Connect with us

Hi, what are you looking for?


Megaworld to open 20-storey Belmont Hotel Mactan in Q4

PROPERTY developer Megaworld Corp. is set to open a Belmont Hotel inside its 30-hectare Mactan Newtown in Lapu-Lapu City, Cebu, by the fourth quarter (Q4), a company official said on Wednesday.

“Belmont Hotel Mactan will be our third Belmont Hotel property in the country,” Megaworld Hotels & Resorts Managing Director Cleofe C. Albiso said in a statement.

According to the company, this will be the 12th hotel property of Megaworld Hotels & Resorts.

The property is about 15 minutes away from the Mactan-Cebu International Airport, she noted.

The company hopes to offer a “unique opportunity” for families and travelers visiting Cebu for either business or pleasure.

The hotel will have 20 floors and 550 rooms composed of a mix of twin suites, queen suites, junior suites, executive suites, and specially-abled suites.

“All rooms will be fully equipped with essential amenities, in-room electronic safety box, wall-mounted TV, tea and coffee-making facilities, a minibar, and wireless Internet connection,” the company said.

It is located adjacent to the Savoy Hotel Mactan along Newtown Boulevard, within a few minute-walk from Mactan Newtown Beach and the soon-to-rise Mactan Newtown Beach Walk Mall.

“Once opened, we will be the largest hotel operator in the whole of Cebu Province in terms of the number of hotel keys,” Ms. Albiso added.

Belmont Hotel intends to offer an opening room rate of P3,800 per night, which will be inclusive of breakfast for two and access to its facilities.

Megaworld Hotels & Resorts currently has 11 hotel properties under six homegrown brands with around 4,000 hotel keys. These are Richmonde Hotel in Ortigas, Eastwood City, and Iloilo; Belmont Hotels in Newport City and Boracay; Savoy Hotels in Newport City, Boracay, Cebu; Twin Lakes Hotel in Tagaytay; Hotel Lucky Chinatown in Binondo, Manila; and Kingsford Hotel in Parañaque City.

Megaworld has 28 master-planned integrated urban townships, integrated lifestyle communities, and lifestyle estates across the country.

In the first half, Megaworld’s attributable net income rose to P5.88 billion, a 17.5% increase from last year’s P5.01 billion.

The company’s topline climbed by 22.6% to P27.45 billion in the semester, from the P22.4 billion in the same period a year ago in which hotel segments contributed P1.08 billion. — Justine Irish D. Tabile

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



PHILIPPINE STAR/ MICHAEL VARCAS WASHINGTON D.C. — The United States is seeking to form a coalition of countries to drive negotiations on a global...


Buildings are seen along EDSA in Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Diego Gabriel C. Robles  THE WORLD BANK (WB) upgraded...


Heavy traffic is seen on the southbound lane of EDSA in Cubao, Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN THE PHILIPPINE auto industry’s...


REUTERS THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a second off-cycle rate hike in early November when the US Federal Reserve is expected...


Vendors arrange their goods at a public market in Manila. — PHILIPPINE STAR/ RUSSEL A. PALMA THE ASIAN Development Bank (ADB) is planning to...

Editor’s Pick

With the reversal of the 1.25% rise in National Insurance Contributions happening on the 6th of November, employers across the nation have an opportunity...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.