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 Edward Lundry on December 13, 2008 at 12:00 AM

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Latitude: 30.300474 -- Longitude: -97.747247

ZIP Codes for Austin, Texas	73301 73344 78701 78702 78703 78704 78705 78708 78709 78710 78711 78712 78713 78714 78715 78716 78717 78718 78719 78720 78721 78722 78723 78724 78725 78726 78727 78728 78729 78730 78731 78732 78733 78734 78735 78736 78737 78738 78739 78741 78742 78744 78745 78746 78747 78748 78749 78750 78751 78752 78753 78754 78755 78756 78757 78758 78759 78760 78761 78762 78763 78764 78765 78766 78767 78768 78769 78772 78773 78774 78778 78779 78780 78781 78783 78785 78786 78788 78789 78799
Area Code for Austin, Texas	512
Time zone for Austin, Texas	CST

Other Area Cities: Leander, TX Cedar Park, TX Round Rock, TX Elgin, TX Austin, TX Hutto, TX Manchaca, TX Pflugerville, TX Kyle, TX Dripping Springs, TX

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Austin is the state capital of Texas and the county seat of Travis County. Situated in the region of Central Texas, it is the fourth-largest city in Texas and the 16th-largest in the United States. As of the 2005 U.S. Census estimate, Austin had a population of 690,252.[1] The city is the core cultural and economic center of the Austin–Round Rock metropolitan area with a population of 1.4 million. The first documented settlement of current-day Austin occurred in 1835, and the site was named Waterloo in 1837. In 1839, Mirabeau B. Lamar renamed the city in honor of Stephen F. Austin. Its original name is honored by local businesses such as Waterloo Ice House and Waterloo Records. Austin is situated on the Colorado River and on the Balcones Fault, which in much of Austin runs roughly the same route as the MoPac expressway. -- Source: Wikipedia.com

Texas 2000 Census Population Profile Map

	Austin	Texas	United States
Population	656,562	20,851,820	281,421,906
Median age	29.6	32.3	35.3
Median age for Male	29.1	31.3	34
Median age for Female	30.2	33.4	36.5
Households	265,649	7,393,354	105,480,101
Household population	636,432	20,290,711	273,643,273
Average household size	2.4	2.74	2.59
Families	141,589	5,247,794	71,787,347
Average family size	3.14	3.28	3.14
Housing units	276,842	8,157,575	115,904,641
Occupied units	265,649	7,393,354	105,480,101
Vacant units	11,193	764,221	10,424,540

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Condo Hotels in the Philippines: The Hottest Niche

Local Information for Austin, TX

Latitude: 30.300474 -- Longitude: -97.747247

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