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The Araneta Group will start accepting guests at the Novotel Manila Araneta Centre in Cubao, Quezon City, the “crown jewel” of its multibillion-peso redevelopment of bustling Araneta Center.
Novotel Manila is envisioned to be the only upscale hotel in Quezon City that will offer a “five-star experience at four-star prices,” said Araneta Group chairman and CEO Jorge L. Araneta. Michael Issenberg, chairman and COO of Accor Asia-Pacific, flew to Manila to take part in the ceremony and expressed confidence that the hotel would be a “great success.”
JG Summit Holdings (JGS) will invest PhP6 billion for the construction of 30 budget hotels over the next four years to complement its budget airline business as the company anticipates robust tourism trade in the country.
JG Summit president and COO Lance Gokongwei described tourism as a natural third leg of the Philippine economy next to overseas Filipino workers and BPO.
Clark Development Corp. (CDC) said major investment projects are expected to rise in Clark Freeport in the areas of tourism, residential, commercial, manufacturing and aviation-related industries in 2012.
Among the projects in the pipeline are the hotel and casino complex of Eagle Sky Amusement and Gaming (ESTAG), Go-Hotel project of Robinsons Land Corp., and mixed-use commercial facilities of Hausland Development.
Hotel chain operator Tune Hotels opened its first hotel in Manila and its third in the Philippines. Located in Central Manila, Tune Hotel Ermita offers 167 rooms comprising 117 double, 48 twin sharing and 2 wheelchair-friendly rooms.
“We are very excited with the opening of Tune Hotel Ermita, our very first hotel in the capital city. With three more Tune Hotels coming up in Manila this year and next, Manila will be a very important growth centre for our regional expansion. With its international city stature and coupled up with the rigorous economic landscape, Manila attracts tourists and business travellers from across the world and Tune Hotels is proud to serve them all,” said Tuna Hotel CEO Mark Lankester.
Japanese firm Universal Entertainment Corp. has committed to invest US$2 billion for an entertainment and gaming complex called Manila Bay Resorts on the Bagong Nayong Pilipino Entertainment Complex in the reclaimed portion of Manila Bay. Its Philippine unit, Tiger Resorts,Leisure and Entertainment Inc., said the plan is to build two luxury casino hotels with 450 and 650 rooms each.
However, the project became uncertain following reports that Wynn Resorts Ltd. bought out its Japanese investor, Kazuo Okada who controls Universal Entertainment, for extending cash and gifts worth US$110,000 to the Philippine Amusement and Gaming Corp. (Pagcor) officials.
Hotel operator Raffles and Fairmont is set to open its first development in Makati City by the second semester of 2012. The project called Fairmont Makati & Raffles Suites, built by Kingdom Hotel Investments and local developer Ayala Land, Inc., is reportedly set for completion by September. The 30-storey project will include the 237-unit luxury Raffles Residences, 32-suite Raffles Hotel, and 280-room Fairmont Hotel.
International budget hotel chain Tune Hotels has opened a 165-room branch along Don Juico Avenue in Angeles City, Pampanga. Mr. Mark Armsden, senior vice president for sales and marketing of Red Planet Hotels Ltd., said Tune Hotel would give its customers choices according to their actual needs. A second Tune Hotel would also open in Cebu City while three more hotels would be completed in Makati, Pasig and Cagayan de Oro this year.
Ayala Land Hotels and Resorts Corp. (AHRC) has begun construction of Kukun hotels, the country’s first chain of urban lifestyle hotels. The company began in December 2011 the development of Kukun BGC (Bonifacio Global City), Kukun Cagayan de Oro, and Kukun Nuvali.
Kukun hotels will blend the best qualities of branded, businessman and boutique hotels, thereby bringing a signature experience for its guests. The initial Kukun hotels will only have 150 to 200 rooms.
Accor Asia-Pacific has launched the Novotel Manila Araneta Centre in Cubao, Quezon City in partnership with the Araneta Group. The occasion marks the first time that Accor will jointly invest in a Philippine-based hotel. Novotel Manila Araneta Centre will be the only upscale hotel in Quezon City. It will have 415 rooms, a 600-square-metre ballroom and large meeting facilities. The hotel is expected to cater to the needs of the 56,000 registered businesses in Quezon City and to the MICE (meetings, incentives, conventions and exhibitions) market.
Waterfront Philippines, operator of the Manila Pavilion hotel, plans to renovate the facility later this year to attract more guests and boost the hotel’s revenues. A bulk of the initial work on the Manila Pavilion will focus on refurbishing the hotel’s entry-level superior rooms, which number roughly 100, after which expansion will begin on the hotel’s dining and drinking accommodations.