Filinvest to build 2 hotels in city

REAL estate giant Filinvest Land Incorporated (Filinvest) will be entering the hotel industry in Davao City this year as it plans to construct two hotels right in the heart of the city.

Tristan Las Marias, Filinvest vice president for Visayas and Mindanao, said they are going to put up a condominium-hotel on their three-hectare property fronting the future site of the first Ayala-owned and operated mall in Mindanao, the Abreeza.

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"The property is right beside Redemptorist Church, along J.P. Laurel Avenue. It's right across Abreeza," Las Marias said.

The infrastructure will be put up by Filinvest while the actual operations of the hotel will be undertaken by Ashton International.

Ashton International has hotel operations in Southeast Asia.

Filinvest is one of the leading real estate developers in the Philippines.

The company spun off from Filinvest Development Corporation (FDC), the listed holding company for real estate business of the Gotianun family, which has more than 40 years of experience in real estate development.

Its projects are primarily located in Luzon particularly, the National Capital Region, as well as in Bulacan, Cavite, Laguna, Palawan, Pampanga, Rizal and Tarlac. Some are also located in the Visayas-Mindanao region, specifically Butuan, Cebu, Davao and Zamboanga. (CPM)