Megaworld and Travellers International Hotel Group Inc. are allocating P65-billion to develop a 31-hectare leisure and entertainment township in Paranaque City.
To be called Westside City, the township will house the second Resorts World property in the Philippines, scheduled for completion by last quarter of 2020, a Megaworld press release said yesterday.
The township will also be home to Megaworld's upscale residential condominiums, a luxury mall as well as international hotel brands such as The Westin Hotel of the Starwood Asia Pacific Hotels & Resorts Group, Hotel Okura Manila of the Okura Hotels & Resorts, the Genting Grand and Crockfords Tower of the Genting Group, and Kingsford Hotel.
These hotels will have a total of around 1,500 rooms, the press release said.
Part of the company's vision for Westside City is to become the “Broadway of Asia” as the township highlights facilities for the performing arts. It will be home to the Philippines' first Grand Opera House that has a total capacity of 3,000, it said.
Megaworld chairman and CEO Dr. Andrew L. Tan is known to be a staunch supporter of the Filipino performing arts, with the Newport Performing Arts Theatre in Newport City paving the way for the rise of original Filipino stage plays in the country's capital, the press release added.
“We are very excited to see Westside City rising to be a showcase of Manila as a truly world-class Philippine capital,” Tan said.
Westside City is Megaworld's 20 th integrated urban township. It is also the company's second leisure and entertainment township, next to Newport City, the press release said.
Just last month, Megaworld also announced that it is investing P30-billion to develop a 35.6-hectare township in the City of San Fernando, Pampanga. *
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