The Portofino Ocean's Edge Resort is a stunning villa resort with 10 cliff villas, 26 studio villas and 6 two-bedroom villas, along with its own private resort beach, private cove, cliff edge clubhouse, restaurant, bar, infinity pool, spa, wellness centre, beach bar, dive shop and private jetty.
A brand new boutique hotel investment opportunity is highlighting the beauty and exclusivity of the Philippines to investors around the world.
The Portofino Ocean’s Edge Resort is a stunning villa resort with 10 cliff villas, 26 studio villas and 6 two-bedroom villas, along with its own private resort beach, private cove, cliff edge clubhouse, restaurant, bar, infinity pool, spa, wellness centre, beach bar, dive shop and private jetty. There’s even an on-site helipad for those guests looking to really arrive in style.
The five star beachfront Portofino Ocean’s Edge Resort is set on the gorgeous Filipino island of Carabao. It will bring a new level of elegance and luxury to tourism in the area when it opens in 2016.
Ray Withers, CEO of specialist property investment company Property Frontiers, comments, “Portofino Ocean’s Edge Resort is the ideal investment for those looking to be a part of the Philippines’ resounding economic success story and the growth of its tourism sector. The opportunity offers all the advantages of a hotel investment and even includes 14 days’ personal usage per year, with no restrictions around when it can be used.”
The Philippines is the fastest growing country in East Asia, with more than 100 million citizens spread across its 7,000 islands, as well as some eight million or so working and living indefinitely overseas. The rich natural landscape of the islands attracts tourists from around the world, while local talent has led to a thriving services industry and manufacturing sector.
The country’s recent economic success and stability resulted in Standard & Poors reaffirming the Philippines as BBB Stable in April 2015 – its highest ever credit rating and one that the Filipino government is working hard to maintain. The country is committed to remaining one of Asia’s most attractive investment destinations, with a programme of infrastructure improvements underway as part of that commitment.
Fitch followed in Standard & Poors’ footsteps in September 2015, with a rating of BBB- Positive, while Moody’s graded the Philippines as Baa2 Stable in December of the same year.
Yet despite this significant economic progress, there remains a lack of high end hotel accommodation to service the government’s target of 6 million tourists in 2016. Kevin Wallace of Plateno Group, which is behind the luxury Portofino development, explains,
“There’s a big shortage of hotel rooms in this country and an even bigger shortage of branded rooms with a consistent quality.”
Investment in Portofino Ocean’s Edge Resort starts from US $109,000 for a studio villa. Cliff villas are available for US $120,000 and two bedroom villas for US $272,000. 10% interest is paid during construction and investors benefit from 10% underwritten (minimum) NET return.
Portofino Ocean’s Edge Resort has a clear exit strategy, with optional developer buyback at 120%, offering 70% minimum return on investment across five years.
Completion of the resort is scheduled for Q1 2016.
The Philippines is well used to money flowing in from overseas. Remittances from overseas Filipino workers account for around 13.5% of GDP. This was a significant factor in the country’s investment status upgrade and affords the Philippines an excellent measure of income stability, with money flowing in from different sources.
As well as remittances from overseas, the Philippines benefits from a flourishing manufacturing sector, with electronics and aerospace products making a significant contribution to GDP. Tourism also plays its part, with in-month international arrivals topping the 500,000 mark for the first time in January 2016 (they reached 542,258 in total for the month).
HSBC has projected that the Philippines will be the 16th largest economy in the world by 2050. It’s a country that’s moving from a largely agricultural past to a future dominated by the services industry (particularly banking), manufacturing and tourism.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
