Savoy Hotel to open this week
MEGAWORLD CORP. is set to open Savoy Hotel Manila within its Pasay City township this week, adding 684 rooms to the company’s hospitality portfolio.
In a statement issued over the weekend, the listed property developer said it will start operations of Savoy Hotel Manila inside Newport City on June 28. The hotel is located across the Ninoy Aquino International Airport (NAIA) Terminal 3, and is within the same township that hosts integrated resort and casino Resorts World Manila.
The hotel’s standard rooms range from 23 to 27 square meters (sq.m.) in size, while executive suites are from 35 to 50 sq.m. for executive suites.
Savoy Hotel Manila will feature the Squares, or co-working spaces located on various guest floors that will be open 24 hours a day. It also has three food and beverage outlets, namely the Savoy Cafe which features Asian and Western cuisines, the Zabana Bar intended for cocktails and drinks, and the Poolside.
Guests staying in the executive suite rooms will have access to the Connect Lounge, an exclusive lounge that will serve as an extension for Savoy Cafe.
The hotel offers roundtrip airport transfers, complimentary daily supply of newspapers, pool and gym access, and laundry services for guests, among others.
“From businessmen who need a venue for meetings, travelers who want to spend the night beside the airport terminal, to families who want to enjoy staycation together, the hotel is a perfect venue for a different hotel experience beside NAIA Terminal 3 and within the 24/ 7 leisure and entertainment complex of Newport City,” Savoy Hotel Manila General Manager Lorenzo Tang said in a statement.
Savoy Hotel Manila is the second hotel carrying the company’s homegrown brand. The first Savoy Hotel is located inside Boracay Newcoast, its 150-hectare tourism estate in Boracay Island. Megaworld in 2016 said it is spending P5 billion to build three Savoy hotels. The third one will offer 547 rooms, and is currently being built in the 20-hectare Mactan Newtown township in Lapu- Lapu City, Cebu.
This year, the company has committed to launch P80 billion worth of residential projects, in a bid to take advantage of the growing demand from both local and foreign buyers. With this, Megaworld expects to hit P110 billion in reservation sales in 2018.
Megaworld will be spending P60 billion in capital expenditures this year to support this target, with around P10 billion already rolled out during the first quarter of the year.
The property firm of tycoon Andrew L. Tan booked an 11% increase in attributable profit to P3.2 billion during the first three months of 2018, following an 11% uptick in revenues to P13.1 billion.