CEBU Landmasters, Inc. (CLI) is partnering with International Builders Corp. (IBC) to develop a P1.5-billion condominium project in Iloilo City. The listed Cebu-based property developer told the stock exchange yesterday it forged a joint venture agreement with IBC Chairman Alfonso G. Tan to build a residential tower in downtown Iloilo. CLI will manage and own 50% of the high-rise building, w...
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BOULEVARD Holdings, Inc. (BHI) has forged a partnership with Revolution Precrafted, Inc. to build a resort and residential complex in Ternate, Cavite. In a statement Monday, start-up Revolution Precrafted said it inked a development and sales contract with BHI for the project. Under the deal, an integrated resort and residential complex will be built on a 13-hectare lot within the Puerto Azu...
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DAVAO CITY — Tycoon Lucio L. Co plans to have more Acacia Hotels nationwide after opening the third branch here last week, as his company seeks to take advantage of growing tourism to the Philippines. “I am not a hotelier, isa po akong sari-sari store owner (I am a retail store owner)… but I know when I get the best service and accommodation in a hotel,” Mr. C...
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CEBU, Philippines — The 20-hectare seaside township development Mandani Bay builds fully-furnished residential condominiums to keep up with the rising demand for “ready-made” and sophisticated residential condos in Cebu. Mandani Bay development company HTLand, Inc., launched its 36-storey residential tower called Mandani Bay Quay, to complete its phase 2 component. HTLand,...
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CAPITALAND and subsidiary The Ascott Limited is bringing the serviced residence concept to Iloilo City with the opening of the Citadines Amigo. Citadines Amigo Iloilo, the first international serviced residence in the city, is hoping to attract travellers and long-staying businessmen. It has 121 rooms, a fitness center, function rooms, swimming pool, and all- day dining restaurant. “We...
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CEBU, Philippines — Property giant Megaworld Corporation opened its first hotel facility in Cebu, the 547-room Savoy Hotel Mactan Newtown, in Lapu-Lapu City. The 18-storey hotel located within the 30-hectare Mactan Newtown is the first hotel to open inside the township. Savoy Hotel Mactan Newtown is so far the biggest hotel in terms of number of rooms in Mactan Island and the second bi...
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