ANCHOR Land Holdings Inc. is securing its foothold in the country’s competitive tourism industry by further expanding its hotel portfolio and going into the serviced residences sector.
Copetown Baysuites, seen in this artist’s rendition, will feature serviced residences under the Savea Residences brand, which will be launched in August during Anchor Land Holdings Inc.’s 20th anniversary.
She said the serviced residences sector is just starting to grow, “and we saw a big opportunity to be there. Soon you will see other developers going to the same direction, so we wanted to be there as early as now, and establish own brand right now. These are titled properties and will get a good revenue share.”
Meanwhile, she said, “The first hotel under the Admiral Hospitality Group is Copetown Baysuites. We’re going to have three towers, but it will be hybrid. We’re going to develop our first condotel , five floors, 140 rooms,” Copetown Baysuites is along Macapagal Ave. in Parañaque. Another condotel will be across Roxas Boulevard, “already in the planning stage,” she said, and located at The Panorama. “It will be 550 rooms out of a 1,000-room condominium development. The units sell for at least P50 million to P100 million per unit.”The serviced residence in Boracay Island will have 500 to 600 rooms on a 2-hectare property “focused on wellness,” and located at Station 3, a site known for lower-priced resorts.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FRUITAS HOLDINGS, INC.: 2024 NOTICE OF ANNUAL STOCKHOLDERS’ MEETINGDefining the News
Read more »
FRUITAS HOLDINGS, INC.: NOTICE OF ANNUAL STOCKHOLDERS’ MEETINGDefining the News
Read more »
BJ Mercantile Inc. hands over first Scania sleeper bus in PHL to GV Florida Transport Inc.BJ Mercantile Inc., the exclusive distributor of Scania trucks and buses in the country, recently unveiled the first Scania sleeper bus in the Philippines during the official handover ceremonies to GV Florida Transport Inc. GV Florida Transport Inc.
Read more »
Empire East Land Holdings bags two wins at Real Estate Asia Awards 2024PREMIER residential developer Empire East Land Holdings Inc. brought home two accolades at the coveted Real Estate Asia Awards 2024 for enhancing the real estate experience for its customers through a holistic and sustainable approach to digitalization.
Read more »
Ayala Land buys out Aboitiz stake in Cebu JVAYALA Land Inc. (ALI) said Tuesday that it was buying the shares of Aboitiz Equity Ventures Inc. (AEV) and Aboitiz Land Inc. (AboitizLand) in Cebu District Property Enterprise Inc. (CDPEI), their joint venture company in Cebu.
Read more »
Greenergy caps investment in RE unit after SEC nodListed Greenergy Holdings Inc. has completed its P480-million investment into subsidiary Winsun Green Ventures Inc. following regulatory approval on the latter’s capital stock hike.
Read more »