails shops Sports facilities and Sports academies Full service 24/365 clubhouse With pocket parks and playgrounds Free shuttle service to Tagaytay rotonda Slide 28: Why Mondavi is an investment? PRIVACY AND EXCLUSIVITY Mondavi unit owners are privileged to enjoy the privacy of their homes and the exclusivity of the grandest of amenities and retail shops, a truly luxurious experience. Slide 29: Why Mondavi is an investment? 100% Ownership Mondavi condotel unit owners are given absolute ownership to their property through a Condominium Certificate Title (CCT). Slide 30: Why Mondavi is an investment? Return on Investment Mondavi condotel unit owners are given the option to join the Condominium- Hotel program whereby owners may enjoy the opportunity to earn monthly rental income of which sharing will be determined at a later date, estimated at about 50-50% sharing. Slide 31: Why Mondavi is an investment? First and a Vacation Home Because of a very strategic location, we take pride in our market positioning that Mondavi is not just a vacation home but a first home as well. Slide 32: Why Mondavi is an investment? Hyper-Amenitized Development We will provide our owners the country’s first observation tower and dancing fountain. Slide 33: Why Mondavi is an investment? Affordability Redefined Priced at P1.7million that can be amortized in twenty years making our project, although upscale, affordable. Privileged buyers can already own a fully-fitted, fully-furnished 2-BR loft condotel unit in Mondavi at this price point. Unit owners can also avail of no interest payment scheme in two years. Slide 34: Why Mondavi is an investment? Global Marketability Because of a very comprehensive approach in terms of market needs, Mondavi is positioned to cater OFW’s and retirees. Slide 35: Why Mondavi is an investment? Quality Workmanship With Major Homes’ more than 25 years of development track record and past prestigious projects delivered with unquestionable craftmanship, quality of Mondavi is expected to be at par excellance. Slide 36: Why Mondavi is an investment? Turnover Date Mondavi unit owners can enjoy their exclusive privileges in luxurious lifestyle between two and a half years. Slide 37: Projected Return on Investment Occupancy Rate 60% No. of nights per month 30 Room rate (average) 3,000 – point of reference: Tagaytay hotels and inns Room revenue Php54,000 Unit owner’s share (50%) Php27,000 Annual income per unit Php324,000 – will start on the 3rd year Investment Php556,000 Annual return per unit 58.27% - first 2 years from date of delivery Payback (years) 2 years from date of delivery Average monthly amortization Php12,000 Net monthly income Php15,000 Slide 38: Mondavi Condotel Concept What is Mondavi Condotel Concept? Mondavi Condotel is a condominium - hotel project offered for purchase to be owned by individual owners who have an option of renting it out as a hotel suite when not in use, which will be managed by a professional condotel/hotel management operator. Mondavi Condotel offers fully-fitted, fully-furnished units with complete amenities, facilities and services similar to a 5-star resort hotel. Owners of Mondavi condotel unit may produce rental revenues, making the ownership of a unit an income-generating investment for them. Slide 39: Mondavi Condotel Concept How does Mondavi Condotel operate? Mondavi, upon condotel operation and commercialization, will generally operate like a resort-hotel. Individual owners may use their condotel units, however, it is limited only to a certain number of days for an entire year if their unit is enrolled under the condotel program. Units that are enrolled will be managed by a professional condotel/hotel management operator that will handle bookings, reservations and other services. Unit owners need not worry about maintenance, housekeeping and other concerns or problems common in conventional leasing. On the other hand, owners who do not choose to enroll their units under the condotel program may use their units as a vacation home or as their first home. Slide 40: Mondavi Condotel Concept Who will operate Mondavi upon hotel operation and commercialization? Mondavi shall be managed by a professional condotel/hotel management operator that will be determined later on. They will be in charged of bookings and reservations, maintenance of the property and operation of hotel services such as housekeeping, food and beverage and concierge. Slide 41: Mondavi Condotel Concept How can my unit be qualified to enroll under the Condominium Hotel Program? Upon turnover of the unit, owners may opt to enroll in the program immediately. Slide 42: Mondavi Condotel Concept What is the maximum period of having Mondavi units enrolled in the program? The minimum period you can have your unit enrolled is to be determined by a later date upon the signing of the MOA among Major Homes, Mondavi association and the hotel management. Slide 43: Mondavi Condotel Concept How many days in a year can I use my condotel unit for personal use? Is it free? Unit owners may use their condotel units for fifteen (15) days a year. Unit owners will also have to pay 50% of the regular rental rates. However, your payment will be included in the computation for rental revenue share and will be deducted on your monthly rental income. THESE ARE ESTIMATES AND NUMBERS MAY VARY AT THE TIME OF SIGNING OF MOA. Slide 44: Mondavi Condotel Concept If a unit owner uses his own unit more than the allowed number of days in a year, how does this affect their share in the rental income? The unit owner will have to pay the regular rental rates when they use their unit in excess of the allowed number of days. However, your payment will also be included in the computation for rental revenue share and will be deducted on your monthly rental income. Slide 45: Mondavi Condotel Concept How does the Condominium Hotel Program work? Mondavi will follow an estimated percentage sharing of 50% for the unit owners and 50% for the hotel/condotel operator. Unit owners may receive monthly income based on the size of their unit regardless of whether said unit was leased or not. This is because Mondavi will pool together its entire total income from rental operations and distribute this to unit owners according to the percentage sharing based on gross income. Slide 46: Mondavi Condotel Concept Are there any Association dues or Management Fees to be paid once the condotel unit is enrolled under the Condominium Hotel Program? To be determined at a later date based on agreement. However, as a matter of practice, association dues are already being shouldered by the program. Slide 47: Mondavi Condotel Concept Are there additional expenses/fees a unit owner must pay upon enrollment in the Condominium Hotel Program? A minimal joining fee is required to be paid by the unit owner upon enrollment to the program. The joining fee will be determined later on by the condotel/hotel operator. Slide 48: Mondavi Condotel Concept If repairs are needed to be done in the unit of the owner, will it be shouldered by the condotel operator? Only minor repairs shall be shouldered by the condotel/hotel operator. However, future arrangement can be included in the agreement so as the owners will not shoulder the expenses. Slide 49: Mondavi Condotel Concept What are the other expenses to be paid by the unit owner upon purchase of a condotel unit? Miscellaneous Fees (title transfer, documentary stamp tax etc.), Real Estate Property Tax and Insurance shall be on the account of the unit owner. Slide 50: Mondavi Condotel Concept Can unit owners and guests cook inside their unit? As prescribed by the association. Slide 51: For Reservation please Contact:Carlito A Lauron+63 908 903 3574Thank you!

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