DAVAO CITY — Dusit Thani Residence Davao, one of the three high-end projects of Torre Lorenzo Development Corporation (TLDC) and Thai hotel chain Dusit International in the Davao Region, will be ready for opening and partial turnover by the third quarter this year.

“Meaning units for turnover are scheduled by floor, thus we will open the units based on schedule,” TLDC Chief Operating Officer Maria Lalaine L. Regino told BusinessWorld in an e-mail interview.

The serviced residential building has 174 studios and units with one to three bedrooms.

The Dusit Thani Residence is adjacent to the 120-room dusitD2 Davao hotel, which opened last March 31.

Ms. Regino said they are positioning the twin properties as the most upscale hotel and residential facilities in Davao City.

Meanwhile, the first phase of the Lubi Plantation high-end resort in Kopiat Island, Compostela Valley has been completed.

Ms. Regino said this includes the Tamsi Hall — an events place with a 160-person capacity in theater-style set-up, the Tarictic Grill restaurant, swimming pool, kids’ playground, and beach club rooms.

“The Beach Club is already accepting day tours, and is open for special event bookings,” she said.

The 37-hectare master-planned resort will also have a Dusit Thani Resort Hotel.

For other projects, Ms. Regino said TLDC is developing its Premium University Residences along P. Ocampo Street in Manila and in Loyola Heights, Quezon City as well as the Premium Lifestyle Residences, including Torre Lorenzo Malate in Manila, Tierra Lorenzo Lipa in Batangas, and Tierra Lorenzo San Fernando in Pampanga. — Maya M. Padillo