By Iris C. Gonzales (The Philippine Star) | Updated August 18, 2015 - 12:00am
MANILA, Philippines - Andrew Tan-led property firm Megaworld Corp. is set to open in October a new hotel brand which will cater to business travellers.
The local brand, dubbed Newport Belmont Hotel, will be first introduced within Megaworld’s 25-hectare township Newport City in Pasay City.
The 10-story business-class hotel will have 480 rooms and suites ranging from 23 to 33 square meters in size.
The move is part of Megaworld’s plan to become the largest hotel developer in the Philippines by 2020.
This would be the fourth hotel brand to rise in Newport City. Other hotels in Newport City are Resorts World Manila, Marriott Hotel Manila, Maxims Hotel and Remington Hotel, which are currently enjoying an average of at least 85 to 90 percent occupancy rate every month.
Lorenzo Tang, general manager of Newport Belmont Hotel. said the entry of the new hotel is timely given strong occupancy rates in the area.
“The entry of Belmont Hotel in Newport City is a timely opportunity as the existing hotels experience remarkable monthly occupancy rates since they opened a few years ago. We are bringing a new brand to cater to the discerning tastes of business travelers,” Tang said.
Among the hotel’s amenities include podium gardens, a 24-hour fitness center and workout area. There will also be a range of dining and shopping stores at the ground level.
Other hotels in Newport City are Resorts World Manila, Marriott Hotel Manila, Maxims Hotel and Remington Hotel, which are currently enjoying an average of at least 85 to 90 percent occupancy rate every month.
Megaworld and sister company Travellers International Hotel Group are currently building hotels around the country with a total of 12,000 rooms.
In the next five years, both companies will be expanding to an additional 10,000 new hotel rooms, all of which will be in Megaworld’s township developments.
This year alone, Megaworld opened the 12-story, 149-room Richmonde Hotel Iloilo located within the 72-hectare Iloilo Business Park in Mandurriao, Iloilo City. This is the first Richmonde hotel brand outside Metro Manila.
Megaworld and Travellers International have already built 2,049 rooms in its existing hotels.
The opening of Newport Belmont Hotel in October will bring the group’s total hotel rooms in Megaworld townships across the country to 2,500 by the end of the year.