Shangri-La Group to Build 6-Star Hotel and Luxury Residences at the
Fort
The Philippines' Bases Conversion and Development Authority on
Thursday announced that the Hong Kong based Shangri-La Hotels and Resorts group
has made known its interest in building a six-star luxury hotel and luxury
residences inside Fort Bonifacio in Taguig City.
BCDA President and CEO
Narciso Abaya said the site of Shangri-La for the project is the 1.2-hectare lot
owned by the government beside the City Center of the Bonifacio Global
City.
The lot, formerly known as the Government Center for Investment, is
also the area being eyed by the real-estate and entertainment tycoon Donald
Trump for a planned integrated complex project.
Abaya said Shangri-La Hotels
and Resorts Vice President Greg Dogan revealed its plan to build a six-star
hotel and luxury residences in the area during a preliminary presentation made
by the company before the BCDA Board on May 15.
Santos said Shangri-La
Group's plan is a welcome development in the overall development of the
Bonifacio Global City.
Abaya said the signified interest of both Shangri-la
and Trump groups for the 1.2 hectare lot at the Bonifacio Global City manifests
sustained solid investor confidence in the developments in the area.
The
Bonifacio Global City is located only a few minutes away from the Makati and
Ortigas Central Business Districts, the Ninoy Aquino International Airport and
major thoroughfares like C-5.
The Global City also has world-class
infrastructure including an underground drainage detention structure with the
capacity to hold 22 million liters of water and release it under controlled
conditions to prevent floods. It also has a fiber optic cabling network to
support a wide range of telephone, video and data applications.
For more
information on Shangri-la Luxury Residences, please contact:
Ofc: +632 994
9781
Mobile: +63905 359 2019
Email:
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