LANCASTER HOTELS ANNOUNCE LAUNCH DATE FOR PHILIPPINE CONDOTEL OPERATIONS
LANCASTER HOTELS ANNOUNCE LAUNCH DATE FOR PHILIPPINE CONDOTEL OPERATIONS
Mandaluyong, Metro Manila, North Carolina - 2007-11-02 - The Lancaster Suites located in Shaw Boulevard, Metro
Manila, Philippines, a Brand Name Condotel Investment of Pacific Concord Properties Inc, will soon be ready to accept
guests on short and long term leases in the Condo Hotel. Under the management of Lancaster Hotels, Land and Properties,
Inc. [LHLPI], rental operations will be soft launched from December 2007.
Beth Collingz, International Marketing Director of PLC Global an internet based sales and marketing company and lead
marketing partners with Pacific Concord Properties, Inc., for the Lancaster Brand of Condotels in the Philippines, recently
announced the company has set a December 2007 soft launch date for its Lancaster Suites Manila Tower I Condo Hotel
rental operations.
Property is all about LOCATION said Collingz. Lancaster Suites, centrally located along Shaw Boulevard, Metro Manila
some 200 meters from EDSA-Shaw Boulevard Light Rail Transit Station and the Ortigas Center business district, provides
guest access to its own unique Mini Mall feature with prerequisites of the urban dweller. Schools, hospitals, banks,
restaurants, shopping malls, and leisure are all found within a few minutes from the Condotel.
Lancaster Suites, located a mere 5 minutes from such Ortigas landmarks as the SM Mega Mall, Shangri-La Mall, Edsa Plaza
Hotel, and the Asian Development Bank, San Miguel Corporation and Banco de Oro Head Office, provides you with easy
access to all the essentials of urban living. This ideal location will complement the Condotel operation since Lancaster
Suites Manila will function as a condominium hotel – a preferred accommodation choice of businessmen and holiday
travelers alike. Clients can either purchase Condotel Suites for investment purposes or lease the units on weekly, monthly or
yearly basis.
For the soft launch, LHLPI will prepare special promotional room rates aimed at budget and business travelers whilst longer
term discounted rates for monthly and yearly lease rentals are also to be made available said Collingz. Room Rates from
January 1, 2008 for Studio Suites will run $100/night whilst One Bedroom Suites are available from $120/night.
Reservations are subject to room availability. Rates are inclusive of service charge and government tax. Children 12 years of
age and below sharing room with parents without extra bed are free of charge. The Hotel reserves the right to revise rates.
Rates are subject to change without prior notice. Complimentary breakfast and newspaper daily. Welcome drink. Lancaster
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Suites will have a scheduled shuttle service from the Hotel to Makati and Ortigas Center and vice versa.
Clients wishing to purchase units may do so and we currently have a few Executive Studio Suite and One-Bedroom Suites
available at Lancaster Suites at Pre-Operational Prices that will be “Ready For Use from December 2007”… at the current
price said Collingz.
All units at the Lancaster Suites have kitchen facilities. The standard unit price provides for the suite to be semi-finished but
not fully furnished. Included in the current price are the interior finishing’s such as tiled & semi-fitted bathrooms, bedrooms
with simulated wood plank flooring, semi-fitted living and dining area with simulated wood plank floorings and lower
kitchen cabinets/work tops installed. Walls and ceilings are painted cement finish. A complete optional extra interior fit-out
package including unit fittings and fixtures, furniture’s, furnishings, air-conditioning, lighting fixtures and appliances will be
available towards the time the units are closer to being completed. Monthly condo dues or maintenance fees are currently
around 80 pesos/square meter of the unit floor area/month.
Prospective or existing unit buyers may avail of up to 15 year mortgages for the purchase of all Lancaster Suites Tower I
Condotel units with minimum equity of 30%. Banco De Oro (BDO) a commercial Bank in Metro Manila has just approved
a buyer’s financing or mortgage plans for Lancaster Suites Tower I Manila Condotel units. The new financing scheme, a
first providing Philippine Mortgages to Foreign Nationals residing overseas for Condotel units in the Philippines, is now
available to unit owners (Filipinos, Filipino-Americans and Foreign Nationals alike) whom are looking to purchase a Condo
Hotel Suite or refinance their investments through BDO’s Home Loan
Lancaster Suites Tower I Manila Executive Studio Suites may be purchased with a Reservation Fee of -Pph- 25,000.00 then
30% Down Payment of -Pph-659,583.34 within 30 days and the resulting balance payable over 12 equal consecutive
monthly installments of -Pph-128,252.32. Interest Free. For clients intending to enroll units in the Condo Hotel Rental Pool
a complete Condotel Suite “Fit-Out” package including all required items of furniture’s, furnishings, appliances,
air-conditioning, kitchen utensils, dinnerware’s, linens etc is now available for Studio Suites ranging from -Pph-403,715.00
said Collingz
Metro Manila remains a popular choice with international buyers and institutional investors. Collingz says clients tell her
that it makes more sense to buy in a year-round vacation destinations and business centers. Lancaster - The Atrium Condotel
developments by Pacific Concord Properties located in Shaw Boulevard, Metro Manila - fits the bill with all it offers to
International buyers.
Accessibility is also a factor. “Flights from London to Manila, for example, average just 16 hours, add to that the many
airline specials and it’s easy to see why this area is becoming an international community.” Unlike other offshore rental
properties, where the rental market is largely seasonal, in the Philippines there is a strong market for rental properties year
round. This gives buyers greater flexibility in choosing when to use and when to rent their property. The strong
rental/second home market also has resulted in a proliferation of professional property managers and rental agents, making
property ownership and rental easy. Pacific Concord Properties Inc with its flagship Lancaster Condotel Developments fit’s
the bill enthuses Collingz.
Beth Collingz
PLC International Marketing Networks
Pacific Concord Properties Inc., Manila Head Office
Shaw Boulevard, Mandaluyong City. Metro Manila. Philippines
Phone: Manila [632] 717 1958
Fax: Manila [632] 718 1828
Pacific Concord Properties Inc., Cebu Office
Lapu-Lapu City, Mactan. Cebu. Philippines
Phone: Cebu [6332] 340 0721
Fax: [6332] 495 4938
EMail: plcsales@pldtdsl.net
Website : www.lancastersuites.com
