This FAQ is written in a conversational style or format.
This is the usual exchange between a Megaworld Property Specialist and an interested individual.

1) Is this a condo?

Yes and No.
You own the property as condo unit but it will be immediately leased from you by the Hotel Operator (HO) so that your unit will be used as a hotel suite.

You won’t be able to use your unit exclusively as your personal condo home (as long as it is contractually leased from you). But you get privilege use of your unit/suite as hotel guest for a finite number of times in a year.

2) Please clarify what you mean with this:
The unit will be leased from me as soon as it turns over?

Yes, automatically. Your unit will become a suite of Belmont Hotel.

3) So they will pay me then?

Yes of course.

4) How much will they pay me for leasing my unit?

More than you can imagine.

They will pay you based on the actual annual profits of Belmont Hotel. To put it in simple terms, you will have a percentage share of the Belmont Hotel profits.

5) Oh, that’s different… But that means there is no fixed rate on the payment, right?

Yes, the rate is not fixed because Belmont Hotel annual profits can vary each and every year.

6) Interesting. So, a profitable Belmont Hotel Iloilo is the BEST SCENARIO for me.

Definitely, yes! And for the Hotel Operator as well, because they also have a share of the profits.
Everybody wins!

7) That makes me some kind of a part-owner of the hotel, doesn’t it?

Yes, you can put it that way.

8) So how can we be certain of Belmont Hotel Iloilo profitability?

Belmont Hotel (and its operators) has been doing this for more than a decade.
This is actually the 4th Belmont in the country.

The first Belmont Hotel is in Pasay which is a very successful (profitable) hotel and considered to be the best airport hotel in Manila.

9) Okay. I get it. The hotel brand and operator is reputable.
But a hotel business in Iloilo? Is there really a demand?

People are now flocking Iloilo for plenty of reasons.
Tourism is booming but we have a shortage of hotels. The average occupancy of the city is no less than 80%.

Belmont Hotel will be situated in Iloilo Business Park which even has a higher occupancy rate — more than 90% !!!

10) No way! More than 90 percent?

Yes way.

11) That much? How come?

Three letters — ICC.

12) Oh… yes I get it — the Iloilo Convention Center! But you already have hotels there right? Richmonde and Marriott?

Here’s the thing. Iloilo Convention Center is constantly being booked for events, seminars, and conventions. They are actually almost fully booked for the whole year.
There are large conventions almost every week… sometimes twice weekly.

The main hall on the ground floor has a 3,700-seat capacity and more function rooms on the 2nd floor. Conventioners and attendees are from different parts of the country and abroad. They need a place to stay (hotels).

In short, Richmonde and Marriott hotel simply cannot handle the demand. Iloilo Business Park is the MICE destination of the country and it needs more hotels!

13) MICE?

Oh sorry… it means: Meetings, Incentives, Conferences and Exhibitions… People come to Iloilo Business Park for those reasons and they demand good hotels.

14) Now I see. This is where Belmont Hotel Iloilo comes in. It has a sure market!

Happy that you get the general idea why it’s a GREAT investment!

15) Well, it is indeed reasonable, and convincing but I just don’t want to take your word for it. I need figures or estimated numbers of possible rental income!

Great! I am happy you mentioned it. Here are estimates of Annual Rental Income based on unit or suite type.
GO HERE: https://belmonthoteliloilo.com/rental-income-computation

16) Wait, what? Annual profits of 600K to more than a million every year?

Yes. And that is only based on an 80 percent occupancy rate, and the smallest suite considered at around 5,000 PHP.

Remember what I said, Iloilo Business Park can get to more than 90 percent occupancy rate… and in the future, the smallest hotel rooms can have rates north of 7,000. That means, your annual income from this investment can only GET HIGHER!

17) WOW! What’s the catch?

No catch.

But I am only honest in saying that this investment all boils down to occupancy rate of the hotel.
If the occupancy is low, you get low profits.

Now, let me ask you this, “Do you think that a 4-star Megaworld Hotel in Iloilo Business Park would get a low occupancy rate?”

18) Hey you… you are good! You really practiced this spiel, didn’t you?

Yes. But it is not that difficult because it is a forecast based in facts and I am backed with data.

19) Sounds like a great investment! But let me ask about the privileges… you said awhile ago, that I also get a privilege FREE stay as a guest in this hotel. How long can I do that?

You have 30-days of FREE stay in your unit at Belmont Hotel Iloilo every year!

20) Awesome. Basically I can use my unit for 30 days and experience world-class hospitality level as a hotel guest! What if I don’t use it all up? The days, I mean.

It doesn’t carry over to the next year. It resets. So I suggest you use all the privilege stay as much as possible.

21) Oh… that’s fair. Can I transfer the privilege to other people?

Yes, of course. You may sell it to other parties if you want to. *wink *wink

22) Haha… extra income! So I can stay in my unit for a month when I get to Iloilo.

Yes but you can only stay for 10 consecutive days.

23) What!? Why?

To protect the business, we don’t want to give an impression that the hotel is some sort of a residence to some (chosen) individuals. We encourage paying guests that this is also their temporary residence away from their homes and everyone is treated equally specially. This kind of hotel image protection will only help increase your profits.

Well, anyway, you can just skip a day… and book another 10 days stay under your privilege if you really want to stay longer.

24) Belmont Hotel Operators really thought it through, huh? No stone left unturned.

Yeah. Like I said, they have been doing this successfully for more than a decade.

25) How can I book to stay at my unit? Do I just show up and tell them that I want my unit now?

You’re funny! You cannot do that. You need to book in advance.
Belmont would always operate as a hotel and they constantly assign suites to paying individual that want to reserve rooms.

You book in advance so that they know when you will use your unit.

26) What if my exact unit is reserved to a paying customer and I cannot change my date of stay.

Simple. We just book you to a similarly priced and sized unit.

27) … and what if I want a larger one?

You just pay the difference.

28) Wonderful! So flexible!

I know, right!?

29) This is an excellent type of property investment. I have a title of the property, right?

Yes. You have a certificate of condominium title (CCT). You have a tangible asset that also appreciates like all of the properties in Iloilo Business Park.

30) It’s like earning in various fronts — hotel profits, selling of privileges, and appreciation of units! I love it!

So reserve a unit now because they are running out!

31) One more thing, how can I make sure that I get a fair share?

The books are open and bookkeeping is handled by a reputable third-party auditing firm — AUDITOR: Punongbayan and Araullo (P&A).

They basically audit everything and compute your fair share.

32) How do I get my share? and When?

You get them in the first quarter of the year after the yearly audit. They give your share via cheque. The manner of parting dividends can be arranged with the operators.

33) Say, no more! Give me the papers I need to sign and I will reserve a unit. How much is the reservation fee?

25,000 PHP.

If you need updated details of Belmont Hotel Iloilo, go here: BelmontHotelIloilo.com