DAVAO CITY — CHMI Land, Inc., the real estate arm of Corporate Holdings Management Inc., is opening its Acacia Hotel Davao by December, the third in its chain after Alabang and Bacolod.

The 260-room Acacia Hotel Davao — renovated from a facility built about five years ago and bought in 2017 by Cosco Capital, Inc.’s Lucio L. Co — is located in the city’s business center and is about 20 minutes away from the Davao International Airport.

“Acacia Hotel Davao is ideally situated in the midst of Davao City’s hustle and bustle, the center of the city’s business hub which is recognized as a booming location for both local and international tourism,” the hotel management said in a statement on Oct. 9.

The hotel’s amenities include the Club Lounge for guests staying in the premier rooms and suites, a cafe and Chinese restaurant, gym and swimming pool with a bar, a ballroom for up to 350 persons, and nine smaller event venues.

Davao City Tourism Office head Regina Rosa D. Tecson told BusinessWorld that the opening of new hotels such as Acacia are an added “promotional material” for attracting more leisure and business visitors.

“New facilities are most welcome because they become part of our marketing strategy,” said Ms. Tecson.

The tourism office is projecting three million visitors this year and local industry players are working together to push the city as a major meetings, incentives, conferences, and exhibitions (MICE) destination. — with a report from Carmelito Q. Francisco