The growth of Bonifacio Global City (BGC) is currently presenting an interesting investment opportunity within the hospitality industry. As office buildings and commercial areas continue to rise in the business district, accommodations for both business and leisure travellers become necessary.
Latching on to this demand, Boutique developer C-5 Mansions Development Corporation recently launched the Aspen Hotel project in select floors of its Ridgewood Towers Premier project in Fort Bonifacio.
Guaranteed returns, potential bonuses
“The fast rise of office and commercial components in the Bonifacio Global City poses an increased demand for short-term accommodations”, said C-5 Mansions general manager Alfonso Keh Jr. “There are no hotels in the Taguig and Makati side of C5, and Aspen Hotel can fill this gap.”
The real estate company and its hotel industry partner Novel Residential Concepts Inc. held a private function with top brokers last week to present the unique investment proposition of Aspen Hotel. The business concept will offer units for sale at the 14th to 19th floors of Ridgewood Towers Premier solely for Aspen Hotel operations.
Under the business proposition, the automatic hotel unit lease agreement on the luxury property’s rooms will earn for its investors a minimum guaranteed rent of 6% 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 potentially earning up to12% rent per annum.
Real estate brokers who attended the briefing recognized the opportunity presented by the project for their class A clientele. This presents an alternative asset class which can yield higher rates than bank time deposits and a shield against the volatile stock market.
The hotel’s proposition gives a good balance of yearly return and capital appreciation that is secured by real estate whose title will be under the buyers’ names.
The 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.
Investors and real estate brokers can e-mail [email protected] to learn more about the Aspen Hotel automatic hotel unit lease program.
