The PR & Events Circuit

MAKATI CITY, Philippines, April 27, 2015– Megaworld, the country’s leader and pioneer in developing integrated urban townships, is opening two new hotels this year in its two townships in Metro Manila and Iloilo. Two new hotels to offer 631 rooms in Newport City and Iloilo Business Park Richmonde Hotel Iloilo, which will occupy eight levels of the 12-storey Richmonde Tower in the 72-hectare Iloilo Business Park in Mandurriao, Iloilo City, is set to open in June this year. The business hotel will be the first Richmonde Hotel outside of Metro Manila and will have 151 guest rooms. 

MANILA, Philippines, April 7, 2015 – Just a year after its majority acquisition by Megaworld, Global-Estate Resorts Inc. (GERI), the Philippines’ leading tourism estate developer, posted a 151% growth in its net income last year from P341 million in 2013 to P857 million (inclusive of P377 million non-recurring gain) in 2014. Without non-recurring gain, its net income rose to P480 million, a 41% increase year-on-year and almost double growth than in 2012 when its net income was P264 million. Also known as the “Spine Road,” the Iloilo International Avenue at the Santa Barbara Heights will feature a 6-lane super highway lined with bicycle lanes and top-tier commercial establishments on both sides. Total revenues of GERI in 2014 almost doubled last year – from P1.71 billion in 2013 to P3.36 billion in 2014, or around 97% growth year-on-year.

Property giant Megaworld , the country’s leading developer of integrated urban townships and the no. 1 business process outsourcing (BPO) office landlord and developer, is allocating P285.8-billion for its 5-year capital spending program until 2019 to develop its various townships all over the country. The new capital expenditure (CAPEX) is a new adjustment to capital spending as it supersedes the five-year CAPEX of P230-billion that was announced last year. ILOILO BUSINESS PARK  The property giant will spend P65B for 2015 for new residential, office, retail and hotel developments across townships “We have adjusted our capital spending to pave the way for the expansion of offerings in our existing townships and for the new additional township projects that we recently announced,” says Francisco Canuto, senior vice president and corporate information officer, Megaworld.

Savor and enjoy traditional dim sum at The Promenade at Days Hotel Iloilo with DIMSUM AFTERNOON TEA . Take your pick from more than 30 food offerings ranging from dimsum favorites like sio mai, sio pao, chicken feet and spare ribs to assorted noodle treats like Wanton and Asado noodles. cap it off with cool desserts like mango sago, almond jelly with lychee and black gulaman. Served with complimentary house tea every weekdays from 2pm-5pm. For reservations please call (033) 3373297.