Beth Collingz, PLC Global Marketing Director of PLC International Marketing Networks, the lead marketing partners for Pacific Concord Properties Inc Lancaster Brand of Condo Hotels in the Philippines says Apart-hotels or Condotels as they are know locally are really growing in popularity among British and European investors. In the last two months alone we have sold a significant number of apart-hotel units both in the UK and Europe.
Apart-hotels are an opportunity for investors to purchase into a new asset class with much higher yields than traditional buy-to-let properties.
The rental opportunity is achieved through a need for hotel accommodation, rather than residential letting markets. There are three key reasons why buyers are keen to invest in Apart-hotels or Condotels in the Philippines” Collingz continues, Firstly, it’s a completely hands-off investment: the developer builds the hotel, and the management company runs it. Their job is to operate the hotel, maintain it and ensure maximum room occupancy and, as they receive a percentage of the nightly room rate, they are motivated to do so.
Secondly, because investors income is a percentage...
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