Posted May 15th, 2012 by Jenniffer B.
Austria
[ manilastandardtoday.com ]
Marco Polo Hotels and Xin Tian Ti
Development Corp. on Monday finalized their partnership to develop a P3-billion
five-star hotel in the Ortigas central business district.
XTT president Samuel Po said in a
signing ceremony the hotel, which will contain 313 guest rooms and upscale
suites, 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 P3-billion investment,” 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 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.
Next to China, the Philippines has the
most number of Marco Polo hotels in Asia.
The contemporary 5-star Marco Polo
Ortigas offers a view of the city center and direct access to Meralco Avenue in
Ortigas.
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 city skyline, an indoor swimming pool, health club and spa.
Marco Polo is a wholly-owned
subsidiary of The Wharf (Holdings) Ltd., a Hong Kong-listed company with core
business interests in property and investments in communications and
container-terminal operations.
XTT is a development corporation
established by First SLP Holdings to manage hotel and tourism-related
businesses. The Ortigas hotel will be the company’s first venture into the
hotel business.
First SLP fully owns JS Unitrade
Merchandise Inc., which is engaged in the manufacture of baby care, feminine
hygiene and geriatric care products with annual revenues of over $120 million.
(Published in the Manila Standard
Today newspaper on /2012/May/15)
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