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RLC eyes more hotels next year

Published on 10 December 2012 [ ]
Robinson’s Land Corp. (RLC) plans to add three hotels to its portfolio next year amid strong growth forecast for the rest of its business units.
Frederick Go, RLC president and chief operating officer, told reporters that some of the company’s business units are doing good including the hotel business.
“We’re opening three hotels. We are expanding the Iloilo mall designed by the famous Ilonggo architect with the Go Hotel,” he said.
Go said that the hotels are set to be located in Iloilo and Cyberspace Alpha in Ortigas. The other location has yet to be identified.
“Cyberspace Alpha is about 200 rooms, while Iloilo is 110,” he said.
RLC currently has hotels in Palawan, Bacolod, Dumaguete and Tacloban.
Go added that they are going to expand their Mini Stop Convenience Store and Robinson’s Supermarket.
“[In our Supermarket outside malls] we are expanding agressively din,” Go said.
For RLC’s residential business, Go also said that they are also looking at strong growth.
“We’re seeing very strong growth,” he said.
“We used to be a conscious developer, parang pababa kami [it looked like we were declining], but now dramatically we’re going up. So that for me is a big deal,” the RLC official said.
In mid November, RLC announced that it is set to build a mixed-use development in Libis, Quezon City after acquiring a two-hectare property from Republic Glass Holdings Corp.
In a disclosure to Philippine Stock Exchange, RLC said that it signed an agreement with Republic Glass for the acquisition of the two-hectare property located in Quezon City.
“We will be building a mixed use development. No data on price acquisition,” RLC said.

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