Megaworld to open two new hotels this year

Megaworld, the country’s leader and pioneer in developing integrated urban townships, is opening two new hotels this year in its two townships in Metro Manila and Iloilo.

Richmonde Hotel Iloilo, which will occupy eight levels of the 12-storey Richmonde Tower in the 72-hectare Iloilo Business Park in Mandurriao, Iloilo City, is set to open in June this year. The business hotel will be the first Richmonde Hotel outside of Metro Manila and will have 151 guest rooms.

It will house a restaurant and deli, function rooms, business center, fitness gym as well as a lap pool with its own pool bar.

Megaworld has commissioned world-renowned architectural firm Gettys to design the hotel’s façade, grand lobby, restaurant and guest rooms. Gettys took inspiration from the city’s rich agricultural roots for the hotel’s design concept.

The same firm has designed some of the world’s prestigious hotels such as The Peninsula Hong Kong; Hyatt Regency in Cancun, Mexico; Jumeirah Beach Hotel in Dubai; The Ritz-Carlton in Miami, Florida; Four Seasons Hotel in Chicago; Westin Golf & Spa Resort in Abu Dhabi; Shangri-La Hotel in Beihai, China; and Hard Rock Hotel in Macau, among others.

By second half of the year, another hotel will open in the 25-hectare Newport City, the country’s first 24/7 integrated leisure and entertainment township that is home to the famous Resorts World Manila.

The Belmont Luxury Hotel Newport, just right in front of the new Marriott Grand Ballroom and a walking distance from Resorts World Manila, will stand 10-storeys high with 480 well-designed suites.

The hotel boasts of first class amenities that include pocket gardens and landscaped atrium, 24-hour fitness center and workout area, lap pool with in-water pool lounge, paved sunbathing lounge, massage deck and seating area, pool spa, steam and sauna as well as its own medical clinic.

The hotel will also have its own coffee shop and bar and some retail shops at the ground level.

Last year, Megaworld chairman Dr. Andrew L. Tan announced that the real estate giant along with its sister company Travellers International Hotel Group will be 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.

At present, both Megaworld and Travellers International have already built 1,900 rooms in its existing hotels: Richmonde Hotel Ortigas; Eastwood Richmonde Hotel; Marriott Hotel Manila, Maxims Hotel and Remington Hotel in Newport City; and Fairways and Bluewater in Boracay Newcoast.

Megaworld to open two new hotels this year

Megaworld, the country’s leader and pioneer in developing integrated urban townships, is opening two new hotels this year in its two townships in Metro Manila and Iloilo.

Richmonde Hotel Iloilo, which will occupy eight levels of the 12-storey Richmonde Tower in the 72-hectare Iloilo Business Park in Mandurriao, Iloilo City, is set to open in June this year. The business hotel will be the first Richmonde Hotel outside of Metro Manila and will have 151 guest rooms.

It will house a restaurant and deli, function rooms, business center, fitness gym as well as a lap pool with its own pool bar.

Megaworld has commissioned world-renowned architectural firm Gettys to design the hotel’s façade, grand lobby, restaurant and guest rooms. Gettys took inspiration from the city’s rich agricultural roots for the hotel’s design concept.

The same firm has designed some of the world’s prestigious hotels such as The Peninsula Hong Kong; Hyatt Regency in Cancun, Mexico; Jumeirah Beach Hotel in Dubai; The Ritz-Carlton in Miami, Florida; Four Seasons Hotel in Chicago; Westin Golf & Spa Resort in Abu Dhabi; Shangri-La Hotel in Beihai, China; and Hard Rock Hotel in Macau, among others.

By second half of the year, another hotel will open in the 25-hectare Newport City, the country’s first 24/7 integrated leisure and entertainment township that is home to the famous Resorts World Manila.

The Belmont Luxury Hotel Newport, just right in front of the new Marriott Grand Ballroom and a walking distance from Resorts World Manila, will stand 10-storeys high with 480 well-designed suites.

The hotel boasts of first class amenities that include pocket gardens and landscaped atrium, 24-hour fitness center and workout area, lap pool with in-water pool lounge, paved sunbathing lounge, massage deck and seating area, pool spa, steam and sauna as well as its own medical clinic.

The hotel will also have its own coffee shop and bar and some retail shops at the ground level.

Last year, Megaworld chairman Dr. Andrew L. Tan announced that the real estate giant along with its sister company Travellers International Hotel Group will be 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.

At present, both Megaworld and Travellers International have already built 1,900 rooms in its existing hotels: Richmonde Hotel Ortigas; Eastwood Richmonde Hotel; Marriott Hotel Manila, Maxims Hotel and Remington Hotel in Newport City; and Fairways and Bluewater in Boracay Newcoast.

Megaworld to open two new hotels this year

Megaworld, the country’s leader and pioneer in developing integrated urban townships, is opening two new hotels this year in its two townships in Metro Manila and Iloilo.

Richmonde Hotel Iloilo, which will occupy eight levels of the 12-storey Richmonde Tower in the 72-hectare Iloilo Business Park in Mandurriao, Iloilo City, is set to open in June this year. The business hotel will be the first Richmonde Hotel outside of Metro Manila and will have 151 guest rooms.

It will house a restaurant and deli, function rooms, business center, fitness gym as well as a lap pool with its own pool bar.

Megaworld has commissioned world-renowned architectural firm Gettys to design the hotel’s façade, grand lobby, restaurant and guest rooms. Gettys took inspiration from the city’s rich agricultural roots for the hotel’s design concept.

The same firm has designed some of the world’s prestigious hotels such as The Peninsula Hong Kong; Hyatt Regency in Cancun, Mexico; Jumeirah Beach Hotel in Dubai; The Ritz-Carlton in Miami, Florida; Four Seasons Hotel in Chicago; Westin Golf & Spa Resort in Abu Dhabi; Shangri-La Hotel in Beihai, China; and Hard Rock Hotel in Macau, among others.

By second half of the year, another hotel will open in the 25-hectare Newport City, the country’s first 24/7 integrated leisure and entertainment township that is home to the famous Resorts World Manila.

The Belmont Luxury Hotel Newport, just right in front of the new Marriott Grand Ballroom and a walking distance from Resorts World Manila, will stand 10-storeys high with 480 well-designed suites.

The hotel boasts of first class amenities that include pocket gardens and landscaped atrium, 24-hour fitness center and workout area, lap pool with in-water pool lounge, paved sunbathing lounge, massage deck and seating area, pool spa, steam and sauna as well as its own medical clinic.

The hotel will also have its own coffee shop and bar and some retail shops at the ground level.

Last year, Megaworld chairman Dr. Andrew L. Tan announced that the real estate giant along with its sister company Travellers International Hotel Group will be 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.

At present, both Megaworld and Travellers International have already built 1,900 rooms in its existing hotels: Richmonde Hotel Ortigas; Eastwood Richmonde Hotel; Marriott Hotel Manila, Maxims Hotel and Remington Hotel in Newport City; and Fairways and Bluewater in Boracay Newcoast.

Megaworld 2014 net income soars 139% to P21.6-billion

Megaworld, the Philippines’ leading integrated urban township developer and biggest office developer and landlord, posted a net income of P21.6-billion (inclusive of P12.1-billion non-recurring gain) in 2014, 139% higher than in 2013. Without non-recurring gain, net income went up by 14% to P9.4-billion last year – reflecting an 18% annual growth since 2009 when net income was P4-billion, or more than double in a span of only five years.

Consolidated revenues, excluding non-recurring gain, rose by 15% to P41-billion with real estate sales increasing by 16% year-on-year to P24.6-billion and rental income growing by 17% to P7-billion.

“Last year was a milestone for us. With Megaworld celebrating its 25th anniversary, we raked in record earnings and managed to grow our land bank to over 4,000 hectares. Our income growth last year was driven by both real estate sales and rental income. We have a more diversified real estate sales mix that is propelled by our integrated urban township developments in Metro Manila, Cebu and Iloilo as well as tourism-related projects in Tagaytay and Boracay,” said Dr. Andrew L. Tan, chairman and CEO, Megaworld.

“In the meantime, our rental income is growing in line with our expectations. Continued growth in our office and mall leasable space will provide the catalyst for exceeding P10-billion in rental income in 2016. Last year also saw the consolidation of Global-Estate Resorts, Inc. (GERI), Empire East Land Holdings, Inc. (ELI) and Suntrust Properties, Inc. (SPI) under Megaworld. This enabled us to strengthen our land bank nationwide,” he added.

“We expect to maintain similar growth momentum generated in the past, achieving a double-digit net income growth every year on the back of a stronger and bigger township portfolio,” he also noted.

Five townships that were launched last year and another five townships to be launched this year will increase the company’s township developments to 20 by the end of 2015.

Last year, the company launched the following townships: Woodside City in Pasig City (12.3 hectares); Southwoods City in the boundaries of Cavite and Laguna (561 hectares); Davao Park District in Lanang, Davao City (11 hectares); Alabang West in Las Pinas City (62 hectares) and Suntrust Ecotown in Tanza, Cavite (350 hectares).

Just last week, the company announced two of the five township developments lined up for this year: The Upper East (34 hectares) and Northill Gateway (50 hectares), both in Negros Occidental.

Megaworld’s pioneering “LIVE-WORK-PLAY-LEARN” concept for integrated mixed-use communities, or commonly known as townships in the Philippines, has enabled the company to complete 342 buildings with a total area of 6.4 million square meters over the past 25 years.

Property tycoon Andrew Tan takes the “ALS Ice Bucket Challenge”

Heeding the worldwide call to raise funds in the fight against ALS (Amyotrophic Lateral Sclerosis), or commonly known as Lou Gehrig’s Disease, Megaworld chair Dr. Andrew L. Tan becomes the first Filipino tycoon to take part in the Ice Bucket Challenge phenomenon that aims to spread ALS awareness around the world.

Dr. Tan’s participation in the challenge was proactive and voluntary on his part.

“I support the important cause of the ALS Association to promote awareness about Lou Gehrig’s Disease that is a threat to humanity. That is why I’m here to take this Ice Bucket Challenge, and at the same time, I will make a donation to the movement,” he said on video recorded in his house on August 25.

As a tradition to the ALS Ice Bucket Challenge, Dr. Tan nominates three personalities from the business community to do the same: Dr. Steven DeKrey, president of Asian Institute of Management; Mr. Manolito Tayag, country head of Accenture Philippines; and Kenneth Yang, president of Golden Arches Development Corporation (McDonald’s Philippines).

Dr. Tan is the chairman and CEO of Megaworld, one of the Philippines’ largest real estate developers and the country’s leader in business process outsourcing (BPO) office developments.