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Marco Polo Hotels and Xin Tian Ti Development Corp. have signed a partnership deal to develop a PhP3-billion five-star hotel in the Ortigas central business district. XTT president Samuel Po said the planned hotel will have 313 guest rooms and upscale suites and is scheduled to open by the fourth quarter of 2013.
“Marco Polo Hotels has been known for its excellent services and first-class signature touches. We are incredibly excited to be affiliated with this reputable hotel brand in Asia Pacific for the Marco Polo Ortigas, a PhP3-billion investment,” Mr. Po said.
Marco Polo Ortigas is the third addition to Marco Polo’s growing portfolio of hotels in the Philippines. The other two hotels are in Cebu and Davao. Marco Polo also signed a trademark royalty agreement with tycoon George Ty’s Federal Land Inc. to manage an upscale two-tower residential project rising near the Marco Polo hotel in Cebu.
“We are delighted to [announce] the addition of this hotel, located in the prime location of the capital of the Philippines. Our rapid growth and development in the Philippines and China has further strengthened our brand and its awareness throughout Asia Pacific,” Marco Polo president Steve Kleinschmidt said.
The hotel will offer upscale amenities, which include extensive meeting facilities, signature all-day dining restaurants, a Chinese restaurant, a lobby lounge and a Sky Bar that offers a view of the city skyline, and an indoor swimming pool, health club and spa.