Published on 25 September 2012
Written by Madelaine B. Miraflor
Yap-owned Felcris Hotels and Resorts
Corp. will invest P5 billion for its recently launched hotel project in Davao
named “Felcris Centrale,” a major development project located in a 5.9-hectare
lot which will include a shopping mall, office buildings, residential towers
and hotels.
The first phase of the project will be
the completion of the mall and business processing outsource building at the
cost of at least P1 billion.
Covering more than 54,000 square
meters of floor area, Felcris Centrale will feature a 12-storey commercial
complex with a 10-floor office space and a two-level retail and entertainment
center complete with supermarket, boutiques, restaurants and specialty shops.
“Felcris is located near and is easily
accessible from neighboring business establishments, government offices, and
residential communities. With its proximity to the Davao International Airport,
Davao City Hall, and the old Davao Central Business District, this development
provides its occupants easier access to the major transportation and business
areas,” said the company in a statement.
The Yap family is the pioneer in the
convenience store industry in Davao when it founded the Davao Central
Convenience Store Inc. on March 12, 1997. Davao Central Convenience Store
opened five branches in its first year of incorporation. Now it has expanded
all over Mindanao from Bayugan City, Agusan del Sur in the north all the way to
Malita, Davao del Sur in the south.
“In this new endeavour, we intend to
take the next step in our family’s vision. This has been a life long dream of
the Yap family,” said Cassandra Yap, executive vice president of Felcris
Centrale.
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