Roxaco Land eyes 1,000 budget hotel rooms

MANILA, Philippines - Roxaco Land Corp. and Singapore-based Vanguard Hotels Pte. Ltd. are putting up at least 1,000 budget hotel rooms in the next two years.

The partners, through budget hotel chain Go Hotels, are taking advantage of the strong growth of the local tourism industry, Roxaco Land said.

“Roxaco Land and Vanguard Hotels are looking at delivering at least 1,000 hotel rooms in two years in their joint venture to build affordable hotels in Metro Manila,” the company said.

Late last year, Roxaco Land, a subsidiary of listed Roxas & Co. Inc., partnered with Vanguard to build at least five new Go Hotels, the budget hotel chain of Robinsons Land Corp.

Roxaco-Vanguard Hotel Corp. already started work on its initial hotel, the Go Hotel Manila Airport Road located near the Ninoy Aquino International Airport  (NAIA).

“Both parties are committed to completing the five hotel projects, which would deliver at least 1,000 hotel keys, within the two-year timeframe,” said Roxas & Co. chairman and CEO Pedro E. Roxas.

Roxaco Land senior vice-president Santiago R. Elizalde said the venture is focused principally on strategic locations in Metro Manila.

“We hope that our maiden hotel, which will be in Parañaque City, will be ready to cater to the room requirements of travelers, especially those that fly in and out of the NAIA by yearend 2014,” Elizalde said.

Vanguard Hotels Group CEO Bruce Musick said the second Go Hotel will be built in North EDSA in Quezon City.

“The second hotel will cater to those that come in and out through the north,” Musick said.

Vanguard Hotels is a Singapore-based company that operates hotels in Southeast Asia while Roxaco Land is the company behind Fuego Hotels, which manages the 88-hectare premiere luxury seaside resort Club Punta Fuego in Batangas, the Terazzas de Punta Fuego in Nasugbu, Batangas, 7 Stones Boracay Suites and Boracay Gems in Boracay, Aklan and Camaya Coast in Bataan.