Condo Hotels in the Philippines: The Hottest Niche

Beth Collingz, PLC International Marketing Director for Pacific Concord Properties Inc?s Lancaster Brand of Condotels in the Philippines said When the unit owners are not using the condo hotel suite, the unit is put in the managed pool and rented out for them. The buyers have what is considered "hassle free" ownership. The condo hotel unit owners also benefit from having a professional onsite management company to handle to marketing, booking of their room and general expertise that they bring to the table. If a problem should arise with their condo hotel unit, the management company will take care of it instead of the owner having to worry about it. This makes the traditional landlord tenant issues a thing of the past.

The condo hotel buyer sees the benefit to owning a vacation property that also has the potential to produce income for them. The typical condo hotel produces higher levels of income than the traditional vacation home (and less headaches), making it all the more appealing to buyers said Collingz

Developments such as the Lancaster Suites Manila Tower I was sold out in less than 18 months and the building is set for completion Summer 2007. Condo hotels are different from traditional condos because they are sold "turn key". Clients initially purchase the standard condo unit and then when the time comes for interior ?fit-out? they can avail of the in house Condotel package of furniture?s and furnishings for the unit. This means buyers do not have to worry about hiring a designer or contractor to come in to finish out the unit. Everything is included from linens, dishes, pillows etc

Leading the way in the Metro Manila condo hotel market is Pacific Concord Properties Lancaster Brand of condotel investments. Pricing for condo hotels can range anywhere from $43,000?s up to $350,000 for Penthouse suites. Of course the pricing depends on location, views and types of finishes.

The Lancaster Suites Manila Tower I development has enjoyed great success for its clientele with property appreciation already reaching 100% for its initial buyers. Lancaster The Atrium, the latest development by PCPI in Shaw Boulevard, Metro Manila, is currently on preconstruction selling and looks set to sell out within the next few months. Lancaster The Atrium offers clients the choice of Studio, One, Two and Three Bedroom suites that all have kitchen facilities as regular residential condo unit. In addition, Lancaster The Atrium, as with the Lancaster Suites Tower I, offers unit owners and guests an extensive range of services and amenities said Collingz

Posted by Lynn Ray on December 13, 2008 at 12:00 AM

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Local Information for Winston-Salem, NC

Latitude: 36.102764 -- Longitude: -80.260491

ZIP Codes for Winston-Salem, North Carolina	27101 27102 27103 27104 27105 27106 27107 27108 27109 27110 27111 27113 27114 27115 27116 27117 27127 27150 27151 27152 27155 27156 27198 27199
Area Code for Winston-Salem, North Carolina	336
Time zone for Winston-Salem, North Carolina	EST

Other Area Cities: Lexington, NC Winston-Salem, NC Clemmons, NC Kernersville, NC Lewisville, NC Pfaftown, NC

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Winston-Salem is a city in Forsyth County, North Carolina, United States. As of the 2000 census, the city population was 185,776. It is the county seat of Forsyth County, North Carolina, and the fifth-largest city in the state. Winston-Salem is a prominent municipality in the Piedmont Triad region and home to the tallest building in the area, the Wachovia Center. It is often referred to as the "Twin City" for its dual heritage. Another nickname for the city is "Camel City" for the city's prominent tobacco industry. The Old Salem district and related Historic Bethabara site are the city's oldest historical attractions. Also of historical interest is Reynolda Village (which includes Reynolda Gardens and the Reynolda House Museum of American Art). Other sites of interest include the Horne Creek Historic Farm, Tanglewood Park, the SciWorks educational facility, and SECCA, the Southeastern Center for Contemporary Art. -- Source: Wikipedia.com

North Carolina 2000 Census Population Profile Map

	Winston-Salem	North Carolina	United States
Population	185,776	8,049,313	281,421,906
Median age	34.6	35.3	35.3
Median age for Male	32.4	33.8	34
Median age for Female	36.5	36.7	36.5
Households	76,247	3,132,013	105,480,101
Household population	176,662	7,795,432	273,643,273
Average household size	2.32	2.49	2.59
Families	46,206	2,158,869	71,787,347
Average family size	2.95	2.98	3.14
Housing units	82,593	3,523,944	115,904,641
Occupied units	76,247	3,132,013	105,480,101
Vacant units	6,346	391,931	10,424,540

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Condo Hotels in the Philippines: The Hottest Niche

Local Information for Winston-Salem, NC

Latitude: 36.102764 -- Longitude: -80.260491

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