A LANDMARK destination in Boracay island has started a unique scheme that seeks to attract Filipino as well as foreign investors to partake in the laid-back yet exciting lifestyle offered by this exclusive community.

Fil-Estate’s Fairways & Bluewater Resort Golf and Country Club not only boasts of a world-class, par 72, 18-hole course and a variety of water sports facilities, this 126-hectare development located in the northeast side of the island (Newcoast) also offers several first-class condotel units.

With a Certificate of Condominium Title, each buyer is assured of the exclusive privilege of using the unit for up to 30 days or four weeks per year. For the rest of the year, the units, leased back to the developer, will be managed and operated as a hotel.

“This gives the owner a real income-generating, five-star property without the usual hassle of renting out. Imagine being able to return again and again to this dream destination each year while being assured of earning income from that same property while you are back working in the city,” explained Melinda Medina, director of sales of Quantum Hotels and Resorts (www.quantumsuites.com), which manages Fairways & Bluewater Resort’s Mulligan Golf Hotel (27 units), Balaihara Newcoast Villatel (90 units) and The Villas on the 9th’s Villa Ysabel (18 units) and very soon, Villa Sofia.

Access

On top of this arrangement, unit owners will have access to all the exclusive facilities of Fairways & Bluewater Resort, including the golf course.

When it was inaugurated in 1997, the 6,600-yard course, designed by Australian master golfer and golf course architect Graham Marsh, became the third venue of the four-stop Johnnie Walker Super Tour.

“But aside from the golf course, the property will also allow unit owners to enjoy various water sports and activities including jet skiing, scuba diving, water skiing, snorkeling, para-sailing, mini-cruising, fishing, island cruising and wind surfing as well as land based pursuits like visiting the butterfly farm, horse and bike riding and enjoying a complimentary shuttled ride to Boracay’s D Mall shopping center,” Medina enumerated.

Unique enclaves

Even those who would rather stay in their units would enjoy the ambience offered by the property’s unique enclaves.

Living at the Mulligan Golf Hotel is a perfect way to enjoy all the aspects of the island as one watches the day begin from the East beach and end in a magnificent sunset on the West beach.

Balaihara Newcoast Villatel is another prestigious property spread along the fairways of holes No. 1, 2 and 8, with quick access to private beach coves and the white beach of Boracay.

Each room with an area of either 54.9 or 70 sq m each offers a tranquil and relaxed atmosphere with air-conditioning, cable TV, telephone, Internet access, queen-size bed, coffee/tea maker and mini bar.

Ninety percent

“The villas on the 9th stand in the most scenic location of the property, located along the 9th fairway of the only golf course on Boracay. Villa Ysabel and Villa Sofia, both with a view of the Sibuyan Sea northeast of the island and designed to accommodate discriminating tastes as each suite will be well appointed. The 50-sq-m Superior rooms, the 80-sq-m one-bedroom suites as well as the 130-sq-m two-bedroom suites could accommodate families or groups without sacrificing privacy,” said Medina.

She adds that owning any of the property’s units allow one to enjoy as much as 90 percent share from net income of hotel operations, projecting a return on investment as soon as four to five years, depending on the tourist traffic.

“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,” Medina explained,

She reported that despite the spiraling cost of travel and the prevailing global economic slump, the Department of Tourism expects more foreign tourists to visit the country.

In the first quarter of the year, DOT reported that the local tourism industry has already generated earnings of $1.02 billion (P49.8 billion) with the continuing arrival of more foreign tourists in the country.

“The department is right when it said the country is in a much better position to attract investors in Europe and in other emerging markets, whose economies continue to grow. Boracay island could be their best bet to put their money in,” Medina said.