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<figure class="op-social"><iframe allowfullscreen="" frameBorder="0" height="315" src="https://www.youtube.com/embed/HC0FEf1-mpw" width="420"></iframe></figure>MANILA -- Rockwell Land said Thursday it would build luxury resort hotels in the Makati financial district and the southern city of Cebu as it expands its portfolio on the back of a booming tourism industry.The 280-room, urban resort-themed Aruga Hotel in Makati will cater to affluent travelers, and is expected to be completed in the first half of 2019, the company said in a statement.The 300-room resort in Cebu, which faces the Hilutungaan channel, will feature panoramic views of the 250-meter beachfront. Construction is slated to start in the third quarter of next year, it said.Rockwell Land posted a net income of P342 million in the first quarter, on the back of a 42-percent growth in revenues from its hotel operations.&quot;The strong interest from our roster of investors and partners to roll out new ventures outside Metro Manila is evidence of not only the strength of Rockwell&#x27;s hotel and leisure business but also reflects our collective vision to develop prime tourist locations like Mactan Island as the country experiences a tourism renaissance,&quot; Rockwell Land president Nestor Padilla said.Rockwell Land shares were unchanged at P1.60 in noon trading on Thursday.

MANILA -- Rockwell Land said Thursday it would build luxury resort hotels in the Makati financial district and the southern city of Cebu as it expands its portfolio on the back of a booming tourism industry.

Rockwell Land to build luxury hotels in Makati, Cebu

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Rockwell Land to build luxury hotels in Makati, Cebu

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Published June 02, 2016 12:40 PM PHT

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