Megaworld opening four hotels this year
Megaworld Corp., the property unit of tycoon Andrew Tan, said Wednesday it will open four hotels this year that will add 1,662 rooms and solidify the company’s position as a leading hotel operator in the country.
Megaworld said in a disclosure to the stock exchange it would open Marriott Courtyard Hotel in Iloilo Business Park and Savoy Hotel Boracay in Boracay Newcoast in the first half and Savoy Newport Hotel in Newport City and Hotel Lucky Chinatown in Binondo, Manila in the second half.
The 15-story Marriott Courtyard Hotel in the 72-hectare Iloilo Business Park township in Mandurriao, Iloilo City will offer 326 rooms. The new hotel strategically located beside Iloilo Convention Center will be the first Marriott brand to open in Western Visayas.
Megaworld announced last year it would add the Savoy Hotel brand alongside Belmont and Richmonde Hotels as its homegrown hotel brands.
Savoy Hotel Boracay Newcoast is a 559-room resort hotel in the 150-hectare Boracay Newcoast development. The six-story hotel will feature the country’s first concert pool arena, which will be capable of hosting events in a pool setting.
The 11-story Savoy Newport Hotel will offer 684 rooms and will add to the growing hotel offerings of the 24/7 leisure and entertainment complex of Newport City which is the home of Resorts World Manila.
The six-story Hotel Lucky Chinatown in Binondo will offer 93 guest rooms and will mainly cater to Chinese tourists and businessmen as well as for those who are on a historic tour of Manila.
“We see tourism as a potential driver of growth for Megaworld as we draw more people to our developments. Within the next three to five years, we hope to see a bigger slice of hotel earnings in our revenue pie as we open our new hotels,” Megaworld senior vice president KevinTan said.