Travellers International Hotel Group Inc., a joint venture of Alliance Global Group and Genting Hong Kong Ltd., signed an agreement with Japan’s Hotel Okura to operate a 191-room hotel within integrated resort and gaming complex Resorts World Manila in Pasay City.
TIGHI said in a disclosure to the stock exchange Okura Hotel was scheduled to open by the fourth quarter of 2018. Hotel Okura will be one of the new three hotels slated to open within Resorts World Manila in Pasay City. The two others are Sheraton Manila Hotel and Hilton Manila.
“The Philippines, especially Manila, is a very promising market considering the nation’s gross domestic product and population size, both of which are growing fast. The local hotel business is benefiting from these and other favorable trends,” said Okura president Toshihiro Ogita.
“Having worked closely with Mr. Kingson Sian, we are confident that we will receive their full support as a reliable partner to operate the hotel. We will leverage the group’s expertise in traditional Japanese hospitality to make Hotel Okura Manila a much-beloved hotel among both local and foreign visitors,” Ogita added.
TIGHI earlier announced that Hotel Okura would also construct another 13-story hotel with 380 rooms in Bayshore City Resorts World, the second complex of TIHGI set to rise on the Entertainment City complex in Parañaque City
Okura plans to expand its growing portfolio to 100 properties worldwide, with focus on Asia. It has announced the opening of Okura brand hotels in Cappadocia, Turkey in 2019, Manila, Phnom Penh, Ho Chi Minh City and Yangon in 2020, and Taichung in 2021.
Hotel Okura Macau opened in 2011, followed by The Okura Prestige Bangkok and The Okura Prestige Taipei in 2012.
“Hotel Okura aims to strengthen the bond with promising markets including the Philippines,” Travellers said. Hotel Okura has made a donation of $100,000 to the Philippine Red Cross for natural disaster recovery in 2013.
Resorts World Manila has over 1,800 rooms across four hotel brands—Marriott Hotel Manila and its West Wing expansion, Maxims Hotel, Remington Hotel and Belmont Hotel.
Resorts World Manila plans to expand its portfolio to 3,500 hotel rooms by 2019, including the completion of the 391-room Sheraton Manila Hotel and the 355-room Hilton Manila, and the expansion of Maxims Hotel.