Condotels as Investments in the Philippines are probably the fastest growth areas in the hotel industry today. Condotels have been around for quite a while now, and have been "Hot Investment Properties In The US" for some time. Condotels that used to be available in vacation locations are now popping up all over the US thanks to the biggest names in the industry like Donald Trump as well as smaller companies who are making huge profits in less known areas. In the United States the highest concentration of Condotels today can be found in Las Vegas or Florida. In the Philippines Condotels can now be found in Manila and Cebu. Pacific Concord Properties Inc., The Lancaster Cebu Resort Residences in Mactan, Cebu and Lancaster Suites Manila are prime examples of the new breed of Smart Real Estate Investment Properties now available in the Philippine Real Estate Market. But what exactly are "Condotels". A Condotel or Condo Hotel, is a combination of hotel and a condo. You can think of it as the best of all worlds. Operating like a hotel, usually with more amenities that a normal residential condominium building, the Condotel units are individually owned by many different owners. While different complexes and resorts may vary, most give you the choice of renting the units out or using them for personal use. Many of them have a rental program and management on the premises, getting rid of all the hassles that landlords always encounter. Benefits of owning a Condotel What are the benefits to owning a Condotel rather than other real estate investments? There are many! Rent Revenue: Condotel units will produce rental revenues. That revenue can partially or completely offset the costs of owning and maintaining the Vacation Home Appreciation Potential: The best selling point of Condotels as investment property is the rate at which they appreciate. Especially when purchasing at the pre-construction stage of the project. The rate of appreciation throughout the Philippines is generally negative especially in rural areas. However, cities such as Metro Manila and Cebu see annual property appreciation rates depending upon locations between 10% to 18%. Most Condotels are located specifically in areas that have seen and continue to see high appreciation rates such as Metro Manila and Mactan, Cebu. Furthermore, it is the Condotel Properties that are seeing higher appreciation rates than traditional single family homes and condos. Diminished Supply Of Available Land: Desirable locations to build in the Philippines are not limitless. There is a dwindling supply of available land in key markets such as Metro Manila's much sought after Ortigas Center and Makati locales. In Cebu, the highly desirable Mactan is an Island and available building land at prime locations are fast being sold which ensures that Condotels built in these locations will have seen significant real property appreciation. Condotels Appeal To International Investors: Condotels are particularly attractive to International Investors whom wish to own a Vacation Home and an Investment Property in the Philippines and yet don't have any of the hassles of maintenance or renting out the property when they are not using it. With property values flattening off and rental incomes weakening in US the Philippines, only 16 hours away, offers an idea alternative at prices far less than anything available in the US. Less than $49,000 will purchase a reasonable, fully furnished, 400 sqft Studio at the Lancaster Cebu with projected Annual ROI through Rental Incomes of some 12-14%. The new Lancaster Suites Manila Atrium Tower II presents an even better purchase opportunity for International Property Investors. Studio Suites, at the Initial Launch Price can be purchased from $29,650 with projected Real Property Appreciation of some 60-80% during construction and a projected 100% Appreciation on turnover of the unit from December 2009. Purchasing at this Launch Price would give a projected Annual ROI through future Rental Incomes of some 20-22% per annum when operational from 2010. Additionally, the value of the Philippine Peso has enabled many European and American Investors to obtain upscale Condotel units for what amounts to "Bargain Prices" or for the same price as a "Garage" back home. What most people do is have the management rent the units out for them to defray the costs, and sometimes even creating a positive cash-flow, it becomes a "Self-Liquidating" investment free from maintenance expense. If you feel like going on vacation, simply call up the management company and let them know that you'll be using your unit on specific dates, and they set it aside so no-one else uses it. Normally 30 days per annum are allowed for Owner Use of the units enrolled in a Condotel Rental Pool. Most Condotels now operate on a common or cooperative basis with rental incomes equitably divided between the unit owners irrespective of actual unit usage. This means that even if your unit was not rented out during any particular month you will always receive an equal share of the rental income from the pooled net operations income. The Smart "Self-Liquidating" Investment Advantage ! Many of our clients are now purchasing the fully furnished "Ready-For-Occupancy" Condotel Suites at the Lancaster Cebu Resort Residences that will be become operational within the year, thereby realizing Rental Incomes, and using the rental income to Purchase a Studio Suite at the Lancaster Suites Manila Atrium Tower II on a "No-Down Payment" 5 year Interest Free Payment Plan with only $538 Monthly Installments enthuses Beth Collingz, Director, PLC International Marketing Networks. Condotels also have been appreciating in value at rapid rates in the last few years. Many investors have made incredible profits just purchasing and selling these units, which is known as flipping and unlike in the USA, flipping is not penalized and is perfectly legal in the Philippines Where would I normally find Condotels? PLC International Marketing Networks together with the PLC Global Filipino Agency focuses on the sale and marketing of Condotels in Manila & Cebu. If you want to learn more about where you can find condotels, check out Pacific Concord Properties Lancaster Cebu Resort Residences and Pacific Concord Properties Lancaster Suites Manila and the Mactan, Cebu Pacific Concord Properties, Inc., Flagship Lancaster Suites Condotel [Manila] development located along Shaw Boulevard, Mandaluyong City, Metro Manila, one of the hottest Condotel Investments in the Philippines To be called Lancaster Suites Manila Atrium Tower II [which is the second Tower adjacent to the existing “Sold Out” Tower I] we are now accepting Reservations for Studio, One, Two & Three Bedroom Suites adopting International Standard Escrow Trust Account “Buyer Safe” Easy Secure Payment Plans… with 6 year interest free payment terms or up to 12 year "In-House" financing available, full condo ownership, no management costs for Condotel Suites, no enrollment charges for joining the Condotel Rental Pool, and minimum monthly maintenance fees, as buyers or sellers of Real Estate you really should take a moment to look at this Philippine Condotel Investment Opportunity Pacific Concord Properties, Inc., Flagship Lancaster Suites Condotel [Manila] development located along Shaw Boulevard, Mandaluyong City, Metro Manila, one of the hottest Condotel Investments in the Philippines Lancaster Suites Tower I, located along Shaw Boulevard, Metro Manila, to be completed and ready for turnover during the latter part of 2007, will provide unit owners with premier residential condo units with the option of enrolling their units in the Lancaster Condotel Rental Pool. Great Investment for Fil-Am's whom visit Manila for Vacations or Business as they can earn Rental Incomes [at current purchase levels] of some 8%-14% ROI per annum as Owner Non-Residents when not using their units through Condotel Management and reciprocal arrangement with Lancaster Cebu Resort Residences. This makes Lancaster Suites one of the Hottest Investment Opportunities in the Philippines. All units at the Lancaster Suites have kitchen facilities. The standard unit price provides for the suite to be semi-finished but not fully furnished. Included in the current price are the interior finishing’s such as tiled & semi-fitted bathrooms, bedrooms with simulated wood plank flooring, semi-fitted living and dining area with simulated wood plank floorings and lower kitchen cabinets/work tops installed. Walls and ceilings are painted cement finish. A complete optional extra interior fit-out package including unit fittings and fixtures, furniture’s, furnishings, air-conditioning, lighting fixtures and appliances will be available towards the time the units are closer to being completed. Monthly condo dues or maintenance fees are currently around 80 pesos/square meter of the unit floor area/month. Lancaster Suites Manila Tower I. Shaw Boulevard, Metro Manila. Available Units Update May 25, 2007 Effective May 25, 2007 the selling price Lancaster Suites Tower I Tax Exempt Studio Units is Pesos 80,888 per sqm. One Bedroom, Two and Three Bedroom Suites are priced at Pesos 90,594.56 per sqm including Government Taxes [R-Vat 12%]. Terms of payment provide for Three Year No Interest Charge. Prospective or existing unit buyers may avail of up to 15 year mortgages for the purchase of all Lancaster Suites Tower I Condotel units with minimum equity of 30%. Banco De Oro (BDO) a commercial Bank in Metro Manila has just approved a buyer's financing or mortgage plans for Lancaster Suites Tower I Manila Condotel units. The new financing scheme, a first providing Philippine Mortgages to Foreign Nationals residing overseas for Condotel units in the Philippines, is now available to unit owners (Filipinos, Filipino-Americans and Foreign Nationals alike) whom are looking to purchase a Condo Hotel Suite or refinance their investments through BDO's Home Loan Lancaster Tower I Buyers can take advantage of this offer to free up some cash as well as to finance the fit-out of their units in the condotel pool or their business set up requirements in their commercial units or purchase preconstruction units in the new Lancaster Atrium Manila Condotels Currently Available - Studio Suite Lancaster Suites Tower I Manila Executive Studio Suites. Prime units - Soon Available - overlooking Ortigas Center across Pasig towards Laguna de Bay and Antipolo Hills on the horizon with Floor Area of 27.23 square meters [293sqft] currently priced at Philippine Pesos: -Pph-80,888.00/sqm. Total Contract Price: -Pph-2,202,580.24 [Tax Exempt] and may be purchased with a 30% Down Payment [with 10% Discount on the down payment Saving -Pph-66,077.40] of USD -Pph-594,696.66 and the resulting balance payable over 36 equal consecutive monthly installments of -Pph-42,827.95. Interest Free. Alternatively, Pay Cash and take a 10% discount on the Contract Price. Save -Pph-220,258.02 Pay 90% of the contract price now [-Pph-1,784,089.99] and the remaining 10% balance [-Pph-198,232.22] on unit turnover…. Please apply now to be registered in our Studio Unit "Waiting List"... Studio Suites are also available through Bank Financing. Minimum Equity required is with a 30% Down Payment [with 10% Discount on the down payment Saving -Pph-66,077.40] of -Pph-594,696.66 and the balance payable over 15 years [180] equal consecutive monthly installments of -Pph-18,015.00 [at 11.5% per annum] Please Inquire For Availability.... For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condotel Suite “Fit-Out” package including all required items of furniture’s, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware’s, linens etc is now available for Studio Suites ranging from -Pph-403,715.00 Currently Available - 1 Bedroom Prime "Corner" Suite Lancaster Suites Manila One Bedroom "Corner Suite". This prime unit located on the 19th floor [#1905] is a Corner Suite overlooking Shaw Boulevard, Wack Wack Golf Course and Mandaluyong has a Floor Area of 42.88 square meters [462sqft] at Philippine Pesos: -Pph-90,594.56/sqm. Total Contract Price: -Pph-3,884,694.73 [Including Tax] may be purchased on Cash Basis only. Take a 10% discount on Contract Price, Save -Pph-388,469.47 Pay 90% now [-Pph-3,146,602.73] and 10% balance [-Pph-349,622.53] on unit turnover. After purchasing this Suite, 70% of the contract price may also be refinanced through our Banco D'Oro mortgage plan in the amount of some -Pph-2,447,357.50 payable over 15 years [180] equal consecutive monthly installments of some -Pph-28,595.00 [at 11.5% per annum] Please Inquire For Availability.... For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condotel Suite “Fit-Out” package including all required items of furniture’s, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware’s, linens etc is now available for One Bedroom Corner Suites ranging from -Pph-604,000.00 Currently Available - 1 Bedroom Prime “Corner” Suite Lancaster Suites Manila One Bedroom "Corner Suite". This prime unit located on the 20th floor is a Corner Suite Facing Morning Sun and is overlooking Ortigas Center across Boni, Mandaluyong has a Floor Area of 41.87 square meters [462sqft] currently at Philippine Pesos: -Pph-90,594.56/sqm. Total Contract Price: -Pph-3,793,194.23 [Including Tax] may now be purchased with a minimum 30% Down Payment [Saving -Pph-113,795.82 as 10% Discount on the down payment] of -Pph-1,024,162.44 and balance payable over 36 equal consecutive monthly installments of -Pph-73,756.55. Interest Free. Alternatively, you can Pay Cash, and take a full 10% discount on Contract Price. Save -Pph-379,319.42 Pay 90% now [-Pph-3,072,487.33] and remaining 10% balance [-Pph-341,387.48] on unit turnover. One Bedroom Suites are also available through Bank Financing. Minimum Equity required is with a 30% Down Payment [with 10% Discount on the down payment Saving -Pph-113,795.82] of -Pph-1,024,162.44 and the balance payable over 15 years [180] equal consecutive monthly installments of -Pph-31,025.00 [at 11.5% per annum] Please Inquire For Availability.... For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condotel Suite “Fit-Out” package including all required items of furniture’s, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware’s, linens etc is now available for One Bedroom Corner Suites ranging from -Pph-604,000.00 Currently Available - 2 Bedroom Suite Lancaster Suites Tower I Manila Two Bedroom Suite. This prime unit located on the 2nd floor [Podium] is a Corner Suite overlooking Shaw Boulevard, Wack Wack Golf Course and Mandaluyong and has a Floor Area of 92.80 square meters [1,000sqft] priced Philippine Pesos: -Pph-90,594.56/sqm. Total Contract Price: -Pph-8,407,175.17 [Including Tax] may be purchased with 30% Down Payment [with 10% Discount on the down payment Saving -Pph-252,215.25] of -Pph-2,269,937.30 and the balance payable over 36 equal consecutive monthly installments of -Pph-163,472.85 Interest Free. Alternatively, Pay Cash and take a 10% discount on the Contract Price. Save -Pph-840,717.51 Pay 90% of the contract price now [-Pph-6,809,811.89] and the remaining 10% balance [-Pph-756,645.77] on unit turnover. .... Please inquire for alternative 2-Bedroom Suite available on the 3rd floor Podium level overlooking Shaw Boulevard. This Two Bedroom Suite is also available through Bank Financing. Minimum Equity required is with a 30% Down Payment [with 10% Discount on the down payment Saving -Pph-252,215.25] of -Pph-2,269,937.30 and the balance payable over 15 years [180] equal consecutive monthly installments of -Pph-68,760.00 [at 11.5% per annum] Please Inquire For Availability Currently Available - 2 Bedroom "Bi-Level" Loft Type Suite Lancaster Suites Manila Two Bedroom Suite. This prime unit located on the 29th floor [Suite #2903] is overlooking Mandaluyong, Makati, towards Manila Bay has a Floor Area of 64.33 square meters [1,000sqft] currently priced at Philippine Pesos: -Pph-90,594.56/sqm. Total Contract Price: -Pph-5,827,948.04 [Including Tax] may be purchased with 30% Down Payment [with 10% Discount on the down payment Saving -Pph-174,838.44] of -Pph-1,573,545.97 and the balance payable over 36 equal consecutive monthly installments of -Pph-113,321.21 Interest Free. Alternatively, Pay Cash and take a 10% discount on the Contract Price. Save -Pph-582,794.80 Pay 90% of the contract price now [-Pph-4,720,637.91] and the remaining 10% balance [-Pph-524,515.32] on unit turnover. .... This Two Bedroom Suite is also available through Bank Financing. Minimum Equity required is with a 30% Down Payment [with 10% Discount on the down payment Saving -Pph-174,838.44] of -Pph-1573,545.97 and the balance payable over 15 years [180] equal consecutive monthly installments of -Pph-47,665.00 [at 11.5% per annum] Please Inquire For Availability For clients intending to enroll units in the Condo Hotel Rental Pool a complete Condotel Suite “Fit-Out” package including all required items of furniture’s, furnishings, appliances, air-conditioning, kitchen utensils, dinnerware’s, linens etc is now available for 2 Bedroom “Bi-Level” Loft Type Suites ranging from -Pph-897,000.00 Penthouse Suite - Please Inquire Status Lancaster Suites Manila Three Bedroom Loft Type Penthouse Suite. Prime Corner Suite overlooking Shaw Boulevard, Wack Wack Golf Course and Ortigas Center [Morning Sun] has a Floor Area 125.81 square meters [1385sqft] at -Pph-98,434.56/sqm. -Pph-12,384,051.99 [Including Tax] may be purchased with a 30% Down Payment [with 10% Discount on the down payment Saving -Pph-371,521.53] of -Pph-3,343,694.04 and Balance payable without interest over 36 consecutive equal monthly payments of -Pph-240,801.01. Another option, Pay Cash, take a 10% discount [Save -Pph-1,238,405.10] Pay 90% Now [-Pph-10,031,082.11] and remaining 10% [-Pph-1,114,564.68] on unit turnover. Penthouse Suites are also available through Bank Financing. Minimum Equity required is with a 30% Down Payment [with 10% Discount on the down payment Saving -Pph-371,521.53] of -Pph-3,343,694.04 and the balance payable over 15 years [180] equal consecutive monthly installments of -Pph-101,285.00 [at 11.5% per annum] Please Inquire For Availability.... Banco De Oro (BDO) a commercial Bank in Metro Manila has just approved a buyer's financing or mortgage plans for Lancaster Suites Tower I Manila Condotel units. The new financing scheme, a first providing Philippine Mortgages to Foreign Nationals residing overseas for Condotel units in the Philippines, is now available to unit owners (Filipinos, Filipino-Americans and Foreign Nationals alike) whom are looking to purchase a Condo Hotel Suite or refinance their investments through BDO's Home Loan. Further Information, Guidelines, Loan Application Procedures and Application Forms for the Home Loans available from Banco De Oro for Lancaster Suites Tower I Suites can be downloaded from our Website on http://www.lancastersuites.com/lancastersuites-downloads/473.html Please note these are average floor areas. Actual unit sizes vary from floor to floor. Please note all Unit offers on Cash Basis will be given Priority Reservation Status. All Lancaster Residential Suites Unit Standard Features Include: • Vitrified ceramic tiles in living, dining areas • Ceramic tiles in kitchen and toilet and bath • Toilets with mechanical ventilation • Plastered cement walls and ceilings’ with painted finishes • Provisions for split type air-conditioners A complete interior of furniture's, furnishings and appliances package designed for Condotel unit specifications is available at additional charge for clients intending to join the Lancaster Rental Pool You can see Exterior photos of the Lancaster Suites current development on http://www.lancastersuites.com/LancasterSuites/Album8.htm And interior photo of the Lancaster Suites Studio & One Bedroom Suites on http://www.lancastersuites.com/LancasterSuites/Album9.htm For Copy of the Lancaster Suites Slide Show Presentation copy and paste the following directly into your browser: http://www.lancastersuites.com/lancastersuites-gallery/index.php PLC International Marketing Networks Pacific Concord Properties Inc., Head Office Shaw Boulevard, Mandaluyong City. Metro Manila. Philippines Phone: Manila [632] 717 1958 Fax: Manila [632] 718 1828 Pacific Concord Properties Inc., Cebu Office Lapu-Lapu City, Mactan. Cebu. Philippines Phone: Cebu [6332] 340 0721 Fax: [6332] 495 4938 Email: plcsales@pldtdsl.net Web: http://www.lancastersuites.com This ad has had 44,436 displays and 1,507 readers