Why Condotels Are All the Rage in the Philippines

Condotel Investments, Investing in International Buy to Let properties, Rental Income property and Offshore Real Estate in the Philippines becoming popular with Investors from around the World.
By: Beth Collingz/PLC International Marketing Networks
 
Jan. 5, 2007 - PRLog -- As people continue to venture into leisurely lifestyles and vacations, Condotels have experienced a surge in construction and interested investors. Although there is much value in booking hotel rooms for extended periods of time, traveling to different properties, resorts, and attractions can be much more pocket-friendly if you’ve invested in a Condotel. New Condotel developments are showing promise in the Philippines and in resort areas of Europe. Condotels are often termed ‘hybrid hotels’ since they have the amenities and service of the owning company or hotel chain, but are available on an ownership basis.

Vacation home-buying has always been a popular real estate investment, particularly in today’s hotspot vacation destinations the world over. From the Mandarin Oriental to attractive properties in the Philippines, the attraction for a condotel versus a standard hotel accommodation can be found in the value of ownership. As property values rise, investments can provide a valuable return on the initial purchase and increase a person’s assets with minimal work. Condotels are appealing to the 40-60 year old demographic who are in the market for that second home or investment property. Condo units in the Philippines at Lancaster – The Atrium range from $34,000+ and come with the hotel amenities and packages extended to owners and guests.

Closing the deal on a new construction of a condotel is as easy as purchasing a vacation home or property; the investors should take note of the services and hotel-extended benefits that are included with the purchase. Still, most condotel owners can enjoy the resort or property’s most-coveted items; these may include spa services, premium facilities, access to events, and specialty discounts.

The idea of a worry-free vacation home is another attraction of a condotel. In addition to housekeeping and specialty services, the monetary rewards can provide a prime opportunity for investors. During the off-season, some resorts and hotel owners may offer rentals of your property to guests for overnight stays and accommodations. Some hotels offer a rental pool program where you’ll receive a portion of the profits when the public books your property. In this way, condotels can bring you a valuable return on investment even when you’re not vacationing in them!

A condotel purchase should be treated the same as a second home or vacation property; still, the extended benefits, rental income potential and attractive package pricing options are surefire ways to enjoy your next vacation in style!

Website: www.lancastersuites.com
End
Source:Beth Collingz/PLC International Marketing Networks
Email:Contact Author
Posted By:***@pldtdsl.net Email Verified
Zip:1552
Tags:Condotel Investments, Investing, International Buy To Let Properties, Rental Income Property, Real Estate Philippines
Industry:Real Estate, Financial
Location:Philippines
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