| PLCMarketing 2007-12-21, 9:25 am |
| New High End Luxury Beachfront Condotels Planned in Cebu Philippines
Beth Collingz, PLC International Marketing Director, lead marketing
partners for Lancaster Brand of Condotels in the Philippines, said the
company's latest sale of condotel units drew not only overseas
Filipinos but significant numbers of international buyers from Europe
and Australia. Units in Lancaster Suites Tower I Manila are sold out
whilst their latest project, Lancaster - The Atrium Tower A at Shaw
Boulevard, Metro Manila is 75% booked and range from studios to three-
bedroom penthouse suites with full kitchens. We now have demand from
our clients for new, luxury high end condotel development in Cebu
Collingz said.
Owners of Lancaster condotel units can arrange to stay in their units
and they share 60% of any rental income. The Lancaster Atrium together
with the soon completed and upcoming operations of Lancaster Suites
Manila, one of the hottest real estate investments in the Philippines,
will be the hub for Lancaster condotels in the Philippines. The 42-
level Lancaster Suites Manila, scheduled for operations this year,
features studio, one-bedroom and two-bedroom condotel units, as well
as penthouse suites. The units will be available for daily, weekly or
monthly rental, Collingz said.
Collingz said a major condo hotel project is being considered by the
Company with several UK Investment Trusts and local investors in Cebu,
Philippines. "Apart from the soon to be launched Lancaster - The
Atrium Tower B in Manila, we've got so many clients requesting Luxury
Beachfront Condotel Suites in Cebu willing to advance payments for
high end condo hotel units," she said. "It's a whole new era of
Overseas Investments coming up -- it's not something that we've
typically seen in the past and no one in the Philippines fully caters
to this high end luxury lifestyle market. (These Investors) are all
characteristically looking for a five star hotel spa resort, with all
the features of a hotel that can be used for vacations and then rent
out the units when not in use".
The new and exciting luxury five-star properties or high end
developments planned in Cebu Philippines, that will be sold by
invitation only and will start from $85,000 for 385sqft Condotel
Studio Suites and in the $150,000 to $200,000 range for Deluxe 500sqft
Studios, whilst larger residential suites can go all the way up to
$600,000 for 2 bedroom Penthouse suites and $800,000 for a Grand
Penthouse. Of course, International gateways from Europe, South East
Asian and the United States to Cebu-Mactan International Airport is
within 15 minutes and, all units have sea views, beach toys and other
lifestyle amenities such as spa and fine dining restaurants and will
come fully fitted, furnished and finished to the highest European
standards with fully fitted kitchens, fitted bedroom suites and every
unit will be sold including all appliances, split type central unit
air-conditioning, plasma TVs' and state of the art communication and
condotel management systems.
Units will be significantly larger in size than a typical hotel room
yet still a much better value for money investment option than paying
$800,000 for a studio suite in maybe Dubai or Panama or a cool million
dollars for a condo in Chicago. With a waiting list of more than 200
prospective clients for prime Condos in Cebu, Collingz reckons sales
for the new developments will be fast.
The planned high end Lancaster Mactan Resort Condo Hotel will be on
the Beachfront and not too far from the Cebu Convention Center and
Cebu International Airport which is key to good year-round occupancy
numbers, she said. The square footage can range from 700 square feet
to 1,800 square feet for one and two bedroom suites or more than 3,000
square feet split level penthouse suite.
"Why can't we build, and sell a - Trump or Ritz Carlton Quality Condo
Hotel - in the Philippines and get the same buyers into the
Philippines that flock to invest in lifestyle developments around the
world" enthused Collingz.
For more info on Luxury Lifestyle Condotel Investments in the
Philippines please contact:
Beth Collingz
PLC International Marketing Networks
EMail: plcsales@pldtdsl.net
Web: http://www.lancastersuites.com
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