Leisure and Resorts World Corp. is in the “advanced stages” of discussion with Planet Hollywood of entertainment and casino giant Harrah’s Entertainment, Inc. to operate a US$350-million casino complex in Pasay City. The plan is to manage a casino complex that will rise on a 6.2-hectare property along a reclaimed property in Manila Bay.
No less than CNN has cited Bellarocca Island Resort and Spa in Marinduque as the hottest New Generation Asia tourism spot. The luxurious resort island is managed by Genesis Hotels and Resorts Corp.
Manila Ocean Park has added another attraction that allows guests to interact with fish and stingrays. The park has recently opened of Aquanaut Voyage, where guests use special helmets to breathe freely and naturally while interacting with 4,000 fish of 200 different species as they take a 10-minute walk on the ocean floor of the park’s largest aquarium.
Ascott Limited has signed contracts to manage two new serviced residences apartments in the Philippines. It will construct the 220-unit Ascott Bonifacio Global City Manila as its second Ascott-branded property in the Philippines, after the one in Makati. It will also manage the 215-unit Citadines Salcedo Makati as the first Citadines apartment-hotel in the country. Both properties are expected to open in 2014.
Federal Land and Japanese firm Orix Corp. have formed a joint venture called Bonifacio Landmark Corp. that will build a US$300-million project in Bonifacio Global City to be managed by Grand Hyatt Hotels Worldwide, according to a report by Philippine Daily Inquirer. The construction of the hotel, Grand Hyatt, is now in full swing and is slated for completion in 2015.
Alliance Global Group Inc. (AGI) and its partner Travellers International, which are behind the Resorts World complex, will develop a second tourism estate— the 31-hectare Resorts World Bayshore in the Entertainment City Manila.
Korean firm Donggwang Clark Corp. is expected to complete by April 2012 its US$200-million tourism-related project, which includes the Clark Sun Valley Golf Course at Clark Freeport in Pampanga. With the project, Donggwang is poised to become the new leader in tourism complex and golf course construction in the Philippines. The Korean company is building a 304-hectare tourism complex with residence villas, water theme park and various amenities.
International budget hotel chain Tune Hotels has opened a 165-room branch along Don Juico Avenue in Angeles City, Pampanga. Mr. Mark Armsden, senior vice president for sales and marketing of Red Planet Hotels Ltd., said Tune Hotel would give its customers choices according to their actual needs. A second Tune Hotel would also open in Cebu City while three more hotels would be completed in Makati, Pasig and Cagayan de Oro this year.
Manila Jockey Club (MJC) Inc. has tapped the Accor Group to manage a 250-room luxury hotel it will construct on its 1.4-hectare property in Sta. Cruz, Manila.
MJC Investments has executed a memorandum of understanding with Accor Group's affiliate, AAPC Singapore Pte., for hotel consultancy and management services for the project.
Travellers International Hotel Group, Inc., a joint venture between local firm Alliance Global Group, Inc. and Genting Hong Kong Ltd., has raised US$300 million in fresh capital by selling seven-year bonds. Travellers International, which operates the eight-hectare Resorts World Manila in Pasay City, said the proceeds from the fund raising will be for the expansion of Resorts World.