Megaworld Corporation announced that it is partnering with Accor to bring the latter's global standards in operating select Megaworld Hotels & Resorts properties. The partnership will see Belmont Hotel Mactan become the first property to transition into Mercure Mactan Cebu as a franchise within the 30-hectare The Mactan Newtown township in Lapu-Lapu City, Cebu this year.
Megaworld Corp is a Philippines-based company engaged in property-related activities, such as project design, construction, and property management. The Company’s real estate portfolio includes residential condominium units, subdivision lots and townhouses, condominium-hotel projects as well as office projects and retail spaces. The Company’s segments include Real Estate, Rental, and Hotel Operations. The Real Estate segment pertains to the development and sale of residential and office developments. The Rental segment includes leasing of office and commercial spaces. The Hotel Operations segment relates to the management of hotel business operations. The Company’s subsidiaries include Prestige Hotels and Resorts, Inc. (PHRI), Richmonde Hotel Group International Ltd. (RHGI), Eastwood Cyber One Corporation, Megaworld Cebu Properties, Inc., Megaworld Newport Property Holdings, Inc., Oceantown Properties, Inc. (OPI) and Luxury Global Hotels and Leisure, Inc. (LGHLI).
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ESG MSCI
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