Ortigas Hotels Manila

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Ortigas - St. Francis Residence - Shang-ri La Edsa - short


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Ortigas Hotels

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Hi, are there nice hotels near Fernwood Gardens in Quezon City?

I am currently looking for hotels for my in laws (from the US and possibly a couple more friends) to stay in for my wedding. I am thinking along the areas of Ortigas or Makati but I am wondering if there's any other place that is also nice but close to Fernwood.

Thanks

Fernwood Garden is in Project 6 QC (if I am not mistaken). There are hotels available on Tomas Morato and Quezon Ave. Its probably 15-30 minutes away from Fernwood. Those are 3-star to 4-star hotel. Not as good as what you can find in Ortigas and Makati but its pretty decent.

I recommend Imperial Hotel, Fernandina and Great Eastern Hotel. Not the best but its fine. For your convenience you can check these sites out.
http://www.asiarooms.com/philippines/manila/quezon_city-area.html
http://www.tripadvisor.com/Hotels-g298574-Quezon_City_National_Capital_Region_Luzon-Hotels.html
http://travel.yahoo.com/p-travelguide-487734-quezon_city_philippines_vacations-i

Hope this helps.

the currency, Call: +63 949 8969 717: US/Canada +1 818 5396 670


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Ortigas Hotels

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Good Rental Property Investments in Condotels or Apart-Hotel Suites

Many people are aware of the strategy of developer extended loans to purchase rental real estate says Beth Collingz, Overseas Sales Director of PLC International, lead marketing partners for Pacific Concord Properties Inc's Lancaster Brand of Condotels in the Philippines. You make a very small down payment with the majority of the purchase price payable over as long a period the developer extends at zero interest.

In Apart-Hotels or Condotels, the rental income goes a long way to cover the cost of servicing and managing the unit and in the long term after paying off the purchase price, can give a ROI through rentals of up to 16% per annum. Regardless of the possible bumps on the road to greater wealth, condotel investments are at least an easily-understood investment tool that most of us can handle added Collingz

Collingz expects rental income to rise 15 percent in the coming 12 months after gains of as much as 30 percent since January 2006, when Pacific Concord Properties Inc are set to launch Condo Hotel operations of their flagship Lancaster Suites located in the Ortigas business district in Metro Manila.

UK Private equity units of banks and investment clubs, driven in part by the current strength of the Pound Sterling in international trading, are being attracted by returns in the Philippines as much as double those in the United States and Europe, are purchasing significant blocks of real estate for investment trusts for Asian commercial property. There are large amounts of capital now chasing increasingly limited investment-grade real-estate opportunities in Asia, said Collingz. We are currently in the closing stages of packaging the investment of some $20M in private-equity real estate funds for new Lancaster Brand Apart-Hotel or Condotel developments in Metro Manila and Cebu, on the strength of expected rental returns which will continue to grow at a rapid pace. With funds raised for commercial property deals in Asia having doubled in each of the past five years, Collingz see the market value of Condotel investments in the Philippines reaching new heights in 2007/8 as more developments come on line.

Rising demand for homes, hotels, short and medium term rental accommodation, offices and shopping malls in the Philippines, home to a population of almost 80 million and with a significant number of the more than 10 million returning overseas Filipino 'Baby Boomers', is fueling rents. Residential rents in Metro Manila rose 26 percent in the three months to March 2007, their highest quarter-on-quarter increase in more than a decade, as more and more IT companies set up shop in the Philippines. Companies like Texas Instruments are investing $1B in expanded operations in the Philippines. High-end rents rose some 13 percent from a year earlier, said Collingz.

Collingz projects that Rents in the region are set to effectively jump up by at least 8.7 percent per annum over the next five years, compared with 3.3 percent in the United States and 3.7 percent in Europe. Yields from 8 percent to as high as 14-16 percent ROI on rental income property contrast with the 4 percent to 5 percent that private equity firms get in the United States and Europe.

People are in general looking to shift fund flows relatively towards Asia," Collingz said. It already has had a profound impact in markets where there's a lot of this money chasing the same assets. In Singapore, the region's second- biggest  market after Japan, investments by private real estate funds accounted for seven of the 19 office blocks, worth 6.7 billion dollars, sold since September 2005. REITs bought six. A Goldman Sachs fund paid 690 million dollars for two buildings last November that house the headquarters of DBS Group Holdings. In Hong Kong, property funds of Morgan Stanley and Macquarie Bank paid a total of 7.9 billion Hong Kong dollars, or $1.02 billion, for four office blocks from March to May, according a recent article published by CB Richard Ellis.

As the Singapore, Japan and Hong Kong markets become saturated, the Philippines will be the next real estate market to attract substantial overseas investments. Lower prices and retirees' spending money are also directing foreign attention to  residential condominium hotels in the Philippines, which in turn is driving up more construction. A lot of this interest is being driven by the relatively cheap market prices here compared to Europe - especially UK housing prices - and the easy payment options available for condominium hotel developments Collingz said. The buyers gain rental incomes that on today's purchase prices give a projected ROI of some 8 percent to 14-16 percent depending on the mode of payment for the unit she said.

Beth Collingz
PLC International Marketing Networks

About the Author

Information on torn calf muscle can be found at the Torn Muscle site.

TDTV Asia Edition - Daily Travel News Monday December 13 2010


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