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Lancaster Suites’ Condotels Investment Concept

admin — Mon, 19 Apr 2010 11:20:50 +0000

After a condotel unit owner signs up with the hotel management team who will operate the project as a world class serviced apartment, they join the rental pool.

Aside from appreciation of the property, pool mebers receive a steady monthly income based on the size of their unit regardless of whether said unit was leased or not. This is because the hotel management will pool together total income of the entire hotel and distribute this to unit owners net of any expense based upon unit floor area. This makes the investment cost efficient and practically risk free.

Unit owners in the rental pool enjoy totally hassle-free CONDOTEL management. They need not worry about unpaid electricity bills, unpaid rent, and other problems so common in conventional leasing. All concerns, down to the payment of electricity bills and utilities are taken cared of by the professional hotel management operator. Unit owners can sit back, relax, and wait for their monthly rental income from anywhere around the world. Pacific Concord Properties, Inc., Flagship Lancaster Suites Condotel [Manila] development located along Shaw Boulevard, Mandaluyong City, Metro Manila, one of the hottest Condotel Investments in the Philippines

Beth Collingz- Director

PLC International Marketing Networks
Pacific Concord Properties Inc., Head Office
Shaw Boulevard, Mandaluyong City.
Metro Manila. Philippines

Investing Your Self Directed IRA or 401K In Philippine Condotel

admin — Wed, 24 Mar 2010 08:26:17 +0000

Investing Your Self Directed IRA or 401K In Philippine Condotel Investment Real Estate

As of last year, finance and retirement experts suggest that approximately 2% of the nations $3 trillion in IRA investment is stashed in real estate and other non-traditional investment vehicles. If youre considering using your IRA savings to invest in real estate, there are some excellent reasons that you should choose Philippine Condotel Investment real estate to drive your retirement portfolio into high profit margins.

Beth Collingz, PLC Global Marketing Director for the Lancaster Brand of Condotels in the Philippines, said Investing in foreign real estate is neither as risky nor as tricky as a lot of people would have you believe. While land and housing prices in the U.S. have soared astronomically in the past decade, the world real estate market is a far different story. Its still possible to buy a preconstruction Condotel suite at Lancaster The Atrium located in Metro Manila, Philippines, for less than $50,000.

Lancaster Manila Atrium Tower A, Shaw Boulevard, Metro Manila, Philippines is a “Full Service” Condominium Hotel ["Condotel"] offering Studio, One, Two and Three Bedroom Suites for sale. To be completed and ready for turnover from December 2010, the Lancaster Suites Manila Atrium Tower II will provide unit owners with premier residential condo units with the option of enrolling their units in the Lancaster Condotel Rental Pool and earn Rental Incomes [at current purchase levels] of some 12-16% ROI per annum as Owner Non-Residents when not using their units through Condotel Management and reciprocal arrangement with Lancaster Cebu Resort Residences. This makes Lancaster Suites one of the Hottest Investment Opportunities in the Philippines.

The beauty of holding property in the Philippines is the low cost of property taxes and maintenance. A $50,000 Condotel suite may set you back $200 in property taxes per year, and maintenance costs are similarly low. When you add in the tax-protected status of investments made in your IRA, and the 12-16% returns through rental income through the Condotel advantage, you have an incredible ROI on a purchase of Philippine Condotel investment real estate enthused Collingz.

Whats the downside about owning Philippine Condotel Investment real estate as an IRA investment? You cannot reside at your investment property as long as the IRA retirement account is titled as the owner of the property. The self directed IRA rules about benefiting personally from your IRA investments are strict – you are not allowed to make use of any property owned by your IRA, or you risk losing its tax-protected status and worse yet you could face penalties from the IRS. You can, however, rent out your IRA investment for steady income – putting the profits and cash flow into your IRA, or sell your Philippine Real Estate Investment for immediate profit, as long as those profits remain inside the IRA.

If youre looking for an unusual and high earning investment for your IRA, then take a serious look at owning Philippine Condotel investment real estate. It can help kick your IRA earnings into high gear.

Global Life Management, Inc., PLC Internationals Marketing Partner based in the U.S recently announced its Self-Directed IRA Affiliate Program Available to US buyers of the Lancaster Brand of Condo Hotels in the Philippines.

With the impending slowdown of the U.S. housing market and failing pension plans, many investors are turning to using their IRAs to invest in overseas properties and earn tax-free or tax-deferred income. This creates an outstanding opportunity for by offering self-directed IRAs to invest in the Lancaster Suites Atrium Tower preconstruction units.

With preconstruction property appreciating at some 20-30% per annum not only does the Real Estate Appreciation look good but the rental income is in excess of what many IRA and Pension Plans offer for the same or similar investment.

Jeffrey Clarke, President of Global Life Management, a company specializing in Philippine businesses and investments, is now offering its affiliate program to interested clients based in the U.S, announced that We handle all the paperwork, answer any client questions and can even setup a LLC driven IRA with checkbook control all for a price $1,775 less expensive than our major competitors.

Were finding clients, who previously were undecided, are now very interested in using a Self-Directed IRA to purchase a Condo Hotel unit. Not only can they qualify for the 20% discount, in many cases, but they are excited to learn they can earn rental income tax-free or tax-deferred, saving them tax dollars on capital gains; says Jeffrey.

Beth Collingz says that many new investors are looking to replace failed pension plans and other future saving schemes with a solid investment in Real Estate. Clients are looking for investments that will give them an income for retirement as an alternative to traditional private pension plans that have failed. Most company pension plans are insufficient as are Government Pensions. Bank rates for Savings accounts are at record lows. Savvy investors are now looking for a more solid investment with potential for monthly income. Condotels in the Philippines fit the bill

This potential, high rates of rental returns from Condotel Investments, currently from 12% up to 16% per annum, opens up a huge market not traditionally looked at by Real Estate Agents and Brokers whom all so often run around looking for normal residential profile buyers without looking at the by far bigger picture of investments, investing and retirement. “Were here to help our clients, educating our clients and advising them of emerging investment opportunities. Self-Directed IRAs and the Lancaster Suites Atrium Condotels, fit this bill exactly; adds Jeffrey.

GLM is a global investment consulting company, specializing in educating its clients on emerging investment opportunities, metals, currencies and self-directed IRAs

Foreign Nationals snap up Philippine Apart-Hotel or Condotel Investments

admin — Wed, 10 Feb 2010 15:15:30 +0000

Beth Collingz, director of PLC International Marketing Networks, said her company had been very busy catering to buyers from the United Kingdom and Australia who were interested in investment properties as well as holiday homes here.

A lot of this interest is being driven by the relatively cheap market prices here compared to Europe especially UK housing prices and the easy payment options available for condominium hotel developments Collingz said. She added that offshore property investors, foreign baby boomers as well as overseas Filipinos were looking for ways to maximize their return on investments as they approach retirement.

And so they are purchasing second homes, particularly condotels, where they use the condo for vacations and rent it out when they are not using the unit said Collingz, who runs the internet based PLC Global Pinoy marketing network. The buyers gain rental incomes that on todays purchase prices give a projected ROI of some 8 percent to 16 percent depending on the mode of payment for the unit she said.

Collingzs firm is in partnership with Pacific Concord Properties, Inc., which has market ready projects in Metro Manila and Cebu under the brand Lancaster Suites, with more being built in other locations. Condotels are gaining a following because, in Pacific Concords case, the owners can make the condos available for short-term rentals when they are away.

At least 85 percent of PLC Global Pinoys condotel sales in the Philippines were to international clients. While such a level of foreign purchasing activity is not as high in the Philippine provinces, Cebu in particular, has seen a sharp increase in real estate purchases by international buyers in the past several years she said. Foreign buyers were aware that it was a buyers market in the Philippines right now with many properties available and fewer local buyers continued Collingz.

Condotel or Apart-Hotel Suites Make an Excellent Rental Property Investment

admin — Thu, 28 Jan 2010 18:59:45 +0000

Condotel or Apart-Hotel Suites Make an Excellent Rental Property Investment

Many people are aware of the strategy of developer extended loans to purchase rental real estate says Beth Collingz, Overseas Sales Director of PLC International, lead marketing partners for Pacific Concord Properties Inc’s Lancaster Brand of Condotels in the Philippines. You make a very small down payment with the majority of the purchase price payable over as long a period the developer extends at zero interest.

In Apart-Hotels or Condotels, the rental income goes a long way to cover the cost of servicing and managing the unit and in the long term after paying off the purchase price, can give a ROI through rentals of up to 16% per annum. Regardless of the possible bumps on the road to greater wealth, condotel investments are at least an easily-understood investment tool that most of us can handle added Collingz

Collingz expects rental income to rise 15 percent in the coming 12 months after gains of as much as 30 percent since January 2006, when Pacific Concord Properties Inc are set to launch Condo Hotel operations of their flagship Lancaster Suites located in the Ortigas business district in Metro Manila.

UK Private equity units of banks and investment clubs, driven in part by the current strength of the Pound Sterling in international trading, are being attracted by returns in the Philippines as much as double those in the United States and Europe, are purchasing significant blocks of real estate for investment trusts for Asian commercial property. There are large amounts of capital now chasing increasingly limited investment-grade real-estate opportunities in Asia, said Collingz. We are currently in the closing stages of packaging the investment of some $20M in private-equity real estate funds for new Lancaster Brand Apart-Hotel or Condotel developments in Metro Manila and Cebu, on the strength of expected rental returns which will continue to grow at a rapid pace. With funds raised for commercial property deals in Asia having doubled in each of the past five years, Collingz see the market value of Condotel investments in the Philippines reaching new heights in 2007/8 as more developments come on line.

Rising demand for homes, hotels, short and medium term rental accommodation, offices and shopping malls in the Philippines, home to a population of almost 80 million and with a significant number of the more than 10 million returning overseas Filipino Baby Boomers, is fueling rents. Residential rents in Metro Manila rose 26 percent in the three months to March 2007, their highest quarter-on-quarter increase in more than a decade, as more and more IT companies set up shop in the Philippines. Companies like Texas Instruments are investing $1B in expanded operations in the Philippines. High-end rents rose some 13 percent from a year earlier, said Collingz.

Collingz projects that Rents in the region are set to effectively jump up by at least 8.7 percent per annum over the next five years, compared with 3.3 percent in the United States and 3.7 percent in Europe. Yields from 8 percent to as high as 14-16 percent ROI on rental income property contrast with the 4 percent to 5 percent that private equity firms get in the United States and Europe.

People are in general looking to shift fund flows relatively towards Asia,” Collingz said. It already has had a profound impact in markets where there’s a lot of this money chasing the same assets. In Singapore, the region’s second- biggest market after Japan, investments by private real estate funds accounted for seven of the 19 office blocks, worth 6.7 billion dollars, sold since September 2005. REITs bought six. A Goldman Sachs fund paid 690 million dollars for two buildings last November that house the headquarters of DBS Group Holdings. In Hong Kong, property funds of Morgan Stanley and Macquarie Bank paid a total of 7.9 billion Hong Kong dollars, or $1.02 billion, for four office blocks from March to May, according a recent article published by CB Richard Ellis.

As the Singapore, Japan and Hong Kong markets become saturated, the Philippines will be the next real estate market to attract substantial overseas investments. Lower prices and retirees spending money are also directing foreign attention to residential condominium hotels in the Philippines, which in turn is driving up more construction. A lot of this interest is being driven by the relatively cheap market prices here compared to Europe especially UK housing prices and the easy payment options available for condominium hotel developments Collingz said. The buyers gain rental incomes that on todays purchase prices give a projected ROI of some 8 percent to 14-16 percent depending on the mode of payment for the unit she said.

Beth Collingz
PLC International Marketing Networks

Condotel or Apart-Hotel Suites Make an Excellent Rental Property Investment

admin — Sun, 24 Jan 2010 16:11:34 +0000

Condotel or Apart-Hotel Suites Make an Excellent Rental Property Investment

Beth Collingz
PLC International Marketing Networks

Condotel Investments in the Philippines

admin — Sat, 23 Jan 2010 12:58:51 +0000

Beth Collingz of PLC International said buyers are investors in hotel-condos, a real estate product that combines the flexibility of ownership of a condo in a hotel setting. Popular in the United States, Europe and the Middle East, hotel-condos are just starting to pop up in the Philippines for the first time.

Unlike simple condominiums — which owners can use as they please — hotel-condo units are both investment and residential units that can be used by their owners for up to 30 days per year. The plus is that the owners can invest in real estate while having access to hotel amenities like a spa, gym, room services. The remaining time, the units’ owners return the rooms to a rentable pool run by the hotel. As the units are rented out, the owners receive a split of the income. Alternatively, unit owners can live permanently in their suites and enjoy hotel living 365 days a year.

One such project recently announced, with Pacific Concord Properties Inc — among the first developers to do a hotel-condo in Metro Manila — submitting plans to build a 42-story twin high-rise at Shaw Boulevard, will be called Lancaster The Atrium.

The Lancaster Atrium is a twin tower development that sits on a common podium with the Lancaster Suites Tower I, which was sold out in less than 18 months and is part of its hotel-condo program.

Units at Lancaster The Atrium Tower A are priced at $38,395 to $355,000 — for sizes ranging from 300 square feet to 1,350 square feet

Collingz, Marketing director for PLC International Marketing Networks, which is exclusively marketing the Lancaster Suites and Lancaster The Atrium Hotel Condominiums in Metro Manila, said condotels started appearing on the market following PCPIs launch of the Lancaster Suites back in 2004. We see a marked increase of interest from buyers who live Europe as well as from corporations looking to invest in Philippine real estate. There have been a plethora of residential properties coming on the market, but not many Condo Hotel developments adding that, in the currently hot Philippine real estate market no one felt the need to try out a product that had not been tested in the country before.”

The market for investment properties has shifted in part because of a booming demand for hotel rooms in Metro Manila and a weak dollar internationally. On a broader scale, baby boomers are retiring and buying second and third homes, and interest in real estate as an investment remains strong, when it comes to the market for hotel-condos, the Lancaster project is attracting international customers familiar with this type of investment opportunity. Collingz said

The Lancaster Atrium Tower A development will have 400 hotel-condo rooms and suites, a spa, swimming pool, business center, its own mini mall, shops and convenience stores and several restaurants. The project, located atop a common podium with Lancaster Suites Tower I is only one block from the Ortigas Center, Shangri-La Mall, Edsa Plaza Hotel and SM Megal Mall, will continue construction of its superstructure this year having already completed foundation works and put in place 5-levels of basement parking.

While it is possible to secure easy no prequalification, no down payment 6 year no interest payment plans for the Lancaster Atrium suites, Collingz said that most buyers purchase these properties with a small down payment of some 30% to reduce the monthly payments to around $400 a month for a Studio unit or take advantage of a 20% discount for outright cash purchases.

Unsurprisingly the hotel-condo investment trend in the Philippines will accelerate — from Metro Manila to other major metropolitan hubs such as Cebu. PCPIs Lancaster Cebu development is already sold out with Condotel operations will commence this March.

PCPI has appointed Lancaster Hotels, Land and Properties, Inc (LHLPI) to oversee the operations, sales and marketing, and asset management of the condotel. Guided with a clear goal of maximizing profitability, LHLPI will spearhead the management of the condotel as well as that of the entire condominium building.

Collingz said that given the expertise of the hotel management team coupled with the prime location of the Lancaster condotels, we foresee a profitable operation in the years to come thereby ensuring maximum return on investment.

Statistics from the Department of Tourism indicate that the number of tourist arrivals to the Philippines has been consistently growing by double digit percentages for the past three years. In 2005, of the 2.3 million tourist arrivals, 1.7 million visited Cebu. In fact, an additional 40,000 hotel rooms are needed to accommodate the expected five million tourist arrivals by 2010.

The Lancaster brand of Condotel developments further validate the increasing demand for hotel rooms which make us more confident that our market and financial projections will be achieved said Collingz

Condotel Investments in the Philippines. Lancaster Suites Blogs

admin — Sat, 23 Jan 2010 00:14:57 +0000

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 acquired by purchase an additional 27 units in its Lancaster Cebu Condotel adding another 75M pesos to its project inventory and expansion. This brings the number of properties held in the development 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, 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.

Lancaster Cebu Resort Residences, located a mere 3 minutes from Mactan-Cebu International Airport, provides you with 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 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 September 2007 at the current price said Collingz.

Fully furnished Studio Suites are priced at -Pph-2,753,924.06 and may be purchased with initial Reservation Fee -Pph-100,000.00 Balance Payable without interest over 24 consecutive equal monthly payments of -Pph-110,580.17 [Tax Inclusive]. Alternatively Save -Pph-106,156.96 by making Reservation [-Pph-100,000.00] then within 30 days 40% Net Down Payment of -Pph-955,412.70 with resulting Balance payable without interest over 24 consecutive equal monthly payments -Pph-66,348.10. Another option, Pay Cash and take 10% discount [Save -Pph-275,392.40] Pay the Reservation Now [-Pph-100,000.00] and the Cash Balance within 30 days [-Pph-2,378,531.66] for an Effective Total Cash Price of -Pph-2,478,531.66. This Suite many also be purchased on Five Year Payment Terms through our no qualification In-House Finance with 15% Down Payment.

Whilst, fully furnished 2 BR Loft Type Suites are priced at -Pph-5,467,004.14 and may also be purchased with an initial Reservation Fee of only -Pph-100,000.00 with the Balance Payable without interest over 24 consecutive equal monthly payments of -Pph-223,625.18 Tax Inclusive. Alternatively Save -Pph-214,680.16 by making the Reservation -Pph-100,000.00 then within 30 days 40% Net Down Payment of -Pph-1,932,121.50 and resulting Balance payable without interest over 24 consecutive equal monthly payments Pph-134,175.10. Another option, Pay Cash take 10% discount [Save -Pph-546,700.41] Pay the Reservation Now [-Pph-100,000.00] and Balance within 30 days [-Pph-4,820,303.73] for an Effective Total Cash Price of -Pph-4,920,303.73. These Two Bedroom Fully Furnished Suites many also be purchased on Five Year Payment Terms through our no qualification In-House Finance Available with 15% Down Payment.

Collingz said Lancaster Cebu Resort Residences is also offering Studio and 2-Bedroom Fully Furnished Ready for Occupancy Suites on daily, weekly, monthly or yearly lease rental terms. Whilst some renovation works are still ongoing within the complex, unit rentals are now 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 Asias Best Cities.

Condo Hotels in the Philippines: The Hottest Niche in the

admin — Fri, 22 Jan 2010 14:04:37 +0000

Condo Hotels in the Philippines: The Hottest Niche in the Philippine Investment Property market

Beth Collingz, PLC International Marketing Director for Pacific Concord Properties Incs Lancaster Brand of Condotels in the Philippines said When the unit owners are not using the condo hotel suite, the unit is put in the managed pool and rented out for them. The buyers have what is considered “hassle free” ownership. The condo hotel unit owners also benefit from having a professional onsite management company to handle to marketing, booking of their room and general expertise that they bring to the table. If a problem should arise with their condo hotel unit, the management company will take care of it instead of the owner having to worry about it. This makes the traditional landlord tenant issues a thing of the past.

The condo hotel buyer sees the benefit to owning a vacation property that also has the potential to produce income for them. The typical condo hotel produces higher levels of income than the traditional vacation home (and less headaches), making it all the more appealing to buyers said Collingz

Developments such as the Lancaster Suites Manila Tower I was sold out in less than 18 months and the building is set for completion Summer 2007. Condo hotels are different from traditional condos because they are sold “turn key”. Clients initially purchase the standard condo unit and then when the time comes for interior fit-out they can avail of the in house Condotel package of furnitures and furnishings for the unit. This means buyers do not have to worry about hiring a designer or contractor to come in to finish out the unit. Everything is included from linens, dishes, pillows etc

Leading the way in the Metro Manila condo hotel market is Pacific Concord Properties Lancaster Brand of condotel investments. Pricing for condo hotels can range anywhere from $43,000s up to $350,000 for Penthouse suites. Of course the pricing depends on location, views and types of finishes.

The Lancaster Suites Manila Tower I development has enjoyed great success for its clientele with property appreciation already reaching 100% for its initial buyers.
Lancaster The Atrium, the latest development by PCPI in Shaw Boulevard, Metro Manila, is currently on preconstruction selling and looks set to sell out within the next few months. Lancaster The Atrium offers clients the choice of Studio, One, Two and Three Bedroom suites that all have kitchen facilities as regular residential condo unit. In addition, Lancaster The Atrium, as with the Lancaster Suites Tower I, offers unit owners and guests an extensive range of services and amenities said Collingz

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