Property developer Megaworld Corp. through its hospitality arm Megaworld Hotels & Resorts, is set to open seven new hotels across the country by 2030 as part of its expansion plan to reach 9,000 accommodation room keys within the next five years.
The new developments will add over 2,500 rooms to the company’s growing portfolio and will be located in key tourism and business destinations nationwide.
The planned hotels include the 554-room Chancellor Hotel in Boracay Newcoast; the 404-room Belmont Hotel Iloilo in Iloilo Business Park; the 300-room The Kingsford in The Upper East Bacolod; the 304-room Savoy Hotel Palawan and the 313-room Paragua Sands in Paragua Coastown, San Vicente, Palawan; the 373-room Savoy Capital Town in Capital Town, San Fernando, Pampanga; and the 339-room ArcoVia Hotel in ArcoVia City, Pasig City.
These projects will rise across Megaworld’s integrated township developments, supporting both local tourism and economic growth in these areas.
The company now operates 13 hotels with about 6,000 rooms in Metro Manila, Tagaytay, Cebu and Boracay.
“The inclusion of international hotels in our portfolio will further cement our position as the largest hotel operator in the country for both local and international hotels. Through this expansion program, we aim to continue to further grow and strengthen our contribution to the Philippine tourism industry,” said Lourdes Gutierrez-Alfonso, president and chief executive of Megaworld.
The company is also teaming up with global hospitality brand Accor to rebrand several of its existing hotels, further strengthening its presence in the international hotel market.
Megaworld is consolidating the 15-story Courtyard by Marriott in Iloilo Business Park, an international hotel brand, under its hotel portfolio, to increase the current room keys by 326.
Belmont Hotel Mactan at the 30-hectare The Mactan Newtown in Cebu will also transition into an Accor-branded international hotel, the Mercure Mactan Cebu.
Megaworld said that on the next five years, at least five more existing homegrown properties of Megaworld Hotels & Resorts will transition into Accor-branded hotels.
This will allow Megaworld Hotels & Resorts to operate not just homegrown hotel brands but also many international hotel brands.
