Vol. XXI, No. 238 [ BusineeWorld Online ]
Friday, July 4, 2008 | MANILA, PHILIPPINES
THE SHANGRI-LA group is expected to finish building its $250-million luxury hotel in Fort Bonifacio, Taguig City by 2012.
At more than 60 storeys, 500 guestrooms and 234 apartments, the building would become a landmark, the company said in a statement yesterday.
The new hotel will complement the four existing hotel properties of Shangri-La Asia Limited in the Philippines and the Shangri-La Resort and Spa, Boracay, which is scheduled to open late this year.
"Shangri-La at the Fort will not only be a striking new addition to the Manila skyline, but a demonstration of our firm commitment to the Philippines," said Edward Kuok, president and chief executive officer of Shangri-La Asia Limited. "Our presence and confidence in this market continues to grow, with an expanding portfolio of business and leisure properties," he added.
The mixed-use business, residential and retail tower will be located along 5th Avenue and 30th St., within the fast-developing Taguig business district.
A 30-minute drive from the international airport, the hotel will also be close to the Manila Golf and Polo Club, and 10 minutes from the Makati central business district.
Shangri-La has named US-based Skidmore, Owings and Merrill LLP as architect and Hirsch Bedner Associates will undertake the interior design for guestrooms and the main lobby.
Guestrooms will range in size from 52 square meters for a deluxe room, to 260 square meters for the presidential suite.
The hotel will also feature a total of 4,660 square meters of meeting and banqueting facilities, including a grand ballroom, junior ballroom, 11 function rooms, a boardroom, business center, individual teleconferencing room and a 350-square meter outdoor event area.
_________________________________________________________________________
