A good return on investment at Ridgewood Premier Hotel

MANILA, Philippines — Novel Residential Concepts Inc., the developer of Ridgewood Premier Hotel, a 168-room prime facility along C5 Road near Bonifacio Global City or BGC, is offering a long-term investment prospect that is expected to ride through the pandemic and return to profitability in line with the country’s economic recovery.

“The economic slowdown due to the pandemic gives investors time to pick the best vehicles for their hard-earned money. When businesses get back to normal, those who bet on the right investments can hold on to that advantage,” said Novel treasurer Alfonso Keh Jr.

Keh said Ridgewood Premier, scheduled for operations by 2022, is well within the expected start of the global recovery period.

The hotel will occupy the 15th to 19th floors of the Ridgewood Towers Premier project of property developer C-5 Mansions Development Corp.

Under Novel’s prospectus, investors will receive a condominium certificate of title (CCT) and a lease agreement. Investors can expect two types of returns: a guaranteed six percent annual return on their total investment, plus up to six percent occupancy bonus per annum based on audited hotel occupancy rates.

“It is in times like this when our new, exciting investment concept will naturally stand out. 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. But as important, we give an annual return of up to 12 percent depending on the hotel’s occupancy,” Keh pointed out.

A Ridgewood Premier Hotel investment takes the form of any of the three units available: Standard, Deluxe, and Two-bedroom suites. The investment cost includes an interiors package to ensure that fixtures, furnishings and appliances are hotel-grade and up to par with Ridgewood Premier Hotel’s quality standards.

The upkeep and operation of the units will be managed by professionals, freeing owners from the responsibility. Novel’s board members consist of veteran property developers who have made their names in building, developing and running hotels and concept restaurants, including the Ramada Manila Central Hotel in Binondo, so investors can be assured that competent and experienced leadership is at the helm.

Compared to usual investment instruments such as time deposit, stocks, or bonds, a Ridgewood Premier Hotel investment can generate an ROI within nine years. Keh noted, “Stocks are very volatile right now and can go either way. Bonds meanwhile are giving out lower interest rates. A Ridgewood Premier Hotel investment offers a better alternative to time deposits that pay out up to five percent over a couple of years. For one, the yields are bigger and the ROI period is shorter.”