TWO HOTELS, one in Legazpi City and the other in Cebu City, have been approved by the Board of Investments (BoI) for inclusion in the 2017 Investment Priorities Plan (IPP), giving project proponents access to incentives. The projects, both endorsed by the Department of Tourism, are Yello! Hotel in Cebu of Gothong Southern Properties, Inc., and the The Marison Hotel of Legazpi Meil Li, Inc. “These hotels will cater to both local and foreign tourists coming to Cebu and the rest of Central Visayas as with Legazpi City and the Bicol Region. These will fuel the robust economies of Cebu and Bicol as developers partake a slice of the areas’ huge tourist markets,” Trade Undersecretary and BoI Managing Head Ceferino S. Rodolfo said in a statement. Gothong Southern Properties is investing P392.7 million for the 192-room, two-star hotel at Cebu’s Lahug district, which is planned for opening by Jan. 2019. Yello! will also have function rooms and other amenities such as a swimming pool. The Marison Hotel, on the other hand, will have about 117 rooms and commercial spaces on the ground floor. Legazpi Meil Li is putting in P35 million for the three-floor tourism facility.

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