Megaworld sets seven-hotel expansion

Megaworld Hotels & Resorts, the hospitality arm of listed property developer Megaworld Corp., is set to open seven new hotel properties nationwide within the next five years as it targets 9,000 hotel room keys by 2030. 

The company said on Thursday that the planned hotels will rise in key tourism and business hubs across the country.

These include the 554-room Chancellor Hotel in Boracay Newcoast, the 404-room Belmont Hotel Iloilo in Iloilo Business Park, and the 300-room The Kingsford in The Upper East Bacolod.

Also in the pipeline are 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 San Fernando, Pampanga; and the 339-room ArcoVia Hotel in ArcoVia City, Pasig.

Aside from new hotels, Megaworld said it will also consolidate the 15-story Courtyard by Marriott in Iloilo Business Park under its hotel portfolio this year to add 326 more rooms to its portfolio.

Meanwhile, Belmont Hotel Mactan inside The Mactan Newtown in Cebu will be rebranded as Mercure Mactan Cebu under the international hotel chain Accor.

“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 grow and strengthen our contribution to the Philippine tourism industry further,” Megaworld president and CEO Lourdes Gutierrez-Alfonso said.

Over the next five years, at least five more homegrown Megaworld hotel properties are expected to transition to Accor-branded hotels, allowing the group to expand its presence in both local and international hospitality markets.

Currently, Megaworld Hotels & Resorts operates 13 hotel properties with about 6,000 rooms in destinations such as Metro Manila, Tagaytay, Cebu, and Boracay.

These include Richmonde Hotel Ortigas, Eastwood Richmonde Hotel, Richmonde Hotel Iloilo, Belmont Hotel Manila, Belmont Boracay, Belmont Mactan, Savoy Hotel Manila, Savoy Mactan, Savoy Boracay, Hotel Lucky Chinatown, Twin Lakes Hotel, Kingsford Hotel Manila, and Grand Westside Hotel.