MEGAWORLD Corp. is continuing to expand its homegrown hotel brand, as it revealed plans to open a Belmont Hotel within the Iloilo Business Park in Mandurriao, Iloilo City.
In a statement, Megaworld said the Belmont Hotel Iloilo will be the third hotel in the business park, after Richmonde Hotel and Courtyard by Marriott. It is targeted to open in 2023.
The 12-storey hotel will have 405 suites, targeting tourists attending events at the Iloilo Convention Center which is within walking distance.
“We have seen the huge potential of Iloilo as a tourism destination. With the Iloilo Convention Center as a main facility for Meetings, Incentives, Conventions and Exhibitions (MICE), there is no doubt that Iloilo City needs another world-class hotel. And we are bringing another Megaworld homegrown hotel brand, which has gained popularity among business travelers since Belmont Hotel Manila opened in 2015,” Jennifer Palmares-Fong, vice-president for sales and marketing of Megaworld Iloilo, was quoted as saying in a statement.
In 2017, around 1.08 million local and foreign tourists visited Iloilo City.
Megaworld opened its first Belmont Hotel at Newport City in Pasay City. It is planning to open the second one at Boracay Newcoast next year, while another is being planned at The Mactan Newtown in Lapu-lapu City, Cebu.
Shares in Megaworld went up by five percent or 0.21 centavos to close at P4.41 apiece at the stock exchange on Tuesday. — Vincent Mariel P. Galang
