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 Manila are sold out whilst their latest project, Lancaster The
Atrium 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-story 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. “We’ve got so many
clients requesting Luxury Condotel Suites in Cebu willing to advance
payments for high end luxury condotels,” 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 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 in the $ 150,000 to $
200,000 range for Deluxe 500sqft Studios, 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.
The planned high end Lancaster Mactan
Resort Condotels will be near the new 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 Condotel – in the Philippines and get the same
buyers into the Philippines that flock to invest in lifestyle
developments around the world enthuses Collingz
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