Released on: September 3, 2007, 10:17 pm

Press Release Author: Beth Collingz/PLC International

Industry: Real Estate

Press Release Summary: The emergence of the condominium hotel sector is becoming
ever more apparent in the Philippine Hotel investment landscape. This alternative
investment vehicle is already well established in the US and Europe and is set to
become a part of the Philippine Hotel scene.


Press Release Body: Interest in the Philippines condominium hotels sector has
increased significantly in the past two years following many years of intermittent
development and association with other shared ownership vehicles, says Beth Collingz
in her recent report: \'Condominium Hotels-The Philippines Latest Hotel Phenomenon\'

Beth Collingz, Overseas Marketing Director, Investment Sales for PLC International
Marketing the lead marketing partners for Pacific Concord Properties Inc\'s Lancaster
Brand of Condotels in the Philippines explained: A condominium hotel is a hotel
operating unit which is sold to individual equity investors, where each owner
acquires a room, suite or studio whilst the whole enterprise is managed as a hotel
operation under a single brand.

Buyers own their units the same as regular condos. There is no time limit to
ownership. All Condos come with freehold title deeds. The Condotel model is similar
to the serviced apartment or apart hotel sector and is suitable for an investor who
wants to test the water in hotel investment.

We are seeing more and more sophisticated customers coming to the market and a
change in demand patterns; the traditional timeshare products seem past their prime.
This, plus an increase in investment appetite for the hospitality sector, suggests
that the condominium market looks set to grow Collingz continued: Many international
hotel brands have also declared that the Philippine hotel landscape is ready for
condominium hotel developments, either in conjunction with self-contained hotel
operations, as fully self-contained condominium plans or as a part of a mixed-use
development plan such as the Lancaster Brand.

Condominium hotels are significantly less developed in the Philippines than in the
US, in part owing to a low cost residential focused market as well as the lack of
development in the hotel sector since the 1997 Asian Crisis.

Alternative hotel ownership are featuring more and more in the hotels sector, with
the rise of condominium hotels and a shift in investor strategy, thus creating a new
investor profile. At the moment, the Philippine condominium market is being targeted
and driven by private retail purchasers, typically reasonably net worth individuals
attracted by a city centre or a resort investment foothold although we are now
seeing more and more first time property buyers moving into the Condominium Hotel
marketplace said Collingz.

Metro Manila and Cebu are particular favorites as an investment destination. There
is room for a wider pool of institutional and real estate investors to invest in a
portfolio of condominium units or the establishment of an investor-developer
partnership.

Collingz continued that a lot of this interest is being driven by the relatively
cheap market prices in the Philippines compared to Europe, specially UK Housing
prices, and the easy payment options available for our Condo Hotel Developments, but
there are other factors, too. Offshore Property Investors, Foreign baby boomers as
well as overseas Filipinos, are looking for ways to maximize their return on
investments as they approach retirement, and so are purchasing second homes,
particularly Condo Hotel Investments where they can use the Condo for vacations and
rent it out through our In-House Condotel Management when they are not using the
unit thereby gaining rental incomes that on today's purchase prices, give a
projected ROI on their investments of some 12-16% depending upon the mode of payment
for the unit.

Pacific Concord Properties Inc's Lancaster - The Atrium, Shaw Boulevard, Metro
Manila, Philippines is a \"Full Service\" Condominium Hotel offering Studio, One, Two
and Three Bedroom Suites for sale. To be completed and ready for turnover from
December 2010, the Lancaster Atrium will provide unit owners with premier
residential condo units with option of enrolling their units in the Lancaster Condo
Hotel Rental Pool and earn Rental Incomes as Owner Non-Residents when not using
their units through Condotel Management. This makes the Lancaster Brand of
Condotels, one of the Hottest Investment Opportunities in the Philippines.

Part of the success story for this sector will be the education of a whole new
investor base previously accustomed to buy-to-let residential plans or conventional
commercial real estate investments, together with the emergence of a secondary
market in the Philippines to demonstrate transparency and liquidity said Collingz.


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

Contact Details: 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
Web: http://www.lancastersuites.com