Released on = August 25, 2007, 4:31 pm

Press Release Author = Beth Collingz/PLC International

Industry = Real Estate

Press Release Summary = 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

Press Release Body = 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.

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 it's flagship Lancaster Condotel Developments
fit's the bill enthuses Collingz.

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

Contact Details = 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