FROM lavish getaways to urban retreats and value-laden accommodations, new hotel and resort group 8990 Leisure and Resorts is set to introduce a diverse range of hotels, resorts and luxury establishments that cut across the market.
8990 Leisure and Resorts is a subsidiary of housing developer 8990 Holdings Inc. Its success, which has seen the company acquiring a record high net income of P3.4 billion in the first three quarters of 2018, promises a bright future for the company’s foray into the leisure and hospitality industry, the company said in a statement.
“The Philippine leisure and hospitality industry is on an upswing with the current administration focusing on tourism development. The launch of 8990 Leisure and Resorts definitely comes at a perfect time,” said Willie J. Uy, 8990 Holdings Inc. president and chief executive officer.
With P5 billion worth of investments, the company is looking at developing a total of 3,000 rooms in the next five years and eyeing to open in Cebu, Makati, Davao, Palawan, Boracay, Siquijor, Alabang, Manila, Iloilo, Legazpi, Clark, Lapu-Lapu, Siargao and Baguio.
In the pipeline are hotels and resorts. Its portfolio will include resort Adama, a five-star luxury family resort. It will be nestled within nature, allowing families to bond amidst lush greeneries.
There’s also the luxury hotel Kura for trailblazers seeking to indulge in the grand life.
Lastly, located within the heart of the city is resident urban hotel Argo.
Enjoy quality luxury vacations with loved ones at the exclusive hotels and resorts of 8990 Leisure and Resorts.
8990 Holdings Inc., is a publicly listed company in the Philippine Stock Exchange. (PR)