Cebu Firm Bares P2.5B Resort Development
Leading developer in VisMin Cebu Landmasters Inc. (CLI) strengthens its hotel portfolio in the region as it reveals its very first resort development – the P2.5 billion Abaca Resort Mactan.
In a disclosure to the Philippine Stock Exchange, the listed property firm said that the expanded luxury boutique hotel is set to be completed in 2024.
The 125-room all-suite accommodation featuring exclusively panoramic ocean views is envisioned to fill the gap for luxury resorts catering to global travelers in Cebu’s thriving tourism scene in preparation for international mobility.
It will rise 17-stories high on a 4,500 sqm. property formerly occupied by the multi-awarded Abaca Boutique Resort in Punta Engano, Lapu-Lapu City, a tourism growth center. CLI purchased the property in 2019 and has signed up The Abaca Group to continue operating the hotel and providing luxury experiences tailored for local and global tourists.
To design the resort and infuse it with a unique sense of place sought by an emerging breed of high-end travelers, CLI tapped internationally renowned architectural firm Büro Ole Scheeren whose projects won numerous awards globally.
Some of their notable work are CTBUH Urban Habitat Award 2020 Winner DUO in Singapore, the World Building of the Year 2015 The Interlace in Singapore, and MahaNakhon Tower in Bangkok, a mixed-use high-rise development that upends the conventional typology of the skyscraper.
The resort’s design is also locally supported by the Philippines’ leading architectural firm AIDEA. Abaca Resort Mactan is CLI’s first resort development and will feature a timeless Sky Villas concept to serve as the platform for memorable getaways. Words