MEGAWORLD Corp. is opening its P2.1-billion Belmont Hotel in the newly renovated Boracay Island next month, as it continues to expand its footprint in the hospitality sector.
In a statement Thursday, the listed property developer said the hotel project undertaken by its subsidiary Global-Estate Resorts, Inc. (GERI) will feature three towers housing 442 rooms.
The hotel is located inside Boracay Newcoast, GERI’s 150-hectare integrated leisure and tourism estate in the northern part of the island.
Amenities include a swimming pool with in-pool lounge, Aqua Spa, courtyard, landscaped gardens, fitness center with shower and changing rooms, business center, function halls, meeting rooms, a 24-hour in-room dining service, and complimentary shuttle services.
It will also house two food and beverage outlets, namely the Zabana Pool Bar located at the second level deck, and the Trellis Garden on the landscaped deck which connects two of the hotel’s towers.
“Our second hotel under the Belmont brand will offer an exclusive nature experience in the paradise island of Boracay, as it allows guests to see the island’s panoramic natural scenery from one building to another,” Luxury Global Hotels and Leisure, Inc. Managing Director Raymundo Melendres said in a statement.
Luxury Global operates Belmont Hotels under the Megaworld Hotels Group.
Megaworld first opened a Belmont Hotel in its Newport City township in Pasay City in 2015. Following Boracay Newcoast, the company will also open a Belmont Hotel in Iloilo Business Park in Mandurriao, Iloilo in 2023.
“Our continuing thrust to help boost tourism in the country is even gaining more momentum as we open more hotels across our tourism townships,” GERI President Monica T. Salomon said in a statement.
The company also has four other homegrown brands aside from Belmont Hotel, namely Richmonde Hotels, Savoy Hotels, Twin Lakes Hotel, and Hotel Lucky Chinatown, bringing its total room count close to 3,000.
It will also unveil new homegrown brands in Parañaque, Bacolod, Iloilo, Boracay, and Laguna in the next five years.
Megaworld’s hotel business grew 56% to P574 million in the first quarter of 2019. Overall, the company’s attributable profit was up 16% to P3.8 billion, driven by a 15% increase in consolidated revenues to P14.9 billion.
Shares in Megaworld were unchanged at P6.25 each at the stock exchange on Thursday. — Arra B. Francia