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NewswireTODAY - /newswire/ -
Mandaluyong City, Metro Manila, Philippines, 2007/01/13 - A new trend towards condominium style hotels is growing throughout the world as many thousand of people are able to afford multiple residences for living and renting.
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As travel has become the largest industry in the world, many families and retired couples as well as some smart and savvy younger real estate investors are snatching up what are called "condo hotels" "condominium hotel" or "condotel" units as investments across the globe
If you are looking to purchase a real estate property that could be used both as your primary principal residence as well as a vacation property that can be rented out to other holiday goers during the times when you are not using your residence condo property, a condominium hotel will be suitable for you. As a growing trend, many real estate developers throughout the world are turning to these condo-hotel style high-rise towers in major cities as well as recreational holiday destinations as many couples and families want to travel throughout the year or during their holidays. A condo-hotel is virtually what is sounds like, a cross between a hotel destination with luxury amenities and features that reflect five-star holiday packages in addition to the comforts and privacy of a private condominium tower.
In the Philippines, Condo Hotels are being developed under the Lancaster Suites Condotel brand by Pacific Concord Properties Inc in Metro Manila. The soon to rise Lancaster – The Atrium aimed at providing an aesthetically pleasing lifestyle and upscale environment for modern families and urban professionals and will feature a 40-Strorey Atrium from the 2nd floor all the way up to the 42nd floor. The developers will also provide a grand lobby, a resort style pool and recreation area with a gym and spa, sufficient parking, and all the other advantages that person would generally only find in a high-end upscale project development.
For more information about Philippine Condotels or Hotel Condominiums that are either under construction or already developed, please visit this excellent resource for boutique accommodations that can act as both residential condo high-rise units as well as holiday condominium units.
In many cases, condominium hotel units are just as affordable as regular real estate developments, but the added feature is that your condo unit will go into a rental pool for business people traveling through your city or if you own in a holiday destination, to other vacationers during the times when you are not home. With self storage lockers as well as the top of the line facilities, features and amenities in these real estate developments, it is no wonder why this is a growing trend for real estate investors throughout the globe.
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