Tanchan Group signs deal with Marriott International
Marriott International (NASDAQ: MAR) recently announced the signing of the new 251-room Courtyard by Marriott Cebu, in the Philippines.
Construction of the new property is expected to begin in late 2018, for a projected completion date by second quarter of 2021.
The new Courtyard by Marriott Cebu will be owned and operated by Intercontinental Resort and Lifestyle Inc., a subsidiary of Cebu’s Tanchan Corporate Group. This will be the second Courtyard by Marriott-branded hotel in the Philippines after the Courtyard Iloilo, slated for opening in May 2018.
“We are delighted to be partnering with Intercontinental Resort and Lifestyle Inc., which is part of Cebu’s highly-respected Tanchan Corporate Group, in bringing the Courtyard by Marriott brand to Cebu City,” said Paul Foskey, Chief Development Officer, Asia Pacific, Marriott International.
“Marriott International is no stranger to the exciting corporate and tourism hub of Cebu, having had a successful presence here in the previous two decades. Now, the signing of Courtyard by Marriott Cebu marks an exciting new chapter for us in expanding our presence in The Philippines, adding to our robust pipeline, as we anticipate the needs and expectations of the next generation of trailblazing business leaders and travelers whose work and life are fueled by their passions, and who are always moving forward in pursuing their personal and professional successes.”
The new Courtyard by Marriott Cebu will be strategically located in downtown Cebu City, approximately 14 kilometers from Mactan-Cebu International airport. The hotel will be part of a new, 31-storey mixeduse property with upscale retail and residential facilities, and will have easy accessibility to major corporate demand generators such as business process outsourcing (BPO) services, banks and other companies located in and around Cebu Business Park, Cebu IT Park, Ayala Mall and SM City Cebu.
“We are thrilled to be partnering with Marriott International to bring the Courtyard by Marriott to Cebu,” said Giovanni Carlo Tanchan Ong, in behalf of the shareholders of Intercontinental Resort and Lifestyle Inc.
“In this project, we are combining our decades of experience in the Philippine market with the prestige and global brand recognition of the Marriott International name to offer business travelers to Cebu a hotel like no other. We are excited to be bringing the Courtyard by Marriott brand name to Cebu because of its stellar international reputation as being an established brand that’s fueled by passion.”
The Courtyard by Marriott Cebu will showcase the brand’s signature modern-classic interior design, with spaces and amenities that allow for interaction, collaboration and exploration. Guests will enjoy spacious, wellappointed guestrooms and suites, a 24/7 fitness center and seamless, intuitive technology throughout the hotel, complemented by an elevated level of service that reflects the legendary Courtyard by Marriott service philosophy.
The new Courtyard by Marriott Cebu will feature a 400-square-meter Ballroom, as well as two multi-purpose meeting rooms complete with state-of-theart facilities to cater for casual and formal events, functions and business meetings.
The hotel is slated to open in 2021 in time to celebrate the 500th anniversary of discovery of Cebu by Ferdinand Magellan.