Resorts World Bayshore City Inc, owner and operator of upcoming casino property Bayshore City Resorts World at Manila’s Entertainment City, has formalised a partnership with Japanese hotel brand Okura Hotels and Resorts.
The Japanese firm will be responsible for the management and operation of the Hotel Okura Manila, the brand’s first in the Philippines. The company has launched five-star Okura hotels in Macau (pictured) and Bangkok in 2011 and 2012, respectively.
“The planned construction site for Okura will cover approximately 38,000 square metres [409,029 sq feet] at the Bayshore City Resorts World and will offer approximately 380 guest rooms,” Travellers International Hotel Group Inc said in a statement to the Philippine Stock Exchange on Tuesday.
Travellers, a joint venture between Philippine-based Alliance Global Group Inc and Genting Hong Kong Ltd, announced last week that it had increased its stake in Resorts World Bayshore City Inc to 95 percent. The joint venture currently operates the Resorts World Manila casino resort.
Construction of the US$1.1 billion Bayshore City Resorts World is expected to start this year, with the property scheduled to open in the fourth quarter of 2018, Travellers said in previous filings.
Bayshore City Resorts World, until recently identified in filings as Resorts World Bayshore, is planned to have at least 1,500 hotel rooms managed by international hotel brands.
Additionally to Okura, Westin Hotels and Resorts, a brand owned by Starwood Hotels and Resorts Worldwide Inc, is also expected to be a partner in the project. The scheme will also feature the ‘Genting Grand’ and ‘Crockfords Tower’, two brands under the Genting group portfolio.
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”We expect Goa to quickly become a US$1 billion market as it transitions to land-based casinos (from US$150 million today), which is still just a fraction of India’s total GGR potential of US$10 billion to US$17 billion”
Analyst at Union Gaming Securities Asia