Filinvest Land partners with global hotel chain

Jun 10, 09 | 1:53 am

By Ehda M. Dagooc

CEBU, Philippines - Filinvest Land Incorporated partners with international hotel chain Aston Hotels & Resorts for the management of its condotel and resort businesses in Cebu in the next few years.

If the deal will materialize, it will be the first hotel and resorts that will be managed by the international chain in the Philippines, said Filinvest vice president for Visayas and Mindanao operations Tristan Las Marias.

For over 60 years, Aston Hotels & Resorts has been a leading provider of hotels, condominium resorts, villas and cottages specifically in Hawaii, and other countries like Indonesia, Darlington, among others.

Filinvest will be opening its triple-A resort village by the end of this year, and targets to start its condotel operation of Grand Cenia Condominiums by first quarter of 2011.

In a press conference, Las Marias said that the company's partnership with Aston Hotels and Resorts will solely be management deal, and that names of both properties the Grand Cenia and Seascapes will be retained.

Aside from its investments in residential projects in Cebu, the Gotianun-led real estate giant is spending P5.5 billion only for the two projects, the Grand Cenia Condotel and the Seascapes Resort village on Mactan Island.

The company has earmarked P4 billion for the development of high-end Seascapes, which will provide 280 casitas to add the resort accommodation facilities of Cebu, and exclusive residential or vacation homes.

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Source: philstar.com