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

How much do Condotels cost and can you finance them?

Condotels have a vast range in price. This is another benefit of Condotel investments. Most offer Studio, One Bedroom, Two Bedroom, Three Bedroom and Penthouse Suites. No matter what your price range is, there is something out there for almost anyone. In the Philippines, Lancaster Suites Manila range between $29,000 and $250,000, Lancaster Cebu Resort Residences range between $48,000 and $110,000 so regardless of your price range, there should be something for you.

Although financing has been difficult in the past on real estate investments in Philippines especially for Foreign Nationals through local Banks, they have been getting much better in the past several years. Not too long ago, you would have to cough up a minimum of what amounts to 50% down in order to be able to finance the purchase of a unit. Now, developers have their own "In-House" No Qualification Finance Purchase Arrangements. Pacific Concord Properties adopts the International Standard of Escrow Trust Account Banking for all buyer's payments and units at the Lancaster Suites Manila may be purchased on No Down Payment Plans with payment periods up to 12 years. Interest Free No Down Payment Plans are also available for payment periods of up to 5 years. Whilst the Lancaster Cebu Resort Residences may also be purchase on minimal 15% Down Payment Plans with payment periods up to 5 years. Interest Free No Down Payment Plans are also available for period of up to 2 years.

For more information on Pacific Concord Properties 'In-House No Pre-Qualification" financing plans, contact Beth Collingz of PLC International Marketing Networks in Manila or Cebu.

What is the best time to buy a Condotel unit?

There is a limited inventory of Condotel units, and there selling fast. Pacific Concord Properties The Lancaster Suites Manila Tower 1 "Sold Out" in record time. Most Condotels are sold out during the pre-construction and construction phase. As word continues to spread about the Condotel Developments of Pacific Concord Properties in Manila and Cebu, more and more investors from around the World, and not only Filipino Americans, are looking to participate in these solid investment opportunities.

Furthermore, because demand is outpacing supply, appreciation has been significant and rapid. In less than 24 months Pacific Concord Properties Lancaster Suites Manila Tower I saw prices appreciate from [Pesos] 43,000 to the current price of 78,275 per square meter or some 80% whilst the Lancaster Cebu Resort Residences have seen prices appreciate during the past 6 months alone from [Pesos] 64,000 to 83,200 per square meter or some 30% during which time the Philippine Peso maintained an average exchange rate to the US Dollar of around $1.00 to 53.00 Pesos. With Foreign Exchange Rates stabilized, now is the best time to act. Better yet, Pacific Concord Properties Inc provides Buyer’s the opportunity to avail of "Fixed Price" US Dollar denominated Contracts taking out any risk in Exchange Rate Fluctuations.

PLC International Marketing Networks is a Multinational Group of Realtors, Brokers, Associate Brokers, Agents and referral partners and is the Listing Marketing Partner of Pacific Concord Properties for The Lancaster Suites [Manila], Lancaster Suites [Manila] Atrium and Lancaster Cebu Resort Residences, Mactan, Cebu, Condo-Hotel Developments "Condotels" through its extensive Realtor and Associate Networks to Overseas Filipinos and Foreign Nationals wishing to own Real Estate in the Philippines. Affiliate PLC Global Filipino Agency Group

PLC International Marketing Networks is a Multinational Group of Realtors, Brokers, Associate Brokers, Agents and referral partners and is the Listing Marketing Partner of Pacific Concord Properties for The Lancaster Suites [Manila], Lancaster Suites [Manila] Atrium and Lancaster Cebu Resort Residences, Mactan, Cebu, Condo-Hotel Developments "Condotels" through its extensive Realtor and Associate Networks to Overseas Filipinos and Foreign Nationals wishing to own Real Estate in the Philippines. Affiliate PLC Global Filipino Agency Group

PLC International Marketing Networks handles the sale, marketing, financing and documentation for clients whom wish to purchase Full Service Condominiums in Metro Manila & Cebu by full representation in the United States & Canada, United Kingdom, Italy, Germany, Belgium, United Arab Emirates, Japan, Korea and Australia of the Lancaster Suites Manila & Lancaster Cebu Condotel developer, Pacific Concord Properties, Inc., Philippines

The Lancaster Suites Manila, a 42-Storey Condo-Hotel, located along Shaw Boulevard, Metro Manila is well under construction for completion and turnover of units late 2006/early 2007. Tower I of the development is 99% sold out. Sales for Lancaster Suites Atrium Tower II are now on going. Check out http://www.plcsales.coms.ph [Lancaster Suites Manila]

Also to be operated as a Condo-Hotel, Lancaster Cebu Resort Residences, Mactan, located 3 mins from Cebu International Airport is offering completed fitted, fully furnished, newly renovated Studios and Two Bedroom Condo units for sale on 5 year payment terms with rental income options through Condotel Management. Check out http://www.lancastercebu.coms.ph [Lancaster Cebu]

PLC International Marketing Networks assists in application and processing for qualified Non-Filipinos to acquire & own Real Estate in the Philippines at Lancaster Cebu Resort Residences and Lancaster Suites Manila, through Special Philippine Retirement Visa and Philippine Investor Visa Programs allowing Foreign Nationals to own Condominiums and reside permanently in the Philippines. Services for overseas clients can be provided in Japanese, Korean and Mandarin

Please feel free to join our FORUM on www.lancastersuites.com and be a part of the Lancaster Network and get in on the Initial Offering for Condotel Investments and units in the Lancaster Suites Manila Atrium Tower II, Shaw Boulevard, Metro Manila ... the Hottest Investment Option now available in Manila !

Kind regards
Beth Collingz
Email: plcsales@pldtdsl.net

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I'll count you "IN" already ! 

Simple solution to that ...... Work Hard ! 

$600 a month is huge.   I don't think I can afford that one right now.  But if I work nights at the gasoline station, I think I may be able to save enough to get the ball rolling.  Hmmmm...  I think I need to start applying soon.

Anyone else interested ?