Megaworld, a Philippines-based developer of integrated urban townships, and Resorts World Manila-operator Travellers International are allocating P65-billion ($1.4 billion) to develop a 31-hectare leisure and entertainment township in Entertainment City, Paranaque City.
To be called Westside City, the township will house the second Resorts World property in the Philippines, scheduled for completion by last quarter of 2020.
The township will also be home to Megaworld’s upscale residential condominiums, a luxury mall as well as international hotel brands including The Westin Hotel of the Starwood Asia Pacific Group. The hotels will have a total of around 1,500 rooms.
Part of the company’s vision for Westside City is to become the “Broadway of Asia” as the township highlights facilities for the performing arts. It will be home to the Philippines’ first Grand Opera House that has a total capacity of 3,000.
“We are very excited to see Westside City rising to be a showcase of Manila as a truly world-class Philippine capital,” said Andrew L. Tan, chairman and CEO of Alliance Global Group, Inc., the mother company of Megaworld and Travellers International.
Westside City is Megaworld’s 20th integrated urban township. It is also the company’s second leisure and entertainment township, next to Newport City.
Just last month, Megaworld also announced that it is investing P30-billion to develop a 35.6-hectare township in the City of San Fernando, Pampanga.
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