Pacific Concord Properties Inc Expands Cebu Philippine Condotel Operations
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
Pacific Concord Properties Inc Expands Condotel Operations in Cebu
Summary:
Philippine-based developer, Pacific Concord Properties Inc (PCPI), is expanding its Lancaster Cebu Resort Residences to address the growing demand for short-term accommodations in Central Philippines.
Article:
Beth Collingz, International Marketing Director of PLC Global, announced that Pacific Concord Properties, Inc. has acquired an additional 27 units in Lancaster Cebu Condotel, investing 75 million pesos into the expansion. This development brings the total to 75 suites, with plans to add 120 more units by the end of the year.
Collingz emphasized the importance of location, highlighting Mactan, Cebu, as a perfect blend of provincial tranquility and urban conveniences such as schools, hospitals, restaurants, and shopping malls. Just three minutes from Mactan-Cebu International Airport, Lancaster Cebu Resort Residences offers easy access to urban essentials. As a condotel, it caters to both business travelers and tourists, offering options for purchasing or leasing on a weekly, monthly, or yearly basis.
Lancaster Cebu provides Fully Furnished Executive Studio Suites and Two-Bedroom Suites ready for occupancy from September 2007. The Studio Suites are priced at PHP 2,753,924.06, with flexible payment options, including a no-interest 24-month payment plan or a 10% discount for cash buyers. Two-Bedroom Loft Suites are available at PHP 5,467,004.14 with similar payment options. Both suites can also be financed over five years with a 15% down payment.
The resort is also offering "Ready for Occupancy" suites for daily, weekly, monthly, or yearly rental. Special promotional rates are available while renovations are ongoing.
Cebu City, known as the "Queen City of the South," is a significant commercial and trading hub outside Metro Manila. The Mactan Cebu International Airport guarantees a steady flow of international flights from major cities like Amsterdam, Frankfurt, Singapore, and Tokyo, making Cebu a top destination recognized by Asiaweek and Conde Nast Traveller.
With the expansion of Lancaster Cebu Resort Residences, Pacific Concord Properties Inc aims to meet the rising accommodation needs in this rapidly growing region.
You can find the original non-AI version of this article here: Pacific Concord Properties Inc Expands Cebu Philippine Condotel Operations.
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