PHILIPPINE REAL ESTATE and RELATED NEWS in and around the country . . .

Bloomberry begins work on hotel in casino complex

Posted on June 18, 2012 10:16:05 PM [ BusinessWorld Online ]

BLOOMBERRY RESORTS Corp. has begun work on a 300-room hotel attached to its flagship Solaire Manila casino-resort near Manila Bay after the company clinched additional space from the government, a ranking official yesterday said.

 “Right now, we have an additional eight hectares that we can expand into in the future. As a matter of fact, we have already started work on the foundation of our first expansion that will open one year from the opening date [of Solaire Manila], around the first quarter of 2014, ” Michael French, Bloomberry chief operating officer, told reporters in a chance interview.

“The expansion would have some 300 guest rooms, some retail [units], a theater, a night club, and more gaming space, ” Mr. French added.

The five-star Solaire Manila complex is set to rise in the Bagong Nayong Pilipino Entertainment City in Parañaque City.

According to earlier reports, the first phase of the 14-storey Solaire Manila will feature an 11-storey hotel atop a three-level podium, as well as a 10-storey parking building, with the casino and gaming area alone expecting to occupy some 22, 268 square meters.

“We are on track in our construction for opening in the first quarter next year, with a little over 80% already completed. While we haven’t set the metrics yet on [human] traffic flow, we intend to be a major destination in Metro Manila and in the Philippines, ” Mr. French said.

“We think the gaming market is quite good. We’re bullish and positive about the local gaming market. We found that the more casino products are introduced, the more the market grows, such as is the case in Macau, ” Mr. French added, referring to the gambling destination where he once worked. -- Franz Jonathan G. de la Fuente

real estate central philippines
Copyright ©2008-2018