Travellers jumpstarts construction of USD 1.1 Billion Bayshore City Resorts World this month
Travellers International Hotel Group, Inc. (TIHGI), the developer of Resorts World Manila at Newport City, Pasay, has subscribed to 3.23 billion shares of Resorts World Bayshore City, Inc. (RWBCI), the developer of Bayshore City Resorts World at the Entertainment City in Paranaque City, making TIHGI effectively the 95% owner of RWBCI.
Bayshore City Resorts World will have at least 1,500 hotel rooms to be managed and operated by international hotel brands. These include “The Westin Hotel Manila Bayshore” of the Starwood Asia Pacific Hotels & Resorts and the “Genting Grand” and “Crockfords Tower” of the Genting group. True to the group’s core value of establishing a truly integrated resort destination, Bayshore City Resorts World will be designed with attractions and facilities to accommodate millions of visitors and tourist annually and cater to different market segments ranging from families, the corporate sector, business travelers, tourist and the meetings and convention market.
In addition to the branded hotels, the highlights of Bayshore City Resorts World include a 3,000-seater Grand Opera House, mall/cinema and commercial complex with retail component that shall offer the latest trend and style in fashion, department stores, food and beverage outlets and cinemas, entertainment and gaming facilities.
Bayshore City Resorts World has commenced site development. Actual construction and development will start within the year. The integrated result is projected to open 4th quarter of 2018. Bayshore City Resorts World integrated complex is expected to become a premier travel destination which shall complete the Entertainment City Masterplan.
TRAVELLERS INTERNATIONAL HOTEL GROUP, INC.Office: +632 7908-8000
Fax: +632 7908-8107
FOR INVESTOR RELATIONS AND COMPLIANCEBernard Than
Chief Financial Officer, Investor Relations Officer, Corporate Information Officer, & Compliance Officer