With the company stating that it aims to further support the country’s tourism sector.
According to property giant Megaworld, it will be expanding its portfolio of hotel developments across the Philippines by opening six new hotel properties in key tourism destinations within the next three years.
To be managed and operated by its hospitality arm Megaworld Hotels & Resorts, these will collectively add close to 2,000 hotel room keys to its massive portfolio.
Lourdes Gutierrez-Alfonso, President and CEO, Megaworld, said: “Our goal is to have more than 20 hotels and about 9,000 hotel rooms when we reach our 40th year within the next three years. This will further help us unlock big opportunities and continue supporting tourism as a major catalyst of development and economic growth across the country.”
The Savoy Hotel Palawan and Paragua Sands Hotel will built near the beach inside the 462-hectare Paragua Coastown, Megaworld’s first ecotourism township, and will offer more than 600 rooms combined in San Vicente, Palawan.
Another hotel rising near the water is The Hamptons Hotel at The Hamptons Caliraya, a 300-hectare integrated lifestyle community by Megaworld subsidiary Global-Estate Resorts, Inc. (GERI), and will be situated along the edges of Lake Caliraya in Cavinti, Laguna.
Meanwhile, three locations will be inside Cebtral Business Districts.
The 31-story ArcoVia Hotel is set to riseas Megaworld’s tallest hotel, and the company’s second hospitality development in Pasig City after Richmonde Hotel Ortigas.
It will be located across the iconic Arco de Emperador in ArcoVia City and promises sweeping views of the Metro Manila skyline and the nearby Antipolo mountains.
In San Fernando, Pampanga, Megaworld is currently building the 16-story Savoy Capital Town, its first hotel development north of Metro Manila within its 35.6-hectare Capital Town township and will be situated near the soon-to-rise Capital Mall.
At Megaworld’s 34-hectare The Upper East in Bacolod City, the construction of the 12-storey The Kingsford is already underway and will feature a variety of ‘first-in-Bacolod’ amenities such as its own Executive Lounge for VIP guests and a high-ceiling, pillarless Grand Ballroom that can accommodate up to 400 guests.
A 16-feet tall bronze statue called MassKara Queen will also be installed atop The Kingsford to celebrate the unique culture and identity of the city.
In Boracay, the company opened its third hotel inside the 150-hectare Boracay Newcoast called Chancellor Hotel Boracay, increasing the property giant’s total hotel room inventory in the island to 1,600 rooms.
Megaworld is also set to open Belmont Hotel Iloilo, its third hotel within the 72-hectare Iloilo Business Park in Iloilo City, in the coming weeks.
In the next few months, the company will fully transition its 1,531-room Grand Westside Hotel to become Mövenpick Manila Bay Westside Hotel – the largest Mövenpick hotel property in the world.
By 2029, Megaworld aims to grow its hotel portfolio to have 22 properties and about 9,000 hotel rooms, further reinforcing its position as the Philippines’ largest hotel developer and operator.
Currently, it operates properties under the brands of Richmonde Hotel, Belmont Hotel, Savoy Hotel, Kingsford Hotel, Chancellor Hotel Boracay, Hotel Lucky Chinatown, Twin Lakes Hotel, and international brands Courtyard by Marriott Iloilo, Mercure Mactan Cebu, and the upcoming Mövenpick Manila Bay Westside Hotel.
During the first quarter of the year, Megaworld posted PHP 1.5 billion in revenues from its hospitality business, an 8 percent jump year-on-year.