Travellers International allots $1.1 billion for Bayshore project

MANILA, Philippines - Travellers International Hotel Group is investing at least $1.1 billion in the 31-hectare Resorts World Bayshore in Entertainment City Manila, its second integrated tourism estate which is three times the size of Resorts World Manila.

Travellers International, a joint venture between property tycoon Andrew Tan’s listed investment holding firm Alliance Global Group Inc. (AGI) and Genting Hong Kong Ltd., will start construction of Resorts World Bayshore by the end of the year, which is envisioned as a themed development and expected to create over 100,000 direct and indirect jobs.

AGI president Kingson Sian said the group is planning to build two or three hotels for the Bayshore hotel project, which will have at least 2,800 rooms.

Sian said the company is rolling out four more hotel facilities within the 10-hectare Resorts World Manila over the next five years to add to the existing three – Maxims Tower, Marriott Hotel and Remington Hotel.

Launched in August 2009, Resorts World Manila is currently hosts the largest casino in the Philippines. The new hotels will boost the group’s room inventory in Resorts World Manila to 2,800 rooms by 2016 when tourist arrivals are expected to hit 6.5 million.

Resorts World Manila, which is eyeing at least five million visitors this year from two million in 2010, is gearing up to launch 24x7 shopping, Sian said. The retail outlets at Resorts World Manila currently close at 12 midnight while the cinemas are already open 24 hours.

Sian noted that Marriott has the highest occupancy among five-star hotels in the metropolis.