Global-Estate Resorts, Inc. (GERI) is on track to open the P1.5-billion Twin Lakes Hotel in Tagaytay by the end of this year, it said on Thursday.
The listed leisure and tourism estate developer said in a statement that Twin Lakes Hotel will be operated by Global One Hotels Group, the owner and operator of sister firm Megaworld Corp.’s homegrown Belmont and Savoy hotel brands.
Twin Lakes Hotel will rise within GERI’s 1,200-hectare development called Twin Lakes in Laurel, Batangas. It stands eight stories tall and will offer 126 rooms sized up to 72 square meters.
The hotel will have an all-day dining restaurant which will give guests a view of Taal Lake, an in-house Wellness Spa, infinity pool, and a grand ballroom that can host up to 500 people.
Amenities include a business center, boardroom, meeting rooms, game room, pool deck, kiddie pool, and an outdoor lounge.
GERI is spending P4.5 billion over the next four years to continue the development of projects inside Twin Lakes. Since 2012, the company has spent P2.5 billion in the tourism estate, for a total expenditure of P7 billion in a span of 10 years.
Three residential condominiums have already been launched in Twin Lakes, namely The Vineyard, The Manor at Twin Lakes, and The Beldevere. There are also two residential villages within the estate called Domaine Le Jardin and Lucerne, offering a total of 838 lots. — Arra B. Francia