CEBU CITY, Philippines - To complement the position of Malapascua island as a premier tourist destination, Cebu-based MSY Holdings Corp. is building a P500-million six-star hotel in barangay Agujo, Daan Bantayan, north Cebu.
Martin Philip S. Yeung, MSY Holdings Corp. chief operating officer (COO), said that the 18-room exclusive facility would be completed in the middle of next year.
Yeung said he was upbeat about Malapascua island’s prospects because of the planned opening of an airstrip in Daan Bantayan.
Rep. Benhur L. Salimbangon (Cebu, 4th district), his uncle, plans to implement the project, said Yeung.
His mother, Mariquita Salimbangun-Yeung, MFC Holdings chairperson, said she too was also hopeful that the airstrip would be built because President Gloria Macapagal-Arroyo said she wanted to maximize the tourism potential of Malapascua island.
The MFC Holdings is the umbrella company of the Salimbangon-Yeung group of companies, which includes the MSY Holdings Corp., the MCF Property Ventures Corp., Solid Partners Real Estate Developer and the Fairway Diamond Co. Ltd., Simplex Diamond Co. Ltd. and the Galleria Building, which are all based in Hong Kong.
The two-story high-end hotel will be called Kandaya, referring to a tribal chief who defended Daan Bantayan against the Spanish conquerors.
“It’s not that big a hotel but (it will have) world-class facilities and amenities,” Yeung said.
He said that Kandaya is positioned for foreign tourists who would like to visit Malapascua island.
A professional management group will be tapped to manage and operate the hotel.
The site of the planned hotel is a 12-hectare coastal property of barangay Agujo, Daan Bantayan, the northernmost town of Cebu about 129 km north of Cebu City.
Malapascua island is a 45-minute pump boat ride from Maya, Daan Bantayan.Article source:
Cebu Daily News
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