{"id":332751,"date":"2025-06-05T00:32:12","date_gmt":"2025-06-04T16:32:12","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=332751"},"modified":"2025-06-05T00:32:15","modified_gmt":"2025-06-04T16:32:15","slug":"trade-the-news-megs-hotels-resorts-targets-1000-new-rooms-in-boracay-iloilo","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-megs-hotels-resorts-targets-1000-new-rooms-in-boracay-iloilo\/","title":{"rendered":"Trade the News: MEG’s Hotels & Resorts targets 1,000 new rooms in Boracay, Iloilo"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Megaworld Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>MEG<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 2.40<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

MEGAWORLD Hotels & Resorts (MHR), the hospitality arm of listed property developer Megaworld Corp. (MEG), is targeting an additional 1,000 rooms across its Boracay and Iloilo properties this year, a company official said.<\/p>\n\n\n\n

\u201cI have Chancellor Hotel Boracay with 500 rooms opening this September, and then I have Belmont Hotel Iloilo with 400 plus rooms opening also in September this year,\u201d MHR Group Commercial Director Loleth G. So told reporters on the sidelines of a Hotel Sales and Marketing Association event last week.<\/p>\n\n\n\n

\u201cSo, [we expect] roughly about a thousand keys for this year,\u201d she said.<\/p>\n\n\n\n

MHR currently operates approximately 7,700 keys across its homegrown brands, which include Savoy Hotel, Belmont Hotel, Richmonde Hotel, Kingsford Hotel, Twin Lakes Hotel Tagaytay, and Hotel Lucky Chinatown.<\/p>\n\n\n\n

The company is also set to open the two-level Mactan Expo Center in the fourth quarter.<\/p>\n\n\n\n

The facility, which will offer a 2,500-seat capacity, aims to support Cebu\u2019s growing meetings, incentives, conferences, and exhibitions (MICE) market.<\/p>\n\n\n\n

\u201cWe really want to make sure that [the] MICE [market] is driven towards Cebu, because it\u2019s [a] very strong gateway to the south and they have direct flights coming from overseas,\u201d said Ms. So.<\/p>\n\n\n\n

The Mactan Expo Center, located near Savoy Hotel Mactan Newtown and Belmont Hotel Mactan, will feature nearly 10,000 square meters of MICE space, including a convention hall that can be divided into three smaller halls. Other features include pre-function areas, a foyer, and two drop-off zones.<\/p>\n\n\n\n

The company is also planning to open Kingsford Hotel Bacolod, a 12-story condotel, by 2027.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-332751","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=332751"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332751\/revisions"}],"predecessor-version":[{"id":332753,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332751\/revisions\/332753"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=332751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=332751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=332751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}