HOMEGROWN developer Cebu Landmasters Inc. (CLI) is opening its first resort development in 2024 in anticipation of the tourism rebound.
On Wednesday, July 28, 2021, CLI unveiled the new Abaca Resort Mactan with 125 all suite accommodation with panoramic views in a 17-story building in Punta Engaño, Lapu-Lapu City.
CLI purchased the property in 2019 and has signed up The Abaca Group to continue operating the hotel and to provide luxury experiences tailored for local and global tourists.
Abaca Resort Mactan is CLI’s third hotel project launched this year.
CLI chief executive officer Jose Soberano III said CLI’s expansion in tourism is a reflection of the company’s optimism and bullish stance of the country’s tourism industry as they anticipate a tourism rebound in the coming years.
“Abaca Resort Mactan will put Cebu on the radar of this emerging breed of global travelers seeking world-class, authentic and unique holidays,” said Soberano.
He noted that timing is on their side as it will take three years to construct the project and hopefully by that time, the industry will be back to the robust times.
“We see tourism in the Visayas and Mindanao driving the economy once global mobility is restored. We will be ready for that boom,” said Soberano.
CLI tapped internationally renowned architectural firm Büro Ole Scheeren, whose notable works are CTBUH Urban Habitat Award 2020 Winner DUO in Singapore, the World Building of the Year 2015 The Interlace in Singapore and MahaNakhon Tower in Bangkok, a mixed-use high-rise development that upends the conventional typology of the skyscraper.
The resort’s design is also locally supported by the Philippines’ leading architectural firm AIDEA.
Jason Hyatt of The Abaca Group said partnering with CLI will allow the resort to reach its full potential and deliver a “holiday home” experience and contribute to the tourism progress in Mactan.
Abaca Boutique Hotel in the past only had nine rooms.
Abaca Resort Mactan offers spacious spaces. Each room ranges from 40 to 50 square meters (sq.m) for the Oceanfront Suites, and up to 105 sq.m. for the Sky Villas, which will have their own one-of-a-kind floating infinity pools.
Aside from its awe-inspiring architecture, the resort will feature a luxurious infinity pool, an elevated cascading plunge pool, 360-degree roofdeck bar, a private beach and panoramic ocean views.
The resort will also have a gym and spa, kids center and function rooms for events.
The resort will have three outlets, offering new food and beverage concepts – a live-fire Asian concept on the main level, a new normal, all-day dining format and fantastic banquet facilities that can seat over 200 persons.
Following the opening of the new Abaca Resort Mactan in 2024, CLI targets expanding its hotel portfolio to 1,433 rooms by 2025.
This is in line with CLI’s strategy to build up its recurring business contributing 10 percent to the company’s topline.
CLI remains on track to meet its target to grow by 15 to 20 percent this year.
CLI’s net income stood at P725.2 million in the first quarter, a 12 percent year-on-year improvement, as its revenues rose by 11 percent to P2.35 billion during the period. (KOC)