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November 29, 2011

Travellers International invests $1.1bn in Philippines Bayshore project

Travellers International Hotel Group, a joint venture of investment holding firm Alliance Global Group (AGI) and Genting Hong Kong, is to spend $1.1bn on Resorts World Bayshore in Manila, Philippines.

Travellers International Hotel Group, a joint venture of investment holding firm Alliance Global Group (AGI) and Genting Hong Kong, is to spend $1.1bn on Resorts World Bayshore in Manila, Philippines.

The 31ha site is the group’s second integrated tourism estate, and is three times the size of Resorts World Manila.

AGI president Kingson Sian said the group will build two or three hotels for the Bayshore hotel project, which will have 2,800 rooms.

The company is also considering building four hotels in Resorts World Manila over the next five years to add to the existing three: Maxims Tower, Marriott Hotel and Remington Hotel.

The group expects the new hotels to boost its room inventory in Resorts World Manila to 2,800 rooms by 2016, with tourist arrivals to hit 6.5 million.

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