June 23, 2018, 10:18 am
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Megaworld to open 4 hotels this year

Megaworld Corp., said four new hotels will be opened this year in its development sites, boosting tourism in its various developments across the country.

For the first half of the year, set to be opened are Marriott Courtyard Hotel in Iloilo Business Park and the Savoy Hotel Boracay in Boracay Newcoast. Savoy Newport Hotel in Newport City and Hotel Lucky Chinatown in Binondo, Manila, meanwhile is set for opening by the latter part of the year.

The 15-storey Marriott Courtyard Hotel in the 72-hectare Iloilo Business Park township in Mandurriao, Iloilo City, will offer 326 rooms and it will be the first Marriott brand to open in Western Visayas. 

“It is strategically located beside the iconic Iloilo Convention Center,” the company said.

Megaworld meanwhile said the first Savoy Hotel will opened in Aklan, Savoy Hotel Boracay Newcoast, a 559-room resort hotel in the 150-hectare Boracay Newcoast development. The six-storey hotel will feature the country’s first concert pool arena, which will be capable of hosting events in a pool setting.

Last year, Megaworld announced that it is adding the Savoy Hotel brand, alongside Belmont and Richmonde Hotels, among its homegrown hotel brands.

The 11-storey 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, which is home of the renowned Resorts World Manila.

In Binondo, the six-storey Hotel Lucky Chinatown will offer 93 guestrooms 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,” said Kevin  Tan, Megaworld senior vice president.

To date, Megaworld owns three homegrown hotel brands namely Richmonde Hotel, Belmont Hotel and Savoy Hotel.

The company 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.
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