New Hotels and Resorts in the Philippines 2
Hotel of Asia eyes expansion
Businessman Edgar “Injap” Sia II aims to transform his hotel business into a major industry player with the help of a foreign investor, according to a report by Philippine Star.
Mr. Sia’s Hotel of Asia Inc. has already lined up an expansion programme in 15 key cities nationwide through Chinese hotel giant JinJiang. “Hotel of Asia is envisioned to be a major hospitality sector player in the country catering to different market segments,” Mr. Sia said.
Hotel of Asia is a joint venture company of Injap Investments Inc., Oishi Liwayway Corp. and Steineil Development Corp. To date, the company has two brands: The Jinjiang Inn and condotel brand Hotel 101.
“For JinJiang Inn, we intend to grow it by opening both company operated units and eventually sub-franchise units,” Mr. Sia said. It will be the first time Jinjiang, which is one of the largest hotel chains in China with more than 34,000 rooms in 73 cities, is putting up a branch outside China.
Hotel of Asia, as the holder of the master franchise of Jinjiang Inn, committed to introduce the brand in 15 key cities in the country in the next five years.
Boracay Seascapes gets tax perks
The Board of Investments (BOI) has approved fiscal incentives for a PhP2-billion five-star resort hotel that Boracay Seascapes Resort Inc. will put up in the world-class island resort. Called the Crimson Resort and Spa Boracay, the project qualified for incentives under the 2012 Investment Priorities Plan (IPP), according to a report by Interaksyon.com.
Boracay Seascapes Resport is a unit of FDC Hotel Corp, which in turn is a subsidiary of Filinvest Development Corp. Crimson Resort and Spa Boracay will rise on a 2.9-hectare tract of land in Barangay Yapak. The resort hotel will have up to 200 guest rooms as well as banquet facilities, a chapel, food and beverage outlets, a game room, a gym, a kid’s club, a salon, a spa, a swimming pool and water sports facilities.
Groundbreaking for the resort hotel is scheduled within the first quarter of this year while commercial operations will start in December 2017. The project will generate 285 jobs.
SM group brings Conrad hotel brand
The first luxury Conrad Hotel in the country will soon rise at the Mall of Asia complex in Pasay City, according to a report by ABS-CBN.
SM Hotels and Conventions Inc., a unit of SM Investments Corp., has signed an agreement with Hilton Worldwide for the latter to manage the country's first Conrad Hotel. Conrad Hotels & Resorts is Hilton Worldwide’s global luxury brand.
"We are very happy to formalise our partnership with Hilton Worldwide as it combines their expertise of a global, award-winning hospitality company with SM’s strong local market expertise. Given Conrad Manila’s excellent accessibility to and from all areas of Manila, we are confident that it will deliver best-in-class service to capitalise on strong demand from both domestic and international business and leisure travellers," Elizabeth T. Sy, president of Hotels and Conventions Corporation said.
The 350-room luxury hotel, located beside the Mall of Asia and adjacent to the SMX Convention Centre, is scheduled to open in mid-2015. The eight-storey Conrad Manila will have two levels of retail and entertainment facilities, as well as an all-day dining restaurant, two specialty restaurants, a bar and lobby lounge.
Conrad Manila is the fifth hotel introduced by SMHCC, after Radisson Blu in Cebu, Taal Vista Hotel in Tagaytay, Pico Sands at Hamilo’s Pico de Loro Resort in Nasugbu and the soon-to-be-opened Park Inn Hotel in Lanang, Davao.
Grand Hyatt to open in 2015
Hyatt Hotels Corp. is open to more opportunities to expand in the Philippines following its partnership with Bonifacio Landmark Realty and Development Corp. to bring Grand Hyatt Residences to Manila, according to a report by BusinessWorld.
“We always look for opportunities to grow in a market; so if it presents itself in the Philippines then we may take advantage of those if they come along,” Mr. John Burlingame, visiting global head for Residential Development of Hyatt, was quoted as saying.
Grand Hyatt Residences Manila, which is scheduled to be completed by 2015 at an estimated cost of US$300 million, will consist of two towers in Bonifacio Global City. It will have 438 guest rooms and 220 units for private use.
“The Philippines is an important market to be in. Not only does it have robust growth but it is a market where our customers want to go to and we want to service those areas,” said Mr. Burlingame.
Ascott expects higher revenues
Service hotel and residence provider Ascott Ltd. plans to increase revenues this year by 15 percent to PhP1.15 billion as occupancy rate is expected to hit 80 percent to 90 percent, according to a report by Manila Standard Today.
“This industry is very market-driven. We are banking on the arrival of more corporate visitors,” regional manager for Philippines and Thailand Arthur Gindap said, during the topping-out ceremonies for Ascott Bonifacio Global City Manila tower.
The PhP1-billion project will add 220 units to Ascott’s portfolio. It will be the second premier Ascott brand property in the Philippines, next to Ascott Makati. The Ascott Bonifacio Global City Manila will offer mid-to-long stay options to business travellers with a choice of one-, two- or three-bedroom apartments.
Ascott is bullish on Southeast Asia, particularly on the Philippines, with two more properties set to rise in the country: Citadines Salcedo Makati in 2014 and Citadines Millenium Ortigas Manila in 2015. A new Ascott project will rise outside Makati.
SM Group adds hotels
SM Hotels and Conventions Corp. (SMHCC), a unit of tycoon Henry Sy’s mall and banking conglomerate, now has four hotels in its portfolio, according to a report by Philippine Star. The hospitality firm said it started operations of the Park Inn by Radisson Davao on 22nd March 2013.
It is the first “next generation” mid-scale Park Inn by Radisson hotel brand to be established in Asia Pacific, SMHCC said.
“We are excited with this opening of Park Inn by Radisson in Davao as we bring to the market a world-class hotel brand with a very contemporary and vibrant look and feel,” said SMHCC president Elizabeth Sy.
The 204-room hotel is second Radisson hotel in the Philippines that is managed by one of the world’s largest hotel chains, Carlson Rezidor Hotel Group. Park Inn by Radisson Davao is located beside the SM Lanang Premier Mall and the SMX Convention Centre in Davao.
Aside from Park Inn by Radisson, the SM conglomerate also owns and operates Radisson Blu in Cebu, Taal Vista Hotel in Tagaytay and Pico Sands at Hamilo’s Pico de Loro Resort in Nasugbu, Batangas.