Megaworld to open 6 new hotels in 2026

Listed property developer Megaworld Corp. targets to open six new hotel properties across the country to add close to 2,000 hotel rooms to its business portfolio within the next three years, as it seeks to reach 9,000 hotel rooms by 2029.

Megaworld said the six hotels include ArcoVia Hotel at ArcoVia City in Pasig City; Savor Capital Town at Capital Town in San Fernando, Pampanga; The Hamptons Hotel at The Hamptons Caliraya in Cavinti, Laguna; Paragua Sands Hotel and Savoy Hotel Palawan at Paragua Coastown in San Vicente, Palawan; and The Kingsfort at The Upper East in Bacolod City.

The hotels will be managed and operated by its hospitality arm Megaworld Hotels & Resorts.

“Our goal is to have more than 20 hotels and about 9,000 hotel rooms when we reach our 40th year within the next three years,” Megaworld president and chief executive officer Lourdes Gutierrez-Alfonso said in an emailed statement.

“This will further help us unlock big opportunities and continue supporting tourism as a major catalyst of development and economic growth across the country,” she added.

Megaworld has earmarked P65 billion for its capital spending this year, mainly for its land acquisition, land banking, and the development of existing projects as it is set to launch 19 ressidential projects. —AOL, GMA News