Beth Collingz, PLC International Marketing Director for Pacific Concord Properties Inc?s Lancaster Brand of Condotels in the Philippines said Once the unit owners are not using the condo hotel suite, the machine is devote the managed pool and rented out for them. The buyers have what’s considered ?hassle free? ownership. The condo hotel unit owners also reap the benefits of having a specialist onsite management company to handle to marketing, booking of these room and general expertise that they bring to the table. If a problem should arise making use of their condo hotel unit, the management company will take care of it rather than the owner having to worry about it. This makes the traditional landlord tenant issues a thing of the past.
The condo hotel buyer sees the benefit to owning a vacation property that also offers the potential to produce income for them. The normal condo hotel produces higher levels of income than the traditional vacation home (and less headaches), rendering it all the more attractive to buyers said Collingz
Developments including the Lancaster Suites Manila Tower I was sold out in less than 1 . 5 years and the building is set for completion Summer 2007. Condo hotels are different from traditional condos because they are sold ?turn key?. Clients initially choose the standard condo unit and then when the time comes for interior ?fit-out? they are able to avail of the internal Condotel package of furniture?s and furnishings for the machine. This means buyers do not have to worry about hiring a designer or contractor ahead in to finish out the unit. Everything is included from linens, dishes, pillows etc
Leading the way in the Metro Manila condo hotel market is Pacific Concord Properties Lancaster Brand of condotel investments. Pricing for plancher can range from $43,000?s around $350,000 for Penthouse suites. Of course the pricing depends upon location, views and forms of finishes.
The Lancaster Suites Manila Tower I development has enjoyed great success for its clientele with property appreciation already reaching 100% for its initial buyers.
Lancaster The Atrium, the most recent development by PCPI in Shaw Boulevard, Metro Manila, happens to be on preconstruction selling and looks set to sell out within the next few months. Lancaster The Atrium offers clients the choice of Studio, One, Two and Three Bedroom suites that all have kitchen facilities as regular residential condo unit. Furthermore, Lancaster The Atrium, as with the Lancaster Suites Tower I, offers unit owners and guests an extensive selection of services and amenities said Collingz