HOTELS / RESORTS HOTELS / RESORTS NUMBER OF ROOMS PEAK SEASON (MARCH-MAY) & OCTOBER HIGH SEASON (JULY- AUGUST) (DEC-JAN) LOW SEASON ( FEB /JUNE) (SEPT/ NOV) SHANGRI-LA MACTAN RESORT 53098%95%80% IMPERIAL PALACE %95%85% CRIMSON HOTEL 29093%86%75% PLANTATION BAY 22091%84%72% BLUEWATERS RESORT 15892%85%73% MOVENPICK HOTELS 24597%90%78% COSTABELLA TROPICAL RESORT 15690%80%70% 25680%70%60% AVERAGE 30193%86%74%

AVERAGE PUBLISHED RATE HOTELS / HOTELS /RESORTSDELUXE(STUDIO)SUPERIOR(1BEDROOM)SUITE(2BEDROOM) SHANGRI-LA MACTAN RESORT 16,50022,50035,500 IMPERIAL PALACE 12,50018,50026,500 CRIMSON HOTEL 13,50019,50028,500 PLANTATION BAY 10,50015,50020,500 BLUEWATERS RESORT 9,50012,50018,500 MOVENPICK HOTELS 10,50015,50020,500 COSTABELLA TROPICAL RESORT 7,50010,50013,500 7,50010,50015,500

GROSS INCOME PER DAY PEAKHIGHLOW STUDIO1BR2BRSTUDIO1BR2BRSTUDIO1BR2BR 864,000672,000403,000757,500588,000347,200648,000504,000297,600 TOTAL1,939,0001,692,7001,449,600 TOWERS A & B STUDIO –144 1BEDROOM – 80 2BEDROOM – 32 TOTAL NO. OF UNITS = 256

PROJECTED EXPENSES TO BE COVERED BY PROPERTY MANAGEMENT BREAKDOWN OF EXPENSES: 1.) Maintenance (building and amenities) 2.) Salaries and Wages (Personnel, Security) 3.) Equipments 4.) Insurance 5.) Supplies (Furniture and Fixtures) 6.) Food & Beverage 7.) Advertising 8.) TRAVEL AGENCY/AGODA/BOOKING.COM COMMISSION

NET INCOME PER MONTH TOTAL = LOW SEASON = 1,449,600 (30 DAYS) = 1,449,600 (30 DAYS)_____________________________________________ = 43,488,000 (Gross Income) = 43,488,000 (Gross Income) THEREFORE : (ASSUMPTION) PROPERTY MANAGEMENT (70%) – PHP 30,441,600 UNIT OWNERS (30%) – PHP 13,046,400

ASSUMING.4% SHARE FOR STUDIO UNIT OWNER UNIT OWNERS (30%) OF THE NET INCOME : 13,046,400 X.4% SHARE FOR STUDIO 52, PER MONTH NET ROI – 3,300,000/52, Return On Investment = 63 MONTHS

FINANCIAL RATIO ANALYSIS > PHP 52,185 per month for 63 months ROI is 19% per annum > PHP 26,093 per month for 126 months ROI is 9% per annum > PHP 20,000 per month for 168 months (14 years) GUARANTEED ROI is 7% per annum