Megaworld to build Savoy hotels in the Philippines
Rosa Ocampo, Manila, September 25, 2012
MEGAWORLD Corp, a real estate company in the Philippines, will build two three-star Savoy hotels in Manila and Boracay, which are expected to open in 2016.
Savoy Hotel Newport City, a stone’s throw away from Resorts World Manila and Ninoy Aquino International Airport’s three terminals, will be a 10-storey structure with 510 rooms, while Savoy Hotel Boracay Newcoast is designed as a beach hotel with more than 500 rooms.
Both hotels will be managed by a Megaworld affiliate which owns Richmonde Hotels, according to the company. Richmonde has two existing three-star hotels in Manila.