PROPERTY developer Megaworld Corp. said it plans to open six latest hotels across key destinations within the Philippines inside the following three years as a part of its hospitality expansion program.
“Our goal is to have greater than 20 hotels and about 9,000 hotel rooms once we reach our 40th 12 months inside the following three years,” Megaworld President and Chief Executive Officer Lourdes T. Gutierrez-Alfonso said in an announcement on Wednesday.
The corporate said the projects will add around 2,000 room keys to its portfolio and shall be managed and operated by Megaworld Hotels & Resorts.
The brand new properties include ArcoVia Hotel at ArcoVia City in Pasig, Savoy Capital Town in Pampanga, The Hamptons Hotel in Laguna, Paragua Sands Hotel and Savoy Hotel Palawan in Palawan, and The Kingsford at The Upper East township in Bacolod.
Megaworld said Paragua Sands Hotel and Savoy Hotel Palawan will rise inside the 462-hectare Paragua Coastown township in San Vicente, Palawan, and can contribute a combined 619 rooms.
The corporate also said the long run ArcoVia Hotel in Pasig shall be its tallest hotel development at 31 stories.
Savoy Capital Town, situated inside the 35.6-hectare Capital Town township in San Fernando, Pampanga, will offer 374 room keys and is targeted for turnover by August 2027.
The Kingsford condotel in Bacolod could have around 300 rooms and a ballroom that may accommodate as much as 400 guests.
Megaworld said it recently launched Chancellor Hotel Boracay in Boracay Newcoast and is ready to open Belmont Hotel Iloilo in the approaching weeks.
“By 2029, Megaworld goals to grow its hotel portfolio to have 22 properties and about 9,000 hotel rooms,” the corporate said. — Juliana Chloe A. Gonzales