In light of nearby Macau’s hotel-casino boom, the developer of Resorts World Manila and Resorts World Bayshore in the Philippines is investing US$1.35 billion to increase the properties’ guestroom capacity.
The investment by Alliance Global Group Inc., Quezon City, the Philippines, will be implemented over the next five years, increasing the mega-complexes’ guestroom capacity to 5,600. Currently Resorts World Manila features three hotels, the 6-star Maxims Tower, the 5-star Marriott Hotel and the budget Remington Hotel. Resorts World Bayshore, part of the Pagcor Entertainment City mega-complex remains in construction phase and has not opened yet.
“We’re quite positive and excited about the prospects of tourism. There’s a lot of investing and that’s what you need. You need to create scale, you need to create diversity,” said Kingson Sian, president at Alliance Global told the Manila Bulletin at a recent investor’s conference.
Resorts World Manila is a joint venture with Genting Hong Kong Ltd. Launched in 2009, it features the largest casino in the Philippines.
