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.
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.
Roxaco Land Corp., the property arm of sugar producer Roxas and Co., Inc. is planning a number of tourism and residential projects to expand its business. Its joint venture projects include the 88-hectare residential beach resort Peninsula de Punta Fuego and the 61-hectare seafront property Terrazas de Punta Fuego, both in Nasugbu, Batangas. It said more projects will allow Roxaco to raise revenues by as much as half every year in the next three years.
Grand Hyatt Hotel will soon rise on a 1.5 hectare lot at Bonifacio Global City in Taguig at a cost of around US$300 million. Once completed, the 66-storey hotel, will be promoted as a six-star luxury hotel and managed by the Hyatt Group.
It will have 400 rooms and will be the second hotel in the Bonifacio Global City after the Shangri-La Hotel, which will also open by 2014. Grand Hyatt Hotel will be one of the tallest and biggest mixed-use buildings in the Philippines when it is completed by the end of 2014.
Century Properties plans to venture into hotel development as it seeks to further expand its revenue stream.
CPG is positioning itself in the tourism business, which is seen to be the next sunshine industry as the government steps up efforts to promote the country. CPG has teamed up with Group Developers Inc., Caylaway Development Corp. and Batulao Bio-loop Farms Inc. to transform a 142-hectare property in Batulao, Batangas into a major leisure and resort community.
Radisson Blu Hotel, a five-star hotel in Cebu City, has redefined the accommodation sector in Cebu. Radisson Blu Hotel is jointly-owned by SM Development Corp. and Carlson Group. It has 400 business class guest rooms and suites that are functional and offer an excellent view of either the city or the Mactan Channel.
Hotel chain operator Tune Hotels plans to open its newest property in Makati by 17th July 2012. The 213-room Tune Hotel Makati will be the fourth Tune Hotel to be opened in the country, after those in Angeles City, Cebu City and Ermita, Manila.
Tune Hotels said it would offer introductory price of PhP288 a night for stays at Tune Hotel Makati from 17th July to 31st December 2012. The offer runs until 21st May 2012.
Clark Development Corp. (CDC) said major investment projects are expected to rise in Clark Freeport in the areas of tourism, residential, commercial, manufacturing and aviation-related industries in 2012.
Among the projects in the pipeline are the hotel and casino complex of Eagle Sky Amusement and Gaming (ESTAG), Go-Hotel project of Robinsons Land Corp., and mixed-use commercial facilities of Hausland Development.
Thousands of people head south of Manila to spend a day of fun-filled relaxation and adventurous excitement within the American-style walls of Enchanted Kingdom, a 17-hectare world class theme park conveniently located in the outskirts of Sta. Rosa, Laguna.
Ayala Land Inc. (ALI) has acquired the former Club Noah Isabelle, a luxury resort in Palawan province. Company chief finance officer Jaime Ysmael said Ayala Land is now refurbishing the 50-room resort.
The company also announced that it will launch by the first quarter of 2011 the Pangalusian island resort in El Nido through its 60 percent-owned venture with beach resort operator, Asian Conservation Co.