Lancaster Cebu Resort Residences Expands Condotel Operations
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
Lancaster Cebu Resort Residences Expands Condotel Operations
Summary:
Philippine-based developer, Pacific Concord Properties, Inc. (PCPI), is expanding its Lancaster Cebu Resort Residences to accommodate the growing demand for short-term stays in central Philippines.
Key Points:
Beth Collingz, the International Marketing Director at PLC Global, a major partner with PCPI, recently revealed that the company has purchased 27 additional condo units for the Lancaster Cebu Condotel. This acquisition contributes an additional 75 million pesos to the project, increasing the total to 75 suites, with plans to add 120 more by the end of the year.
Prime Location:
Collingz emphasized the significance of location, highlighting that Mactan, Cebu offers a blend of serene provincial living and urban conveniences. The island features schools, hospitals, restaurants, and shopping centers, making it a desirable destination.
Situated just three minutes from Mactan-Cebu International Airport, Lancaster Cebu Resort Residences provides easy access to urban amenities. This prime location makes it an attractive choice for both business travelers and tourists. Guests have the option to purchase or lease Condotel Suites on various terms.
Investment Opportunities:
Lancaster Cebu offers fully furnished Executive Studio and Two-Bedroom Suites for purchase at Pre-Increase Prices. These units will be ready for occupancy by September 2007.
- Studio Suites: Priced at PHP 2,753,924.06, they can be acquired with a PHP 100,000 reservation fee. The remaining balance is payable over 24 months at PHP 110,580.17 per month. Discounts are available for larger initial payments or full cash transactions.
- Two-Bedroom Loft Suites: Priced at PHP 5,467,004.14 with a similar reservation fee, these units also offer monthly installment plans and cash payment discounts. Both suite types can also be financed over five years with a 15% down payment through in-house options.
Rental Options:
Lancaster Cebu also offers "Ready for Occupancy" Studio and Two-Bedroom Suites available for short or long-term lease at promotional rates. Despite ongoing renovations, these units are now open for rental.
Strategic Importance:
Cebu City, known as the Queen City of the South, serves as a vital trading and commercial hub outside Metro Manila. The Mactan Cebu International Airport supports a steady influx of international flights from major cities like Amsterdam, Frankfurt, Singapore, and more. Recognized by Asiaweek and Conde Nast Traveller as one of Asia's top cities, Cebu continues to be a prime location for business and leisure.
By expanding its operations, Lancaster Cebu Resort Residences aims to cater to the increasing demand for quality accommodation, promising both investors and travelers a rewarding experience.
You can find the original non-AI version of this article here: Lancaster Cebu Resort Residences Expands Condotel Operations.
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