Category: Review

Accor Hotel Manila

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.

Resorts World Pasay

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.

M Castle to build US$1 billion resort

Korean developer M Castle Philippines Ltd. Co. has proposed to build a resort in Subic Bay Freeport at a cost of US$1 billion.  M Castle will develop a 615-hectare property at the nearby town of Morong in Bataan.

Grand Dame Hotel Iloilo

Grand Dame Hotel, one of the finest hotels in Iloilo City, received the “Trofeo International De Hosteleria” during the 36th International Awards for Tourist, Hotel and Catering Industry held at the Hotel Melia Castilla in Madrid, Spain on 20th January 2011.

Fullerton Hotel Manila

A foreign group behind the Fullerton Hotel in Singapore is in talks with the Philippine government for the transformation of the Manila Central Post Office into a first-class hotel.

Ms. Gemma Cruz Araneta, vice president of the city of Manila’s Historical and Heritage Commission, said the group is currently engaged in negotiations with the government.

Belle Grande Manila

 

Property firm Belle Corp. expects to open its Belle Grande Manila Bay project at the Entertainment City along Manila Bay by the first quarter of 2013.  Company vice chairman Willy Ocier said the project would primarily target the foreign market, including Chinese players, which is the main source of revenues of gaming companies operating in Macau and Singapore.

 

Estag Airport Hotel Clark

 

Taiwanese firm Eaglesky Technology Amusement and Gaming Inc. (Estag) is building a PhP1 billion casino and hotel complex called Estag Airport Hotel and Entertainment Complex just beside the Clark Airport.  The company plans to hire 300 employees when the hotel begins operations.

 

 

Manila Bay Resorts

Japanese firm Universal Entertainment Corp. has committed to invest US$2 billion for an entertainment and gaming complex called Manila Bay Resorts on the Bagong Nayong Pilipino Entertainment Complex in the reclaimed portion of Manila Bay.  Its Philippine unit, Tiger Resorts,Leisure and Entertainment Inc., said the plan is to build two luxury casino hotels with 450 and 650 rooms each.

However, the project became uncertain following reports that Wynn Resorts Ltd. bought out its Japanese investor, Kazuo Okada who controls Universal Entertainment, for extending cash and gifts worth US$110,000 to the Philippine Amusement and Gaming Corp. (Pagcor) officials.

Foreign investors eye Bicol Hotel

Legaspi City (April 19, 2007) – A Singaporean group has expressed interest in investing in Legaspi City for the reopening and expansion of the Mayon International Hotel, amid the rise in visitor arrivals in Bicol region.

Radisson Blue Hotel Cebu

SM Investment Corp. has opened the 400-room Radisson Blu Hotel in Cebu City. SM, which invested PhP2.5 billion for the construction of the hotel, has tapped the Carlson Group to run the first Radisson Blu in the Asia-Pacific region.