Lancaster Suites Manila Launch Condo Hotel Operations
The Lancaster Suites located in Shaw Boulevard, Metro Manila, Philippines, a Brand Name Condotel Investment of Pacific Concord Properties Inc, is now 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 have recently been soft launched.
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, announced the company has recently soft launched its Lancaster Suites Manila Tower I Condo Hotel rental and restaurant operations last June 3, 2008.
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 and shopping malls are all found within a few minutes from the Condotel.
Lancaster Suites, 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 from only –Pph-2,670.00 per night for Studio suites aimed at budget and business travelers whilst longer term discounted rates for monthly and yearly lease rentals are also to be made available.
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 Occupancy”… 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 an initial Reservation Fee of only -Pph-25,000.00 and within 30 days a 30% Down Payment of -Pph-859,709.66 and the resulting balance payable over 12 equal consecutive monthly installments of -Pph-167,165.77. 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  717 1958
Fax: Manila  718 1828
Pacific Concord Properties Inc., Cebu Office
Lapu-Lapu City, Mactan.
Phone: Cebu  340 0721
Fax:  495 4938