Lancaster Suites' Condotels Investment Concept
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.
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