PRLog.Org - Global Press Release Distribution
Condo-Hotels - New Hotel phenomenon set to sweep the Philippines
By Beth Collingz/PLC International
Dated: Sep 04, 2007
The emergence of the Condo Hotel is becoming ever more apparent in the Philippine investment landscape.
This alternative investment vehicle is already well established in the US and Europe and is set to become a
part of the Philippine Hotel scene.
Interest in the Philippines condominium hotels sector has increased significantly in the past two years
following many years of intermittent development and association with other shared ownership vehicles,
says Beth Collingz in her recent report: 'Condominium Hotels-The Philippines Latest Hotel Phenomenon'
Beth Collingz, Overseas Marketing Director, Investment Sales for PLC International Marketing the lead
marketing partners for Pacific Concord Properties Inc's Lancaster Brand of Condotels in the Philippines
explained: A condominium hotel is a hotel operating unit which is sold to individual equity investors,
where each owner acquires a room, suite or studio whilst the whole enterprise is managed as a hotel
operation under a single brand.
Buyers own their units the same as regular condos. There is no time limit to ownership. All Condos come
with freehold title deeds. The Condotel model is similar to the serviced apartment or apart hotel sector and
is suitable for an investor who wants to test the water in hotel investment.
We are seeing more and more sophisticated customers coming to the market and a change in demand
patterns; the traditional timeshare products seem past their prime. This, plus an increase in investment
appetite for the hospitality sector, suggests that the condominium market looks set to grow Collingz
continued: Many international hotel brands have also declared that the Philippine hotel landscape is ready
for condominium hotel developments, either in conjunction with self-contained hotel operations, as fully
self-contained condominium plans or as a part of a mixed-use development plan such as the Lancaster
Condominium hotels are significantly less developed in the Philippines than in the US, in part owing to a
low cost residential focused market as well as the lack of development in the hotel sector since the 1997
Alternative hotel ownership are featuring more and more in the hotels sector, with the rise of condominium
hotels and a shift in investor strategy, thus creating a new investor profile. At the moment, the Philippine
condominium market is being targeted and driven by private retail purchasers, typically reasonably net
worth individuals attracted by a city centre or a resort investment foothold although we are now seeing
more and more first time property buyers moving into the Condominium Hotel marketplace said Collingz.
Metro Manila and Cebu are particular favorites as an investment destination. There is room for a wider
pool of institutional and real estate investors to invest in a portfolio of condominium units or the
establishment of an investor-developer partnership.
Collingz continued that a lot of this interest is being driven by the relatively cheap market prices in the
Philippines compared to Europe, specially UK Housing prices, and the easy payment options available for
our Condo Hotel Developments, but there are other factors, too. Offshore Property Investors, Foreign baby
boomers as well as overseas Filipinos, are looking for ways to maximize their return on investments as they
approach retirement, and so are purchasing second homes, particularly Condo Hotel Investments where
PRLog.Org - Global Press Release Distribution
they can use the Condo for vacations and rent it out through our In-House Condotel Management when
they are not using the unit thereby gaining rental incomes that on today’s purchase prices, give a projected
ROI on their investments of some 12-16% depending upon the mode of payment for the unit.
Pacific Concord Properties Inc’s Lancaster - The Atrium, Shaw Boulevard, Metro Manila, Philippines is a
"Full Service" Condominium Hotel offering Studio, One, Two and Three Bedroom Suites for sale. To be
completed and ready for turnover from December 2010, the Lancaster Atrium will provide unit owners with
premier residential condo units with option of enrolling their units in the Lancaster Condo Hotel Rental
Pool and earn Rental Incomes as Owner Non-Residents when not using their units through Condotel
Management. This makes the Lancaster Brand of Condotels, one of the Hottest Investment Opportunities in
Part of the success story for this sector will be the education of a whole new investor base previously
accustomed to buy-to-let residential plans or conventional commercial real estate investments, together
with the emergence of a secondary market in the Philippines to demonstrate transparency and liquidity said
PLC International Marketing Networks
Pacific Concord Properties Inc., Manila 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. Cebu. Philippines
Phone: Cebu 340 0721
Fax: 495 4938
Category Real Estate, Travel, Finance
Tags condotel investments in the philippines, apart-hotel investment in the philippines, lancaster atrium
manila condo hotel
Email Click to email author
Phone +6332 340 0721
Fax +6332 495 4938
Address Lancaster Condotels
City/Town Mandaluyong City
State/Province Metro Manila