Nestled in the beautiful spectacular of Manado, the condotel at Novotel Manado Golf Resort and Convention Center in Grand Kawanua International City offers a lucrative investment in a crème de la crème lifestyle.
The increasing number of tourists in Manado has led to the creation of a condominium hotel (condotel) in Grand Kawanua International City (GKIC). With the outstanding record of operational performance by Novotel, coupled with the attractive Return on Investment offered, this condotel has indisputably added to the list of one of the best and most secured property investments available.
Projected actual return on investment (ROI) for the condotel is truly promising. Currently, the ROI is estimated to reach about 6 percent in US$4 per year. With the average room rate starting from US$50 in 2010 and estimated to increase to US$80 in 2013, the projected actual ROI will grow from 4.5 percent in the first year to 10 percent in the fifth year.
The developer appoints one of the big four international auditor as the project’s auditor to ensure the transparency of accounting and financial reporting. More interestingly, investing in the condotel will guarantee a return of 6 percent per year in US dollar currency for 5 consecutive years. This guarantee will be legalized through the office of public accredited notary in Manado.
Indeed, the condotel at Novotel Manado Golf Resort and Convention Center in GKIC the right investment vehicle for those who are looking for a safe, private and confidential way to diversify their investment.
Aimed at pampering a premium lifestyle of high end societies worldwide, GKIC is built on the coast surrounded by hills where the natural beauty is preserved within the air of tropical beach that blends with the mountain breeze.
An array of facilities and amenities are within reach, reflecting new dimension where function and style merge as a lifestyle.
Situated close to Sam Ratulangi Airport, Manado, the 180-acre GKIC features cutting-edge facilities such as spectacular 18-hole golf course designed by Hawaiian golf designers Nelson & Howard, Wedding Chapel, Community Centers, Citywalk, Office Park, International Standard Hospital, Water Park, International Schools, to name a few.
In addition to the condotel, Novotel Manado Golf Resort & Convention Center in GKIC is the most luxurious hotel and convention center in Sulawesi. Having 200 room- capacity, this Novotel is operated under the management of Accor Group, an international hotel network. The GKIC Novotel is also equipped with the conference room that accommodates up to 5,000 people in addition to a variety of conference venues – ranging from main ball room and junior meeting room to meeting room suites.
Indeed, Manado Golf Resort & Convention Center has become the chosen lodging for MICE (meeting, incentive, conference, exhibition) function and social activities surrounded by North Sulawesi’s golf course. This is not to mention an array of top-notch facilities that are equipped by luxurious modern devices with outstanding service and comfort.
GKIC is developed by PT Wenang Permai Sentosa, a member of PT AKR Land Development (which is a sister company of PT AKR Corporindo Tbk, a go public company listed in Jakarta Stock Exchange).
Widijanto, managing director of PT Wenang Permai Sentosa, asserts that GKIC has the potential to attract people from across the globe. Being the first international standard satellite city in North Sulawesi, the green development of GKIC will cater its residents and visitors not only an exceptional comfort of living, but also premier tourism facilities.
“The increasing number of tourists in Manado has led us to create a world class satellite city. I’m convinced the presence of GKIC will pave the way for a splendid opportunity to position Manado higher in the international level,” Widijanto remarks.
This advertorial published in HighEnd, June 2010.