San Miguel to put the country’s first underwater hotel
Posted on August 6th, 2010
The real estate subsidiary of conglomerate San Miguel Corp. (SM) is planning to launch soon, the country’s first “underwater hotel.” The said project is part of the four new developments of San Miguel Properties Inc. (SMP) which will start next year, as the company’s foray into the tourism segment begins.
Alan Cruz, head of the SMP real estate development, said the four projects are, a “spiritual” hub in a 125-hectare property in Alfonso, Cavite; a midrise condominium cluster in a 2.8-hectare property along Outlook Drive in Baguio City; a 25-hectare mixed-use beachfront development on Boracay Island; and an ambitious underwater hotel off Busuanga Island near Coron Island in Northern Palawan.
Cruz said that all the project would happen next year as far as their implementation is concern, while the planning stages will all happen this year.”We are going to entertain the experts in the industry, in terms of operating a hotel or maybe a country club. That is applicable for Boracay and, to a certain extent, in the Cavite project,” he added.
In the recently concluded Philippine Real Estate Fair, SMP “rebranded and relaunched” itself in its bid to become a major property developer in the next five years. The company plans to launch its Cavite project first, from which a 33-hectare parcel of land was donated to the healing ministry of Companion of the Cross priest Fernando Suarez. The said property may house venues for weddings, baptisms, retreat houses, as well as a 100-meter tall statue of the Virgin Mary. In order to sustain the spiritual component of the project, SMP is planning to build residential and commercial projects in the area.
The company also stated earlier that it is spending P6 billion to develop a high-rise residential project in Makati City and an American-inspired gated community in General Trias, Cavite. Existing projects of the firm include Maravilla, Bel Aldea in General Trias, The Legacy in Las Piñas City and Buenavista Homes in Cebu.
SMP finance and administration head Gil Somblingo said in an earlier interview that they are expecting to generate P1 billion in sales this year.
This real estate project would definitely rise up the country’s tourism. A lot of people, including me, is looking forward to this so-called underwater hotel. Surely there will be a lot of interesting offices and rooms in that hotel. Philippine business would improve with these kind of projects.
hi im singaporean and im currently working in dubai as QA/QC MANAGER ,one of our project is the palm jumeirah,dubai marina mall and hotel.im interested to work in philippines,if you can give me a position in your new project under water hotel,pls email me at lim10_lim23@hotmail.com