By Othel V.
Campos | Posted on Apr. 17, 2013 at 12:01am |
[
manilastandardtoday.com ]
Leading
service hotel and residence provider Ascott Ltd. plans to increase revenues
this year by 15 percent to P1.15 billion from a year ago as occupancy rate is
expected to hit 80 percent to 90 percent.
“This
industry is very market-driven. We are banking on the arrival of more corporate
visitors,” regional manager for Philippines and Thailand Arthur Gindap said
Tuesday during the topping-out ceremonies for Ascott Bonifacio Global City Manila tower.
The
P1-billion project will add 220 units to Ascott’s portfolio. It will be the
second premier Ascott brand property in the Philippines, next to Ascott Makati.
“The
developers are a group of Filipino investors whose identities I am not at
liberty to say,” Gindap said.
The Ascott
Bonifacio Global City Manila will offer mid-to-long stay options to business
travelers with a choice of one-, two- or three-bedroom apartments.
Gindap said
an upgraded credit rating from Fitch Ratings, Moody’s Investors and Standard
& Poor’s had spurred businesses in the country.
“With a
steady stream of corporate headquarters and high-value companies moving into
Bonifacio Global City, Ascott Bonifacio Global City Manila will cater to a
growing market of expatriates and business travelers looking for that home away
from home experience,” he said.
The company
is also set to open Citadines Salcedo Makati in 2014 and Citadines Millennium
Ortigas in Manila in 2015.
_____________________________________________________________
