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Posted by PLCMarketing on November 2, 2007, 4:33 am
Condotel Investments in the Philippines. Lancaster Suites Blogs
Lancaster Suites Manila, Lancaster Atrium Manila, Lancaster Cebu,
Condotels
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Lancaster Suites Manila Announce Launch Date for Condotel Operations
The Lancaster Suites located in Shaw Boulevard, Metro Manila,
Philippines, a Brand Name Condotel Investment of Pacific Concord
Properties Inc, will soon be ready to accept guests on short and long
term leases in the Condo Hotel. Under the management of Lancaster
Hotels, Land and Properties, Inc. [LHLPI], rental operations will be
soft launched from December 2007.
Beth Collingz, International Marketing Director of PLC Global an
internet based sales and marketing company and lead marketing partners
with Pacific Concord Properties, Inc., for the Lancaster Brand of
Condotels in the Philippines, recently announced the company has set a
December 2007 soft launch date for its Lancaster Suites Manila Tower I
Condo Hotel rental operations.
Property is all about LOCATION said Collingz. Lancaster Suites,
centrally located along Shaw Boulevard, Metro Manila some 200 meters
from EDSA-Shaw Boulevard Light Rail Transit Station and the Ortigas
Center business district, provides guest access to its own unique Mini
Mall feature with prerequisites of the urban dweller. Schools,
hospitals, banks, restaurants, shopping malls, and leisure are all
found within a few minutes from the Condotel.
Lancaster Suites, located a mere 5 minutes from such Ortigas landmarks
as the SM Mega Mall, Shangri-La Mall, Edsa Plaza Hotel, and the Asian
Development Bank, San Miguel Corporation and Banco de Oro Head Office,
provides you with easy access to all the essentials of urban living.
This ideal location will complement the Condotel operation since
Lancaster Suites Manila will function as a condominium hotel - a
preferred accommodation choice of businessmen and holiday travelers
alike. Clients can either purchase Condotel Suites for investment
purposes or lease the units on weekly, monthly or yearly basis.
For the soft launch, LHLPI will prepare special promotional room rates
aimed at budget and business travelers whilst longer term discounted
rates for monthly and yearly lease rentals are also to be made
available said Collingz.
Room Rates from January 1, 2008
Room Type Daily Rates in US$
Studio US$ 100
1BR US$ 120
2BR US$ 150
3BR US$ 180
Weekly Rates in US$
Studio US$ 616
1BR US$ 739
2BR US$ 924
3BR US$ 1,109
Monthly Rates in US$
Studio US$ 2,460
1BR US$ 2,952
2BR US$ 3,690
3BR US$ 4,428
Reservations are subject to room availability. Rates are inclusive of
service charge and government tax. Children 12 years of age and below
sharing room with parents without extra bed are free of charge. The
Hotel reserves the right to revise rates. Rates are subject to change
without prior notice. Complimentary breakfast and newspaper daily.
Welcome drink. Scheduled shuttle service from Hotel to Makati and
Ortigas
Clients wishing to purchase units may do so and we currently have a
few Executive Studio Suite and One-Bedroom Suites available at
Lancaster Suites at Pre-Operational Prices that will be "Ready For Use
from December 2007"... at the current price said Collingz.
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.
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 Suites Tower I Manila Executive Studio Suites may be
purchased with a Reservation Fee of -Pph- 25,000.00 then 30% Down
Payment of -Pph-659,583.34 within 30 days and the resulting balance
payable over 12 equal consecutive monthly installments of -
Pph-128,252.32. Interest Free. 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
said Collingz
Metro Manila remains a popular choice with international buyers and
institutional investors. Collingz says clients tell her that it makes
more sense to buy in a year-round vacation destinations and business
centers. Lancaster - The Atrium Condotel developments by Pacific
Concord Properties located in Shaw Boulevard, Metro Manila - fits the
bill with all it offers to International buyers.
Accessibility is also a factor. "Flights from London to Manila, for
example, average just 16 hours, add to that the many airline specials
and it's easy to see why this area is becoming an international
community." Unlike other offshore rental properties, where the rental
market is largely seasonal, in the Philippines there is a strong
market for rental properties year round. This gives buyers greater
flexibility in choosing when to use and when to rent their property.
The strong rental/second home market also has resulted in a
proliferation of professional property managers and rental agents,
making property ownership and rental easy. Pacific Concord Properties
Inc with its flagship Lancaster Condotel Developments fit's the bill
enthuses Collingz.
For more information, specifications and reservations please do not
hesitate to contact us:
Beth Collingz- Director
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
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