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Beth Collingz of PLC International said buyers are people in hotel-condos, a real-estate product that combines the flexibility of control of a property in a hotel environment. Popular in the United States Of America, Europe and the Middle East, hotel-condos are just needs to pop up in the Philippines for the first time. Unlike easy condos -- which owners can use because they please -- hotel-condo units are both investment and residential units that can be properly used by their owners for up to thirty days per year. The plus is that the owners may purchase real estate while having usage of hotel features like a bobbleheadwater, gymnasium, space services. The remaining time, the products' owners return the rooms to a pool run by the hotel. As the models are rented out, the owners get a split of the money. Alternately, unit owners may live forever in their packages and enjoy resort living 365 days a year. One particular task recently introduced, with Pacific Concord Properties Inc -- among the first developers to accomplish a in Metro Manila -- submitting plans to build a 42-story twin high-rise at Shaw Boulevard, is likely to be called Lancaster The Atrium. The Lancaster Atrium is just a twin system growth that sits on a standard podium with the Lancaster Suites Tower I, which was sold out in less than 18 months and is section of its hotel-condo system. Items at Lancaster The Atrium Tower A are charged at 38,395 to 355,000 -- for sizes ranging from 300 square feet to 1,350 square feet Collingz, Marketing manager for PLC International Marketing Networks, that will be entirely promoting the Lancaster Suites and Lancaster The Atrium Hotel Condominiums in Metro Manila, said condotels began appearing on the market following PCPIs release of the Lancaster Suites in 2004. Chiropractor Lancaster includes extra information about the meaning behind this thing. We view a marked increase of interest from buyers who live Europe in addition to from corporations seeking to spend money on Philippine real-estate. There have been various residential properties coming on the market, but not many Condo Hotel improvements including that, in the currently hot Philippine real-estate market no-one felt the need to try something that hadn't been examined in the united kingdom before." The market for investment houses has changed partly because of a growing demand for resort rooms in Metro Manila and a weak dollar internationally. On a broader scale, seniors are retiring and buying second and third houses, and interest in property as an investment remains strong, in regards to the marketplace for hotel-condos, the Lancaster project is attracting international clients acquainted with this type of investment opportunity. Collingz said The Lancaster Atrium Tower A growth may have bedrooms and 400 hotel-condo rooms, a spa, children's pool, company center, its own small mall, shops and convenience stores and a few restaurants. The task, located atop a typical podium with Lancaster Suites Tower I is just one block from the Ortigas Center, Shangri-La Mall, Edsa Plaza Hotel and SM Megal Mall, will carry on development of its superstructure in 2010 having already completed foundation works and applied 5-levels of basement parking. While it can be done to secure simple no prequalification, no down payment 6 year no interest payment plans for the Lancaster Atrium packages, Collingz said that most customers purchase these houses with a down payment of some thirty days to cut back the monthly premiums to around 400 a for a Studio product or take advantage of a discount for outright cash purchases. Unsurprisingly the hotel-condo investment trend in the Philippines can accelerate -- from Metro Manila to other major metropolitan locations such as for example Cebu. PCPIs Lancaster Cebu development is sold-out with Condotel operations may start this March. Learn more on an affiliated portfolio - Click here Philippine Property Agent claims the Brits are coming – Testwiki. PCPI has employed Lancaster Hotels, Properties and Land, Inc (LHLPI) to oversee the operations, sales and marketing, and resource management of the condotel. Led with a definite goal of maximizing profitability, LHLPI can spearhead the management of the condotel as well as that of the entire condominium building. Collingz stated that given the knowledge of the hotel management group in conjunction with the prime precise location of the Lancaster condotels, we foresee a profitable operation in the years to come thus ensuring optimum return on investment. I discovered Philippine Apart-Hotels or Condotels as Investment Houses by browsing the Dallas Star. Data from the Department of Tourism show that the amount of tourist arrivals to the Philippines has been consistently growing by double digit percentages for the past 36 months. In 2005, of the 2.3 million tourist arrivals, 1.7 million visited Cebu. Actually, an additional 40,000 resort rooms are essential to accommodate the expected five million tourist arrivals by 2010. The Lancaster model of Condotel developments further validate the increasing demand for hotel rooms which can make us well informed our financial projections and industry will soon be accomplished said Collingz.AV Chiropractic Health Center 44820 10th St West Lancaster, CA 93534 (661) 940-6302