Dance, dance, dance
International hotel company Shangri-La Hotels and Resorts is planning to construct a six-star hotel at the
The Shangri-La group already has three hotels in the country, the Makati Shangri-La; the Shangri-La Edsa Plaza Hotel and the Shangri-La Mactan Hotel in
In a statement, Bases Conversion and Development Authority (BCDA) president and chief executive officer Narciso Abaya said the international hotel chain has already approached them and expressed interest in building in the 1.2-hectare government property located in Taguig.
Abaya said Shangri-La has already proposed its formal plan to the BCDA board early this week. He said the intention of the Shangri-La Group is a welcome development in the overall development of the
Abaya added that the prime lot is the same land being eyed by billionaire Donald Trump. The retired general said Trump is also planning to put up a hotel. Should the American real estate mogul obtain the rights on the BCDA land, it will be their first project in the country.
Shangri-La Hotels and Resorts vice president Greg Dogan said the property is perfect for a hotel because it is situated right beside the heart of the
Although no decision has been made on who should be able to build on the lot, BCDA chairman Aloysius Santos said the keen interest shown by foreign investors manifests sustained solid investor confidence in the Arroyo administration.
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