Hitting the jackpot at Ridgewood

posted June 25, 2021 at 07:50 pm
by  Manila Standard
In these uncertain times, investors should be diversifying their portfolio with a bias toward assets that give sure returns, experts say.

Hitting the jackpot at Ridgewood

Property developer Novel Residential Concepts Inc., is offering this type of investment via its Ridgewood Premier Hotel project, along the main C-5 Road artery in Fort Bonifacio.

Six percent return, performance bonus

Units at the 168-room Ridgewood Premier Hotel give investors a guaranteed six percent annual return on investment. They can also get a 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.

The investment is likewise backed by a lease contract, with the option to lock in appreciation on a specified period, with a guaranteed appreciation rate.

Filling one’s risk appetite

“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,” explained Alfonso Keh Jr., treasurer at Novel Residential Concepts Inc., the developer of Ridgewood. “But in this pandemic era when many things are uncertain, the better option is to invest in assets with certain returns.”

“Our innovative investment package makes profitability a certainty especially during these hard times,” Keh claimed.

BGC gem

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 units ranging from standard suite (24.8 sq. m. at P3.54 million including hotel- grade furnishing), to a two-bedroom Suite (55.7 sq. m. at P6.92 million also including hotel furnishing). Investors can choose between two payment schemes spread over 24 months.

Gearing up for economic recovery

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.

This makes Ridgewood Premier Hotel a good 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.

Hitting the jackpot at Ridgewood

Novel Residential Concepts Inc. is backed by veteran property developers who have a strong track record in building, developing, and running hotels—including the Ramada Manila Central Hotel in the Chinatown district of Manila—as well as concept restaurants.

Topics: Novel Residential Concepts Inc. , Ridgewood Premier Hotel project , Alfonso Keh Jr.
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