Megaworld to spend P5B on new hotel brand

By CATHERINE TALAVERA, TMT

Aug 26, 2016 12:30 am

PROPERTY developer Megaworld Cor-poration said on Thursday it will spend P5 billion on the development of three new hotels as it launches a new hotel brand in a bid to boost recurring income.

In a statement, Megaworld said it was set to launch the Savoy Hotel, its third local hotel brand, and that it would open three hotels under the new brand.

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