The Condotel Investment Opportunities

The Condotel Investment Opportunities



The Condotel Investment Opportunities
The buyers are investors in​ hotel-condos, a​ real estate product that combines the flexibility of​ ownership of​ a​ condo in​ ahotel setting .​
Popular in​ the United States, Europe and the Middle East, hotel-condos are just starting to​ pop up in​ the Philippines for the first time.
Unlike simple condominiums -- which owners can use as​ they please -- hotel-condo units are both investment and residential units that can be used by their owners for up to​ 30 days per year .​
The plus is​ that the owners can invest in​ real estate while having access to​ hotel amenities like a​ spa, gym, room services .​
The remaining time, the units' owners return the rooms to​ a​ rentable pool run by the hotel .​
As the units are rented out, the owners receive a​ split of​ the income .​
Alternatively, unit owners can live permanently in​ their suites and enjoy hotel living 365 days a​ year.
One such project recently announced, with Pacific Concord Properties Inc -- among the first developers to​ do a​ hotel-condo in​ Metro Manila -- submitting plans to​ build a​ 42-story twin high-rise at​ Shaw Boulevard, will be called Lancaster Suites - The Atrium.
The Lancaster Atrium is​ a​ twin tower development that sits on a​ common podium with the Lancaster Suites Tower I, which was sold out in​ less than 18 months and is​ part of​ its hotel-condo program.
Beth Collingz, Marketing director for PLC International Marketing Networks, which is​ exclusively marketing the Lancaster Suites and Lancaster Suites - The Atrium Hotel Condominiums in​ Metro Manila, said condotels started appearing on the market following PCPI’s launch of​ the Lancaster Suites back in​ 2018 .​
We see a​ marked increase of​ interest from buyers who live Europe as​ well as​ from corporations looking to​ invest in​ Philippine real estate .​
There have been a​ plethora of​ residential properties coming on the market, but not many Condo Hotel developments adding that, in​ the currently hot Philippine real estate market no one felt the need to​ try out a​ product that had not been tested in​ the country before.
The market for investment properties has shifted in​ part because of​ a​ booming demand for hotel rooms in​ Metro Manila and a​ weak dollar internationally .​
On a​ broader scale, baby boomers are retiring and buying second and third homes, and interest in​ real estate as​ an​ investment remains strong, when it​ comes to​ the market for hotel-condos, the Lancaster project is​ attracting international customers familiar with this type of​ investment opportunity .​
Collingz said The Lancaster Atrium Tower a​ development will have 450 hotel-condo rooms and suites, a​ spa, swimming pool, business center, its own mini mall, shops and convenience stores and several restaurants .​
The project, located atop a​ common podium with Lancaster Suites Tower I​ is​ only one block from the Ortigas Center, Shangri-La Mall, Edsa Plaza Hotel and SM Mega Mall, will continue construction of​ its superstructure this year having already completed foundation works and put in​ place 5-levels of​ basement parking.
While it​ is​ possible to​ secure easy no prequalification, no down payment 6 year no interest payment plans for the Lancaster Atrium suites, Collingz said that most buyers purchase these properties with a​ small down payment of​ some 30% to​ reduce the monthly payments to​ around $400 a​ month for a​ Studio unit or​ take advantage of​ a​ 20% discount for outright cash purchases.
Unsurprisingly the hotel-condo investment trend in​ the Philippines will accelerate -- from Metro Manila to​ other major metropolitan hubs such as​ Cebu .​
PCPI’s Lancaster Cebu development is​ already sold out with Condotel operations will commence this March.
PCPI has appointed Lancaster Hotels, Land and Properties, Inc (LHLPI) to​ oversee the operations, sales and marketing, and asset management of​ the condotel .​
Guided with a​ clear goal of​ maximizing profitability, LHLPI will spearhead the management of​ the condotel as​ well as​ that of​ the entire condominium building.
Statistics from the Department of​ Tourism indicate that the number of​ tourist arrivals to​ the Philippines has been consistently growing by double digit percentages for the past three years .​
In 2018, of​ the 2.3 million tourist arrivals, 1.7 million visited Cebu .​
In fact, an​ additional 40,000 hotel rooms are needed to​ accommodate the expected five million tourist arrivals by 2018.
The Lancaster brand of​ Condotel developments further validate the increasing demand for hotel rooms which make us more confident that our market and financial projections will be achieved.
Further info on Lancaster Condotels in​ the Philippines can be found on the firms website
Beth Collingz- Director
PLC International Marketing Networks




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