Ridgewood Premier Hotel to open doors in mid-2024

MANILA, Philippines — Ridgewood Premier Hotel is set to open its doors by the middle of the year, with very few units still up for grabs for prospective investors.

“We are proud to announce that we are set to open Ridgewood Premier Hotel mid-year. We also now have two model hotel suites on site for the appreciation of property investors and aspiring hoteliers,” said Marc Ngo, COO of boutique property developer Novel Residential Concepts Inc., the operator of Ridgewood Premier Hotel.

The hotel’s proximity to Bonifacio Global City – just 600 meters from SM Aura Premier along the C-5 main road – offers budget travelers, event organizers and spillover attendees a convenient place to stay during their meetings, incentives, conferences and exhibitions (MICE) activities.

Among Asia’s many MICE destinations, the Philippines is among the top choices. A warm, welcoming culture and a support force of English-speaking people are more than enough reasons to choose the Philippines as the next big business event venue.

For this, BGC stands out among the many excellent business destinations in the country, but even if it does have excellent facilities and great accommodation options, cost-conscious companies and organizations would want alternatives.

For example, conferences with over a thousand attendees will be sure to fill up nearby hotels.

However, organizers and host companies will still need accommodation for their staff, specialists and guests.

Outside the political boundaries of BGC but still close enough for a few minutes walk, guests can enjoy the convenience of the BGC lifestyle without paying BGC prices.

During weeks when events are happening left and right, don’t be surprised if Ridgewood Premier Hotel takes a good portion of many organizers’ working delegations.

But the best part about investing in a Ridgewood Premier Hotel unit is that it won’t make you empty your bank accounts and leave you in financial uncertainty.

Despite its strategic location and world-class construction, Ridgewood Premier Hotel units only cost way less than half the price of a comparable BGC unit on a per square meter basis.

This means that you can acquire a hotel-furnished 24.8-sqm standard suite at approximately P3.5 million or 55.7-sqm two-bedroom hotel suite at only P7 million.

This smaller investment outlay can lead to bigger and faster incomes, making your money work for you instead.

Buying a unit automatically guarantees you a minimum six percent rental income per year based on your total investment.

With the automatic lease agreement, you also get up to another six percent bonus, based on the hotel’s occupancy rate.

In 20 years, unit owners can also opt to accept a buyout offer that also includes a guaranteed profit on your investment.