Released on = August 23, 2007, 5:29 pm

Press Release Author = Beth Collingz/PLC International

Industry = Real Estate

Press Release Summary = Philippine Apartment Condotel Lancaster Cebu Opens Doors to
Guests and presents yields to preconstruction investors of 8% ROI on their
investments in the first 4 months of operations

Press Release Body = Lancaster Cebu Resort Residences [LCRR] in Mactan, Cebu, is a
boutique Brand Name Condotel Investment of Pacific Concord Properties Inc, and now
ready to accept guests in the Condo Hotel. Under the management of Lancaster Hotels,
Land and Properties, Inc. [LHLPI] rental operations of LCRR were soft launched March
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, said the
original or early bird Lancaster Cebu preconstruction investors whom purchased at
our pre-launch purchase price are now earning upwards of 8% ROI on their investments
in the first 3 months of operations and have seen a 45% appreciation in their real
estate investment over the past 2 years.

These are not bad figures for a start up project enthused Collingz which is why the
company is expanding its operations in Lancaster Cebu over the next 6 months with
the acquisition and completion of another 30 suites immediately and 120 over 12
months to mid 2008.

This follows the recent announcement the company has acquired, by purchase,
additional units in its Lancaster Cebu Condotel adding another 75M pesos to its
project inventory and expansion program. This brings the number of properties held
or under contract in the development and condotel rental pool to 75 suites with
another 120 units to be added before year end for Condo Hotel rental operations.

Property is all about LOCATION said Collingz. Mactan and Lancaster Cebu, provides
one with both the laid back pace of provincial living, as well as prerequisites of
the urban dweller. Schools, hospitals, restaurants, shopping malls, and leisure are
all found on the island itself with no doubt contribute to the success of the launch
of rental operations.

Lancaster Cebu Resort Residences, located a mere 3 minutes from Mactan-Cebu
International Airport, provides easy access to all the essentials of urban living.
This ideal location will complement the Condotel operation since Lancaster Cebu 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. We
currently have Fully Furnished Executive Studio Suite and Two-Bedroom Suites
available at Lancaster Cebu Resort Residences at Pre-Increase Prices that will be
"Ready For Occupancy from November 2007". at the current price said Collingz.

For the soft launch running through to December 2007, LHLPI has prepared special
promotional room rates aimed at budget travelers. Guests can check-in to any of the
executive studio suites for as low as $35 a night or to any of the two-bedroom loft
rooms at $65 a night plus 13% Government Tax whilst longer term discounted rates for
monthly and yearly lease rentals are also available said Collingz.

For those clients looking for investments in the Philippines, Lancaster Cebu also
offers Studio Suites for sale.

US based investors at Lancaster Cebu can take advantage of their 401K or IRA
allotments whilst UK clients can avail of retirement tax incentives for the purchase
of condo units under their Self Invested Pension Program [SIPP].

With the expansion of the current rental operations we expect occupancy rates to
increase to some 80% and rental returns to reach the 10-12% ROI level early 2008
based upon the current promo rates. Of course as rentals increase with inflation and
the with the Holidays fast approaching, these figures could be significantly
improved. Not only that, current real estate appreciation is also a factor running
at some 15% per annum in Cebu said Collingz.

Whilst some renovation works are still ongoing within the complex, unit rentals are
still available to guests at \'Special Promo Rates\'. Cebu City is the acknowledged
gateway and Queen City of the South. Cebu is the most important trading and
commercial hub outside of Metro Manila. Mactan Cebu International Airport assures
the arrival of a steady stream of international flights from Amsterdam, Frankfurt,
Singapore, Hong Kong, Tokyo, Kota Kinabalu, Seoul and Qatar. There are also
chartered flights from Incheon, Taipei, Kansai, Nagoya and Kiaoshung that arrive on
a weekly basis. Cebu is identified by Asiaweek and Conde Nast Traveller as one of
Asia's Best Cities

Web Site = http://www.lancastersuites.com

Contact Details = For more information, specifications and reservations please do
not hesitate to contact us:

Beth Collingz- Director
PLC International Marketing Networks
Pacific Concord Properties Inc., 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
Web: http://www.lancastersuites.com
Web: http://www.condotel-rentals.com