MANILA, Philippines — Novel Residential Concepts Inc., an upstart player in the local property sector, is offering an innovative investment package with a guaranteed annual return.
Through its Ridgewood Premier Hotel project along the main C-5 Road artery in Fort Bonifacio, investors purchasing units will get a guaranteed six percent annual return on investment and up to six percent performance bonus per annum based on hotel occupancy.
Based on these figures, if the maximum performance bonus is reached annually, investor-partners can look forward to recovering their seed money by the ninth year.
“This is a one-of-a-kind of investment that we are offering at Ridgewood Hotel Premier,” said Novel Residential Concepts treasurer Alfonso Keh Jr.
“Our innovative investment package makes profitability a certainty especially during these hard times. Buyers of Ridgewood Premier Hotel units can look forward to recovering their investment in about eight to 10 years, plus capital appreciation,” he said.
He said the investment is also backed by a lease contract, with the option to lock in appreciation on a specified period, with a guaranteed appreciation rate.
“Investors can fill their risk appetite by betting their money on the stock market or getting their hands on bonds and long-term commercial papers. But in this pandemic era when many things are uncertain, the better option is to invest in assets with certain returns,” Keh said.
The prime property is adjacent to Bonifacio Global City, the second most important financial and commercial hub in the country after the Makati central business district.
Ridgewood Premier Hotel offers 168 rooms ranging from a standard suite (24.8 square meters at P3.54 million including hotel-grade furnishing), to a two-bedroom suite (55.7 sqm at P6.92 million also including hotel furnishing). Investors can choose between two payment schemes spread over 24 months.
Ridgewood Premier Hotel is set to open its doors to local and foreign guests by early 2023, or about the time global economic activity is projected to have picked up immensely.
This makes Ridgewood Premier Hotel a great option for asset diversification, especially with the Philippines listed as among the tourism destinations that have the necessary ingredients to snap out of the pandemic-driven crisis immediately.
Novel Residential Concepts Inc. is backed by veteran property developers with strong track records in building, developing, and running hotels—including the Ramada Manila Central Hotel in the Chinatown district of Manila—as well as concept restaurants.
This assures investors that the hotel property will be run and managed by a highly experienced professional team.
Article and Photo originally posted by Philippine Star last June 12, 2021, 12:00am.
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