MANILA, Philippines - The SM group has partnered with global hospitality firm Carlson anew, this time for the opening of the Park Inn by Radisson hotel in Davao City.
SM Hotels and Conventions Corp. will construct and own the P750-million hotel, while management and operations will be handled by Carlson.
The 200-room hotel, which will rise on a 175,000-square meter mixed-use complex of another SM subsidiary, SM Prime Holdings Inc., is slated to begin construction by the third quarter of 2011 and open by 2013.
"The signing of our contract with Carlson to open a Park Inn by Radisson in Davao City is another concrete step towards fulfilling the vision of our founder, Henry Sy, to make the Philippines a world-class tourist destination," said SM Hotels president Elizabeth Sy.
"We believe that Davao is an ideal location for such an undertaking because of its robust economy, vibrant population, and excellent infrastructure including its international airport," she added.
In September last year, SM Hotels opened the upscale 400-room Radisson Blu Hotel in Cebu, which is also managed by Carlson.