DAVAO City-based Felcris Hotels and Resorts Corp. is planning to build a hotel and convention center with an estimated budget of P1.2 billion.

Felcris President Clark Lawton S. Yap, in an interview on the sidelines of a recent launching event for a condominium project, said the hotel and convention center will be located at its 5.9-hectare Felcris Centrale complex along the city’s coast.

The complex currently has a shopping mall and office building that caters mainly to business process outsourcing firms.

Mr. Yap said they are now “on the design stage” of the project and targeting to have it completed by April 2022.

The plan, he said, is a 16-floor building with 280 guest rooms.

Felcris Hotels and Resorts, which operates a hotel in La Union, will be managing the facility.

“We did talk to (international hotel management companies), however, they are demanding a large amount (as management fees),” he said.

The company is part of the Felcris group, whose ventures include supermarkets, department stores, and convenience stores, and is the franchisee of Figaro Coffee Co. — Carmelito Q. Francisco