Businessman Alfredo Yao is investing PhP1.5 billion to expand the capacity of luxury resort Sol Marina Resort on Boracay Island, as part of plans to scale up his tourism-oriented real estate portfolio.
Apart from the expansion of Sol Marina in Boracay, Mr. Yao said he is bringing the Sol Marina brand to Coron in Palawan and would put up a hotel under a different brand in Baguio City.
Mr. Yao said the 3.5-hectare property formerly known as Club Panoly in Boracay is being redeveloped to increase capacity to 350 rooms from the current 50 rooms. “[The] expanded Boracay [property] will be open by June this year,” Mr. Yao said.
Apart from building more rooms, Sol Marina’s expansion will include the modernisation of facilities. Based on the website, the resort will soon have a level 3,000-square-meter pool, lush tropical landscaping, mini golf course, convention centre for 700 to 800 delegates, multi-denominational place of worship, spa and salon, fitness centre, business centre, gift and souvenir shop, fine dining and al fresco restaurants with function rooms and a pool bar.
The old pool was demolished in March 2013 to commence work on the 3,000-sqm pool, which Sol Marina envisions to be the “biggest infinity or swimming pool in the island.”