Investors plan more resort, hotel rooms
With the continued confidence in the tourism industry in the whole country especially in Cebu, property developers and managers announced their plans to build more properties to add more room capacity this year.
Quantuvis executive Alfred Reyes said the firm planned to build six more hotels and resorts in the country within two years.
“These properties will likely have about 75 to 200 rooms each, which we are targeting to develop and finish in two years,” Reyes told Cebu Daily News on Friday.
Quantuvis, which developed Oakwood Premier Joy-Nostalg Center in Manila, will develop three projects in Cebu this year.
Reyes said a business hotel project would soon rise near the Cebu Business Park.
“This property will have about 150 to 200 rooms. We’ll start building soon and have the property ready before Sinulog of 2013,” he said.
Reyes said the company allocated P500,000 to P1 million for the business hotel project.
The other two projects will be in the reclamation area and in Mactan island.
“Our Cebu property will have conference room facilities to cater to the MICE market which is what Cebu is trying to get a share of,” Reyes said.
Another property developer Genesis Hotels and Resorts Corp. is also looking for local partners for possible projects in Cebu.
The firm had no property in Cebu but they were open for opportunities here, said John A. Tanjangco, Genesis Hotels and Resorts Corp. assistant vice president for marketing.
“We are very interested in Cebu and open for a partnership with anyone who would want us to manage their properties for them,” Tanjangco said.
“In Cebu there are a lot of opportunities for a business hotel, a resort property or even a budget hotel,” he said.
The firm. manages seven hotels and resorts around the country including Astoria Plaza in Manila.
“Our properties are located in the most unusual places and we are bringing more marketing efforts here to strengthen our presence in Cebu which is a hub and has access to direct international flights,” Tanjangco said
He said the firm would open a property in Bohol Province in September and two more properties in Cagayan de Oro.
