MANILA, Philippines—Gokongwei-led Robinsons Land Corp. is set to build a 200-room deluxe seafront hotel in Mactan, Cebu, raising its stake in tourism in the country’s largest commercial hub outside Metro Manila.
At Friday’s listing on the Philippine Stock Exchange of P13.65 billion worth of shares recently sold through a stock rights offering, RLC president Frederick Go told reporters the new hotel would be called “Summit Shores” and shall cater to both leisure and convention tourism.
The new hotel is now in the planning stage and expected to begin construction this year. It shall occupy two hectares out of RLC’s five-hectare leisure estate development Amisa in Mactan and shall be located along the same row as the plush Shangri-La and Movenpick Resort & Spa (formerly Hilton) in the island resort Mactan.