Condo Hotels: The Hottest Niche at the Investment Property Marketplace

Beth Collingz, PLC International Marketing Director for Pacific Concord Properties Inc’s Lancaster Brand of Condotels from the Philippines said When the unit owners aren’t using the condo hotel package, the device is place in the pool and rented out for them. The buyers have what’s considered”hassle free” possession. The condo resort unit owners also benefit from having a professional onsite management company to handle to marketing, booking of the room and expertise that they bring to the table. In case a problem should arise with their condo hotel unit, the management company will look after it needing to worry about doing it. This produces the landlord tenant issues a thing of the past.

The hotel purchaser sees the benefit to owning a vacation property which also has the potential to produce income for them. The Normal condominium hotel produces higher levels of earnings than the traditional holiday home (and much less headaches), which makes it all the more attractive to buyers stated Collingz

Developments such as the Lancaster Suites Manila Tower I had been sold out in under 18 months and the building is set for completion Summer 2007. Condo hotels are different from traditional condos because they’re sold”turn key”. Clients initially purchase the standard condominium unit and then when the time comes for inside’fit-out’ they could avail of the in house Condotel package of furniture’s and furnishings for your unit. This means buyers do not have to think about hiring a designer or contractor to come in to finish the device out. Everything is comprised of linens, dishes

Leading the way in the Metro Manila condominium hotel market is Pacific Concord Properties Lancaster Brand of investments that are condotel. Pricing for condo resorts can range anywhere from $43,000’s up to $350,000 for Penthouse suites. Obviously the pricing is dependent upon location, views and kinds of finishes.

The Lancaster Suites Manila Tower I growth has enjoyed great success for its own clientele with property appreciation currently reaching 100% for its buyers.
Lancaster The Atrium, the latest development by PCPI in Shaw Boulevard, Metro Manila, is on preconstruction selling and looks set to sell out over the upcoming few months. Lancaster The Atrium offers customers the choice of Studio, One, Two and Three Bedroom suites which all have kitchen facilities. In addition, Lancaster The Atrium, as with the Lancaster Suites Tower I, provides unit owners and guests an extensive Assortment of services and conveniences said Collingz

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