BGC hotel pulls in investors amidst COVID-19

posted August 22, 2020 at 07:20 pm
by  Manila Standard
Property developer Novel Residential Concepts Inc., which offers investment packages for its Ridgewood Premier Hotel project near Bonifacio Global City (BGC), recently offered investors an option in this time of crisis.

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. 

These give Ridgewood Premier Hotel’s investment plan a good balance of yearly return and capital appreciation secured by real estate. 

“This means that conservatively, you can fully recover your investment in just nine years,”  Keh pointed out. “This is faster than investments in time deposits with annual yields of only 3% to 4%, or bonds and the money market at 3% to 5% per annum. At the same time, our offering is relatively safer than putting your money in the stock market and mutual funds that are not only volatile but also require constant attention.”

BGC hotel pulls in investors amidst COVID-19

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.

Topics: Novel Residential Concepts Inc. , Ridgewood Premier Hotel , COVID-19 pandemic
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