Marc Ngo is looking forward to handling the operations of Ridgewood Premier Hotel in the first half of 2023, when the Travel & Tourism industry is expected to start recovery. 
Meredith Ngo, the newly appointed COO, intends to “come up with great offerings for Ridgewood Premier Hotel.”
The upcoming Ridgewood Premier Hotel, the flagship project of upstart property developer Novel Residential Concepts Inc., is among the businesses eagerly getting ready for the return to normal. While many businesses shuttered during the pandemic, Novel is preparing for the eventual return of business opportunities.
This steadfast preparation includes the appointment of key leadership roles to handle the daily operations of Ridgewood Premier Hotel. The company announced last November 3 the appointment of Meredith Ngo, 43, as Chief Operating Officer and Marc Ngo, 36, as General Manager. The Ngo siblings come armed with a strong track record in the hospitality industry despite their relative youth.
Meredith Ngo is co-founder and CFO of MedGrocer, a one-stop-shop platform that allows both patients and health companies access to online medical services including pharmacies, testing, and clinical management. Even while she was launching MedGrocer, Meredith was busy also as the founder and President of Ramada by Wyndham Manila Central in Binondo.
Under her leadership, she helped manage and grow the Ramada Manila Group into three active properties and partnered with many other developments. She is also founder and CEO of the Adobo Group, which owns and operates various local food chains in the Philippines and major cities across Asia. She also holds a very strong background in Finance, having worked as Assistant Vice President for Regional Structured Products (Derivatives, Accounting, Regulatory and Tax) at Citibank Philippines.
Meanwhile, Marc Ngo has spent the last eight years working as General Manager of Ramada by Wyndham Manila Central, honing his craft in providing excellent guest satisfaction.
A Mechanical Engineering graduate of Nanyang University of Singapore, Marc is looking forward to running the operations of Ridgewood Premier Hotel also.
T&T to return to normal starting in 2023
Meredith Ngo, while eagerly awaiting for the resumption of business activities, is making full use of the lull to get everything ready. She assured Novel’s investors and partners that as soon as the economy opens, the company will be more than ready.
“The pandemic caused a lot of disruptions, especially in the hospitality industry. Many corporations will practice an overabundance of caution before committing their full resources in their business travel and development plans. This is why we are taking full use of this time to continually review our plans and come up with great offerings for Ridgewood Premier Hotel,” Novel’s new COO declared.
The timing could not be better, as many tourism experts anticipate an adjustment period in 2022 and full recovery starting in 2023 or 2024. This fits perfectly into Ridgewood Premier Hotel’s plans, which is being targeted for opening in the first half of 2023.
Right on target
Early investors to the development can assure themselves of quality returns. The property is located in a sweet spot within Fort Bonifacio. This means hotel guests can receive the convenience of staying near Bonifacio Global City while enjoying affordable occupancy rates. For investors, this means better capital appreciation due to its excellent location. Once open, Ridgewood Premier Hotel guarantees its unit owners a 6% annual return, with a potential to earn an additional 6% performance bonus depending on occupancy.
The 168-room Ridgewood Premier Hotel offers units ranging from a 24.8 sq.m. fully-furnished standard suite to a 55.7 sq.m. two-bedroom suite. Unit prices range between P3.5 million to P7.7 million, inclusive of modern hotel furnishings. Interested investors can contact Ridgewood Premier Hotel for more details by calling 8882-7995 or (0917) 808-4905.
