BGC hotel pulls in investors amidst COVID-19
Novel treasurer Alfonso Keh Jr. said strong interest for Ridgewood Premier Hotel persists amid the COVID-19 pandemic, especially with the 168-room prime facility along C-5 Road well on track for completion, and start of operations in 2022. “It is in times like this when our investment concept will naturally stand out,” opined Keh. “The investment is safe as it is backed by a CCT, or condominium certificate of title, so you have in your hands a property that is appreciating in value. We also give an annual return of up to 12 percent depending on the hotel’s occupancy.” Under Novel’s prospectus, investors will get a CCT and sign a lease agreement with Novel for the units they bought. Investors will get a guaranteed 6% annual return based on their actual investment, plus up to 6% percent occupancy bonus. The annual bonus will be based on hotel occupancy.
Units on offer are categorized into Standard Suite (24.8 sq. m. at P3.54 million), Deluxe Suite (28.5 sq. m. at P3.89 million) and Two-Bedroom Suite (55.7 sq. m. at P6.92 million). All prices are inclusive of plush hotel furnishings, and investors can choose between two payment schemes spread over 24 months.