BOUTIQUE developer C-5 Mansions Development Corp., in partnership with Novel Residential Concepts Inc., recently launched the Automatic Hotel Unit Lease Agreement that will offer the high-end units of its Ridgewood Towers Premier to the market
Under business proposition, investors will earn a minimum guaranteed rent of 6 percent per annum based on the total cost of the unit investment. Bonus rents depending on the hotel’s occupancy rates are also offered, with investors being able to earn up to a total of 12-percent rent per annum. The business concept will offer units for sale at the 14th to 19th floors of Ridgewood Towers Premier solely for Aspen Hotel operations.
“The fast rise of office and commercial components in the Bonifacio Global City poses an increased demand for short-term accommodations. There are no hotels in the Taguig and Makati side of C-5, and Aspen Hotel can fill this gap,” explained C-5 Mansions General Manager Alfonso Keh Jr. in press statement.
During the investors briefing, Keh said the investment program received a warm reception from the real-estate brokers who immediately recognized the golden opportunity presented by the project for their elite clients. Keh said their investment offer is an alternative asset class, which can yield higher rates than bank time deposits and a shield against the highly volatile stock market.
He added the hotel’s win-win proposition will provide a good balance of yearly return and capital appreciation that is secured by real estate whose title will be under the buyers’ names.
Keh pointed out the unprecedented growth of Bonifacio Global City (BGC) presents an exciting investment opportunity within the hospitality industry. As office buildings and commercial areas continue to rise in the sprawling business district, he pointed out there is a going to be a rise in demand for more accommodations for both business and leisure travelers.
“We foresee a strong demand for our luxurious but affordable accommodations on this side of C-5 Road, and this means that our investors can be confident on the growth of their investments now and in the future,” Novel director Cris Giovanni Chiong said. “Aspen Hotel will consistently offer better rates and better ROI for our investors,” he promised.
The two partner firms have started the project at an opportune time, as C-5 Mansions recently won the 2018 Best Affordable Condo of the Year in Luzon by the Philippines Buyers’ Choice Property Awards of property portal Lamudi for its Ridgewood Towers Premier project.