SM IC signed a contract for P2.8 Billion Hotel in Cebu
More investment brings more jobs and more tourists coming in.
SM Investments Corp. (SMIC), through its Hotel Investment Group, signed a contract with Accor to operate its hotel beside SM City mall at the north reclamation area in Cebu City. Sunstar.com.ph
“We welcome this partnership with Accor to operate Sofitel in Cebu as a major step in SMIC’s bid to invest in the Philippine hotel and tourism business. It excites us to offer no less than a five-star facility in this region, which continues to be the one of the country’s major sources of exports and is a prime tourism
destination for its many beaches, dive spots and other interesting sites,” said Merril Yu, senior vice president of SM’s Hotel Investment Group. ABS-CBNnews.com