| According to Beth Collingz at PLC International, a buyer | | | | partnership of Pacific Concord Properties. The plan |
| is basically an investor, a shareholder of hotel condos, | | | | brings together a target of high rise buildings which |
| which are the products of real estate meshing the | | | | would be twins, consisting of 42 stories at the Shaw |
| suppleness of owning a condo in the setting of a hotel. | | | | Boulevard. This will be inaugurated and named |
| Condo Hotels are the upcoming trend worldwide. They | | | | Lancaster the Atrium. This will be connected with the |
| are already a common and famous concept in the | | | | Lancaster Suites Tower which is how the Atrium will |
| Middle East, United States, and Europe, now targeting | | | | be attached to a hotel condo scheme. The prices of |
| the real estate market of the Philippines. | | | | various units at the Atrium, according to their sizes that |
| Hotel condos can only be used by the owners for a | | | | range from 300 sq feet to 1350 sq feet; are estimated |
| maximum of 30 days in a year, so this is where they | | | | to cost from $38395 to a later of $355,000. |
| differ with other simple condominiums, which do not | | | | It is authenticated that Atrium Tower will consist of a |
| have a usage limit for the owner and can be availed | | | | total of 400 condo rooms, other than that a swimming |
| as pleased. But the hotel condos also have positive | | | | pool, a mini mall, various shops, stores, suites, restraints, |
| points like the fact that when an owner invests in this | | | | spas and even a business center. The location is ideal |
| real estate property he or she also has full access to | | | | as it is roughly a block away from the SM Megal Mall, |
| basic amenities of a hotel that consist of room service, | | | | Shangri-La Mall, Ortigas Center, and the Edsa Plaza |
| spas, pools which can be rented for a period of time | | | | Hotel. The Atrium also plans to construct a 5 floor |
| and usage, gym. Now because these units are run by | | | | basement level parking. |
| renting out so the income received by the owners is | | | | In order to deduct the $400 monthly payments for the |
| basically split. At the same time the fact is that the real | | | | possession of a studio at the Atrium, most people |
| time owners have 24/7, 365 days a year access to | | | | prefer the down payment of 30%. Otherwise there is |
| their suites thus enjoying hotel hospitality all year | | | | a 6 year interest payment plan. It is estimated that the |
| through. | | | | trend of hotel condo will rise starting from the Metro |
| Recently a related project has been announced by | | | | Manila to major hubs such as Cebu. |
| developers in the locality of Metro Manila with | | | | |