What fees do we pay Crown Regency Resort & Leisure Park Management Services, Inc. as hotel operator?
A5. 20% of net sales in exchange for the following: • All salaries of sales & marketing and reservation staff except for promotional and advertising collaterals • All expenses related in maintaining a sales & marketing office. • All salaries of general managers & resident managers. • The hotel operator also guarantees to exchange the unit owner’s unused 45-day free stay in his condotel with Crown Regency Hotels room nights nationwide with no expiry period. • As a premium responsibility to the hotel operator, if total expenses do not exceed 30% of net sales which shall result in a 50% gross operating profit before income tax, an additional 3% of net income will be given as a bonus to the hotel operator.
