Filinvest Land building ‘businessman’s hotel’

By: Carmelito Q. Francisco

Filinvest Land, Inc. will start building within the next four months a hotel for businessmen.

"A businessman’s hotel is a hotel that does away with other amenities except for those important to businessmen," said Tristan Las Marias, Filinvest vice-president for Visayas and Mindanao operations.

He said the hotel would not have convention halls and similar facilities. "But we will make sure that the amenities of the hotel are the best," he said during the inauguration of the company’s One Oasis, a condominium project near SM City Davao.

Mr. Las Marias declined to provide details of the project, which he said was still being finalized.

Councilor Peter T. Laviña of the city council’s trade and commerce committee said Filinvest Land’s plan shows that the city has matured into a business area. "With these investments coming in, we are sure that this will spur the city’s economic development."

The Gotianun-led company is spending P1.5 billion on its first condominium project here, dubbed One Oasis Davao. The company has earmarked P6 billion for the Davao region within the next five years. It is developing a 50-hectare residential beach resort in the island city of Samal.

Aside from its 2.3-hectare One Oasis Davao project — a seven-building cluster of medium-rise condominiums and condotels — the company is also setting up another condominium project in a three-hectare lot in Ma-a district near another shopping mall, the NCCC Mall of Davao. Filinvest Land Manager Geraldine C. de Gorostiza said the condominium projects target workers in the city.

Filinvest Land earlier said it would expand its project portfolio to include more medium-rise buildings as part of a plan to widen its client base.

SOURCE: www.gmanews.tv
Tuesday, May 13, 2008