When it comes to beating inflation via real estate investment, Ridgewood Premier Hotel said acquiring a unit in the development s not an ordinary property purchase.
Ridgewood Premier Hotel, located on CP Garcia avenue, Taguig City, utilizes one’s unit as part of its condotel services, giving their owner guaranteed 6 percent return per annum.
This alone can make up for one’s investment value loss due to inflation, Ridgewood Premier Hotel said.
If the hotel occupancy rate stays healthy throughout the year, unit owners will enjoy an additional return of up to 6 percent. Taken together, that’s up to 12 percent return per annum – way above the inflation rate.
These returns very doable, according Marc Ngo, Novel Residential Concepts Inc. chief operating officer.
For the past few months, MICE (meetings, incentives, conferences, and exhibits) events have been back in full swing. Given the hotel’s proximity to Bonifacio Global City and the international airport, plus its plan to offer highly competitive room rates, Ngo remains highly optimistic.
“With the country now fully open after the pandemic restrictions, tourism is slowly going back to 2019 levels. Starting this year, more and more foreign tourists are finding the Philippines an ideal destination due to its many attractions,” Ngo said.
With high inflation also afflicting many other countries, this is forcing people to look for a better deal. Considering that local prices are still very competitive as compared to other destinations, the Philippines is primed to receive an influx of cost-conscious tourists and businesses, according to Ngo.
“Ridgewood Premier Hotel will be ready to receive them, whether they’re MICE attendees or families on vacation. If they’re traveling on a budget, they’ll find our hotel rates too good an offer to pass up,” Ngo said.
For those who plan to invest long-term, Ridgewood Premier Hotel offers a great buyback program as well.
In 20 years, unit owners can avail of a buyout offer that provides a guaranteed and healthy return on investment.
Over 85 percent of this condotel project has been sold. Grand opening is scheduled for later this year.
