Lancaster Hotels Announce Launch Date for Philippine Condotel Operations

Metro Manila, Philippines, November 03, 2007 --(PR.com)-- 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 people 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. Room Rates from January 1, 2008 for Studio Suites will run $100/night whilst One Bedroom Suites are available from $120/night. Reservations are subject to room availability. Rates are inclusive of service charge and government tax. Children 12 years of age and below sharing room with parents without extra bed are free of charge. The Hotel reserves the right to revise rates. Rates are subject to change without prior notice. Complimentary breakfast and newspaper daily. Welcome drink. Lancaster Suites will have a scheduled shuttle service from the Hotel to Makati and Ortigas Center and vice versa.

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. 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 its flagship Lancaster Condotel Developments fit’s the bill enthuses Collingz.

###