TOURISM will be the next big investment for homegrown firm Duros Group of Companies.
Duros Group president Fe Barino said the company is venturing into hotel developments to take advantage of the flourishing tourism industry.
By next month, the company will launch the 38-room Gana Siargao Island Resort in Siargao Island in Surigao del Norte.
In Cebu, the group is building a 46-room hotel called Minore Hotel, which is part of an integrated development in Barangay Luz, Cebu City.
Barino said the thriving tourism industry presents new opportunities for businesses like them to venture into. She said building accommodation facilities wouldn’t be difficult, given that the group’s core business in construction.
“We are backing on the steady influx of guests who come to Cebu and to the Philippines,” she said.
In Barangay Yati, Liloan where the group is headquartered, Barino said they are slowly transforming the 200-hectare township project into a retirement facility.
“We are preparing the township to eventually become a full-fledged retirement village,” said Barino.
Named Northside Beacon, the P8-billion project features a golf course, strip malls, condominium and house-and-lot projects.
“It is envisioned to become the central residential-cum-business district and economic driver in the north for generations to come,” the company said, in a statement.
At present, the residential component of the township project is now home to foreign and local end-users and investors.
Barino said they are also eyeing to set up a hotel there.
The Duros Group of Companies is engaged in several businesses-—real estate, construction, interior fabrication and manufacturing, property management, education and food. (KOC)