From: "jbaranggan@gmail.com" 
Newsgroups: biz.marketplace.real-estate
Subject: Condotel Investment
Date: Sat, 03 Mar 2007 07:45:27 -0700

What is a Condotel? Is it a condominium? Is it a hotel?

Well it's a combination of both. It's also one of the hottest types of
investment properties around the world and now available in
Philippines.

Pacific Concord Properties Inc's Lancaster Suites in Metro Manila is a
condo Hotel (Condotel) in Shaw Boulevard close to the Ortigas Center.
Scheduled for opening this year, prices at Lancaster have appreciated
very rapidly, almost 100% in the last 3 years.

You buy a condominium as a vacation home within a hotel type property
and the condominium is rented out by the hotel when you are not there.
Many condo hotels have superior amenities like spas, health and
fitness centers, restaurants and business centers. The Lancaster
Suites is also set to provide an expanded array of hotel services such
as valet, concierge and maid service.

Condo hotel unit owners can receive revenue from participating in the
condo hotel's rental program, helping to offset their ownership
expenses and the surplus resulting in a annual return on their
investments. The operator of the rental program, in exchange for a 40%
share of the revenue, markets the units as a hotel, takes
reservations, operates the front desk, staffs and maintains the entire
property, and provides the services hotel guests expect, such as
housekeeping, food and beverage, and concierge.

If you want the best price and the widest selection, your best bet is
to purchase a condo hotel in early preconstruction stages. Nearly all
developers begin selling their condo hotel units 18 to 24 months
before construction is complete. One such development in the
Philippines is Lancaster - The Atrium which is now offering its
Condotel suites for sale. By reserving a condo hotel unit at this
stage, you'll be able to pay today's prices for tomorrow's real
estate. Of course, that also means you'll have a bit of a wait before
you can use your condo hotel vacation home, but the real estate
appreciation can yield a very healthy return.

The Lancaster Atrium Suites are now available on the very affordable
and competitive New Payment Plan that provides for Suites to be
purchased on a No Interest No Down Payment basis with 67% of the
payment payable over 60 equal consecutive monthly installments without
interest and the 33% balance payable upon turnover of the unit or to
be paid over an additional 5 years from turnover through our hassle
free no prequalification "In-House" Finance Plans...

Visit www.lancastersuites.com for more details.