In line with the tourism sector’s thrust of providing globally competitive hotel accommodations to the increasing number of foreign tourists in Cebu, a newly built hotel with 72 rooms opened along Escario Street.

Targeting to capture a bulk of both foreign as well as domestic transient tourists, The Maxwell Hotel is the first hotel industry venture of owner Maxwell G. Ahyong and his family, which has long been into the real estate business.

The Maxwell Hotel aims to provide a convenient accommodation within the heart of the city, said its Marketing Supervisor Chit L. Limcolioc in an exclusive interview. More…

MICROTEL Inn and Suites, the rapidly expanding chain of all newconstruction limited service hotels, strengthens its presence in the Philippines with the soft opening of its eighth hotel in June 2008 in one of the country’s premier tourist destinations – Mactan, Cebu.

Microtel Inn and Suites Mactan will be the biggest Microtel worldwide with 161 rooms. It is situated in a prime beachfront property in Punta Engaño, Mactan Island, Lapu-lapu City. SunStar

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…

The room shortage problem in Cebu is slowly easing as a new hotel in Lapu-Lapu City will become fully operational early next month.

Real estate developer Sta. Lucia Realty Development Inc. inaugurated last Sunday its newest addition to the Vista Mar estate in Barangay Dapdap, Lapu-Lapu City–the SotoGrande Hotel and Resort.

The nine-story Soto-Grande, located a few meters behind the Vista Mar Beach Resort and Country Club, houses not only hotel rooms but residential condominium units as well. SunStar

Gokongwei-led Robinsons Land Corp. on Monday announced that it has purchased a five-hectare property in Cebu City, which will be turned into a master-planned condo-resort community.

In a statement to the Philippine Stock Exchanhge, Robinsons Land said the property has a 170-meter beachfront in Punta Engano district in Mactan, Cebu.

“It shall be designed to be the first leisure community development of Robinsons Land. Tourism and business hub of the South Cebu’s tourism potential and its being the investors’ preferred headquarters in Southern Philippines add to Robinsons Land’s high hopes for its new project and the region itself,” the company said. GMANews.TV

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