Go where the money is, at Bonifacio Global City
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.