In contrast, over the same period, the local hotel industry has registered an average occupancy of 62.80%. From a financial perspective, our net operating profit margins for YTD 2005 stands at 60% compared with an averageof 35% for Makati hotels {25% for Bay Area hotels(source: SGV Hotel Trends Date)}.


Our “cash on cash” return on investment (ROI) to unit owners over the same period has averaged 11% p.a. This is a nominal as opposed to an effective yield (i.e. it does not factor in the time value of money). The effective yield would be higher considering that the unit owners receive their earnings on a monthly basis. In contrast, the average yield from rentals of condominium properties in Metro Manila has been 6%.


CLIENTELE LIST

HII/Parque España services some of the most discriminating and prestigious multinational and local companies. But for confidentiality the list is not reflected here. For interested parties you may contact us for details.

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