Beth Collingz, PLC Global Marketing Director International Marketing Networks PLC, the largest distributor of Pacific Concord Properties Inc Lancaster Brand of Condo Hotels in the Philippines says Apart-Hotels or Condotels how they are local are increasingly popular in the UK and European investors. Over the last two months alone, we sold a significant number of units and hotel apartments, both in Germany and Europe. Apart-hotels are an opportunity for investors in a new asset class with returns much higher than the rent to buy properties to buy.
Rent is the opportunity of a need for hotel accommodation, rather than market housing corporation made. There are three main reasons why clients are engaged in Apart-Hotels or Condotels in the Philippines “Collingz continues, on the one hand, it is an investment while investing hands-off: The sponsor is the construction of the hotel and the manager is running. ’s your job at the hotel, they maintain and ensure maximum room occupancy and function as they receive a percentage of the room, they are motivated to do .
Second, because the income investor is a percentage of the night, the room weekly or monthly rental pool operations units are in development as a monthly income of a rented apartment, they are not exposed to large monthly deficits.
From a financial perspective, income compares favorably to traditional buy to let. It is generally expected, significant levels of income 12-16% per year return on investment would not be unusual in a well-selected hotel apartments. If income levels on a development project are well below 10%, we would not consider promoting, as it would not make a good investment opportunity for our customers, “said Collingz.
In the Philippines, this form of investment seems to be overtaking the traditional market to buy rental. Currently, Manila and regional cities such as Cebu, which means that the lack of hotel room occupancy are likely to be high in all developments.
Most new investors in the Lancaster Suites Manila are owned by investors from the United Kingdom who are looking for a place in the United Kingdom with a higher yield and no operating deficits developed. However, apart-hotels are also attracting first-time buyers are looking for, to get on the property ladder while establishing annual revenues.
Demand for apartment hotels is increasing as the knowledge of investors, learn about the opportunities to be informed. And while funding was difficult to find Overseas Property in the past, PCPI offers all buyers a no prequalification In-House 12 year payment plan without paying, so that the entry level open until May for the first time investors.
Lancaster – The Atrium at Shaw Boulevard, Manila, is a “Full Service” Apart-Hotel ["Condotel" offers studio], one, two and three bedrooms for sale. To be completed and ready for turnover from December 2010 Lancaster unit owners with premier residential condo units with option of enrolling their units in the Rental Pool and earn Lancaster offers rental income as Owner Non-Residents when not using their units. This makes Lancaster Manila, one of the hottest opportunities for investment in the Philippines, said Collingz.
All units at Lancaster Suites have kitchen facilities. The standard unit price provides for the following set up semi-finished but not completely. Included in the price are within the current tile and bathrooms semi-equipped kitchen, bedrooms with simulated wood flooring installed, semi-fitted living and dining area with simulated wood floors and kitchen cabinets down / work surfaces. Walls and ceilings are painted cement finish. A comprehensive internal option, including unit fittings and accessories, furniture, lighting, air conditioning, lighting and devices are currently in the units closest to the end continued Collingz available.