Andrew Tan raises stake in rehabilitated Boracay

Real estate tycoon Andrew Tan is raising his stake in newly-rehabilitated Boracay Island with the opening of the 442-room three-tower Belmont Hotel inside its Boracay Newcoast estate by next month.

The P2.1-billion project of Global-Estate Resorts Inc. (GERI), the leisure estate arm of Megaworld Corp., is the group’s second hotel inside the 150-hectare Boracay Newcoast.  It is located at the sloping area of the estate beside Savoy Hotel Boracay, overlooking the eastern beach of Boracay Island.

The new hotel offers an “exclusive nature experience…as it allows guests to see the island’s panoramic natural scenery from one building to another—from the vast sea to the lush mountains and hills of the island and other nearby islands,” said Raymundo Melendrez, managing director at Luxury Global Hotels and Leisure Inc., the company operating Belmont Hotels, in a press statement on Thursday (July 18).

The new Belmont offers deluxe twin or queen, premiere deluxe, and executive suites, with room areas ranging from 27 square meters to 52 square meters. It also offers rooms for persons with disability (PWDs).

Belmont Hotel is the second homegrown hotel brand introduced by Megaworld Hotels. The first Belmont Hotel opened in Newport City in 2015. Another Belmont Hotel is set to open in Iloilo Business Park by 2023. /TSB