Upstart property firm Novel Residential Concepts Inc. offers an alternative to other investment instruments.
The company said it has developed an innovative investment package that gives investors up to 12 percent annual return at zero risk via its Ridgewood Premier Hotel project along C-5 Road in Fort Bonifacio, Taguig City.
Investors of Ridgewood Premier Hotel get a condominium title and sign an automatic lease agreement from Novel. This effectively transfers the upkeep and management of the hotels units to professional tourism managers.
In return, investors get a guaranteed 6 percent annual return, plus up to 6 percent performance bonus per annum based on hotel occupancy. They will also realize capital appreciation, with the property right beside Bonifacio Global City.
Ridgewood Premier Hotel is targeted to start full operations by the early part of 2023. This is projected to be just in time for what tourism analysts expect global economic activity and tourism to have returned to full swing.
The hotel’s target start of operations during economic recovery puts the investors in a prime position to recover their investment in about eight to 10 years, plus capital appreciation, the company said.
The 168-room Ridgewood Premier Hotel offers units ranging from Standard Suite (24.8 square meters at P3.54 million including hotel furnishings), to a Two-Bedroom Suite (55.7 sq. m. at P6.92 million). Investors can choose between two payment schemes spread over 24 months.
