Megaworld opening 4 more hotels

MANILA, Philippines - Megaworld Corp. will open four new hotels this year given its bullishness on the country’s growth prospects.

These hotels are the Marriott Courtyard Hotel in Iloilo Business Park and the Savoy Hotel Boracay in Boracay Newcoast, which are set to open by the first half of the year as well as the Savoy Newport Hotel in Newport City and Hotel Lucky Chinatown in Binondo, Manila, slated to open in the second half.

Megaworld SVP Kevin Tan said the growing tourism industry is a potential growth driver for the company.

“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,” Tan said.

The Marriott Courtyard Hotel will open in Megaworld’s 72-hectare Iloilo Business Park Township in Mandurriao, Iloilo City, marking the foray of the Marriot brand in the Visayas region.

With a total of 15 storys, the Marriott Courtyard will have 326 rooms.

Megaworld is adding the Savoy Hotel brand to homegrown hotel brands Belmont and Richmonde Hotels.

The six-story Savoy Hotel Boracay Newcoast is a 559-room resort hotel in the 150-hectare Boracay Newcoast development. It 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, on the other hand, will offer 684 rooms and will add to the growing hotel offerings of the 24/7 leisure and entertainment complex of Newport City, home of the renowned Resorts World Manila.

In Binondo, Manila, Megaworld will open the six-story Hotel Lucky Chinatown, which will have 93 guestrooms.

This hotel will mainly cater to Chinese tourists and businessmen as well as for those who are on a historic tour of Manila.

Megaworld is operating three Richmonde Hotels in Eastwood City, Ortigas and Iloilo Business Park,  and one Belmont Hotel in Newport City. Three more hotels under its portfolio are scheduled for completion within the next five years in various townships.