Beth Collingz, Marketing director for PLC International Marketing Networks, which is exclusively marketing the Lancaster Suites and Lancaster – The Atrium Hotel Condominiums in Metro Manila, said “buyers are investors in hotel-condos, a real estate product that combines the flexibility of ownership of a condo in a hotel setting. Popular in the United States, Europe [...]
Earlier this month, the Edge Group announced that it was canceling the planned W Las Vegas mixed-use project. First proposed in 2005 for a 2008 opening, the project plan included 3,000 condo hotel units, 10 restaurants and nightclubs, a 75,000 square foot casino, and 300,000 square feet of convention and meeting space.
The project had grown [...]
If condominium hotels are simply hotels with multiple owner financing, why is it causing so much dissension on Pensacola Beach?
Julian MacQueen of Innisfree Hotels and Robert Rinke of Portofino were the guests of NAIOP, the National Association of Industrial and Office Professionals, Wednesday, May 16.
MacQueen is one of Pensacola Beach’s main hotel developers. He owns [...]
According to Beth Collingz, of PLC International Marketing Networks, a Lead Marketing Partner with Pacific Concord Properties Inc., whom have Condotel developments in Metro Manila and Cebu, and specializes in working with international clients: “Since the UK Pound Sterling hit 94:1 on the Philippine Peso, my phone has been very busy with buyers from the [...]
The Condo Hotel concept is attractive to many who are interested in investing their hard earned pennies in real estate. One type of condotel purchaser is someone seeking a vacation place, but due to the limited amount of time they anticipate being able to spend there, buying a traditional condominium would not seem an economically [...]
The Malayan island of Boracay has played host to the ground breaking ceremonies of the flagship development by Boracay Trans Pacific Properties Inc.
The Boracay Beach Condo Hotel was unveiled on February 2, 2007 to directors of the company as well as suppliers, architects, engineers and supporters. The property is expected to become Boracay’s most unique [...]
Boracay Beach Condo Hotel, a flagship development of Boracay Trans Pacific Properties Inc. (developers) and Asiana Villas (land owners), has finally held its ground breaking ceremonies at Barangay Balabag, Boracay Island in Malay, Aklan last February 2, 2007.
In attendance were directors of both Asiana and Boracay Trans Pacific as well as well-wishers, suppliers, architects and [...]
OwnerRelations Technology has completed integration of its Owner Accounting and Owner Relations Web site solution with roomMaster 2000, a premier property management system developed and distributed by InnQuest Software.
“This is a great system for us to be working with,” said Frank Franchini, president of Owner Relations Technology. “InnQuest Software’s support has been excellent, and the [...]
More than 15,000 condo-hotel rooms could flood Central Florida during the next several years in one of the biggest, and possibly riskiest, building booms ever to sweep the region’s lodging industry.
Condo hotels are outwardly indistinguishable from their conventional counterparts. They have lobbies, room service and even affiliations with the world’s best-known hotel brands. It’s their [...]
LAS VEGAS-For an aggregate price of $600 million, MGM Mirage has sold 90% of the units in Mandarin Oriental Las Vegas, one of several condominium towers that are planned for its multibillion CityCenter development on the Las Vegas Strip. MGM Mirage began converting reservations for the Mandarin Oriental into hard contracts 14 days ago.
CityCenter began [...]
Its been a quiet opening for the Wyndham Canoa Ranch Resort.
Spread across 52 acres in Green Valley, the $100 million hotel-condo project opened the first phase of its planned 288-unit property in mid-December and announced this week that Wyndham Hotels and Resorts would serve as the franchise brand.
The Canoa is the first Wyndham resort in [...]
Many lenders have been challenged by the unique characteristics of condo hotel and fractional real estate projects. Vacation properties often do not fit a standard mortgage underwriting mold because of scarce-locations or unique features. More than 60,000 condo hotel units coming to market in the next 24 months, and fractional real estate sales growing at [...]
