| What is a Condotel? Is it a condominium? Is it a hotel? | | | | preconstruction stages. Nearly all developers begin |
| Well it's a combination of both. It's also one of the | | | | selling their condo hotel units 18 to 24 months before |
| hottest types of investment properties around the | | | | construction is complete. One such development in the |
| world and now available in Philippines. | | | | Philippines is Lancaster - The Atrium which is now |
| Pacific Concord Properties Inc's Lancaster Suites in | | | | offering its Condotel suites for sale. By reserving a |
| Metro Manila is a condo Hotel (Condotel) in Shaw | | | | condo hotel unit at this stage, you'll be able to pay |
| Boulevard close to the Ortigas Center. Scheduled for | | | | today's prices for tomorrow's real estate. Of course, |
| opening this year, prices at Lancaster have | | | | that also means you'll have a bit of a wait before you |
| appreciated very rapidly, almost 100% in the last 3 | | | | can use your condo hotel vacation home, but the real |
| years. | | | | estate appreciation can yield a very healthy return. |
| You buy a condominium as a vacation home within a | | | | The Lancaster Atrium Suites are now available on the |
| hotel type property and the condominium is rented out | | | | very affordable and competitive New Payment Plan |
| by the hotel when you are not there. Many condo | | | | that provides for Suites to be purchased on a No |
| hotels have superior amenities like spas, health and | | | | Interest No Down Payment basis with 67% of the |
| fitness centers, restaurants and business centers. The | | | | payment payable over 60 equal consecutive monthly |
| Lancaster Suites is also set to provide an expanded | | | | installments without interest and the 33% balance |
| array of hotel services such as valet, concierge and | | | | payable upon turnover of the unit or to be paid over |
| maid service. | | | | an additional 5 years from turnover through our hassle |
| Condo hotel unit owners can receive revenue from | | | | free no prequalification "In-House" Finance Plans... |
| participating in the condo hotel's rental program, helping | | | | All payments will be made to the Lancaster Suites |
| to offset their ownership expenses and the surplus | | | | Manila Atrium Tower A Equitable PCI Bank Escrow |
| resulting in a annual return on their investments. The | | | | Trust Account. It is anticipated, given the track record |
| operator of the rental program, in exchange for a 40% | | | | on sales of Tower I Units that property appreciation |
| share of the revenue, markets the units as a hotel, | | | | for initial buyers of Tower A Atrium Units will be at |
| takes reservations, operates the front desk, staffs and | | | | least 70-80% on completion and 100% on turnover of |
| maintains the entire property, and provides the | | | | units from December 2009/2010 |
| services hotel guests expect, such as housekeeping, | | | | If anyone is interested to join us or host any of the |
| food and beverage, and concierge. | | | | Lancaster Philippines Condo Hotel Investment Forums |
| If you want the best price and the widest selection, | | | | please do not hesitate to contact us.... |
| your best bet is to purchase a condo hotel in early | | | | |