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AFTER completing its expansion project for SM City Cebu, the real estate development arm of the SM Group is now bent on completing its first hotel venture in Cebu next year and has earmarked P1.5 billion for the interior works and finishing works.

Hans Sy, president of SM Prime Holdings Inc. (SMPHI), said the company’s total capital investment for Sofitel Hotel is estimated at P2.5 billion, where an additional P1.5 billion will be allotted for interior works and finishing touches and not for repairs as relayed by past controversies. More…

This entry was posted on Thursday, December 6th, 2007 at 10:01 am and is filed under Cebu Hotels, General Interest, Main. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.