Megaworld to spend P8-B for 5 luxury hotels in Mactan

Posted at 05/08/14 2:36 PM

MANILA, Philippines – Megaworld Corp. on Thursday said it is spending P8 billion to build and develop five luxury hotels at ita 28.8-hectare township development in Mactan, Cebu.

The Andrew Tan-led property firm said the new hotels will provide an additional 2,000 hotel rooms at The Mactan Newtown in Lapu, Lapu City.

Within five years, high-rise hotels Mactan Belmont Luxury Hotel and the Savoy Hotel Mactan Newtown will open along Newtown Boulevard of the township.

Two beachfront hotels, which will be built in the area formerly occupied by Portofino Beach Resort, and a luxury hotel from an international brand are also expected to rise in the township project.

“With the influx of more tourists to Mactan Island year after year, we hope to be able to offer more exciting facilities that will help further boost tourism in the region. Aside from local tourists, we hope to cater to foreign guests and visitors to The Mactan Newtown as well,” said Carmen Fernando, managing director of Prestige Hotels and Resorts Inc.

Prestige is the operator of Mactan Belmont Luxury Hotel and Savoy Hotel Mactan Newtown.

A three-storey mall, Plaza Magellan, is also being built by Megaworld in the area.

The mall will house a life-sized replica of the Spanish Galleon Victoria, the first vessel that circumnavigated the globe used by Magellan and his men, and a museum.

“Plaza Magellan will be an iconic landmark not just for The Mactan Newtown, but also for the entire Central Visayas region, and the Philippines as a whole. We are already coordinating with the National Historical Commission of the Philippines (NHCP) on how we can integrate this landmark to Mactan Shrine. We are also committed to help the government in the rehabilitation and improvement of the historic national shrine,” Megaworld Cebu Properties Inc. president Noli Hernandez said.

Aside from the mall and the hotels, Megaworld is also building “hawker” food strip and the Newtown School of Excellence.

“We envision The Mactan Newtown as a major tourism hub of Cebu. The township is designed to be tourist-friendly, and our various offerings will also cater to the needs of the visitors of the island,” Hernandez added.

Megaworld earlier said it is increasing its investment for the township development to P30 billion in the next five to seven years.