SM Prime Holdings Inc. said it is spending P1.5 billion to put up a 201-key hotel, The Park Inn by Radisson Sta. Rosa, which is eyed for opening by the first quarter of 2029.
The hotel that is being developed under SM Prime unit, SM Hotels and Conventions Corp. (SMHCC), will feature dining outlets, recreational facilities such as a pool and gym, and dedicated spaces for meetings and events, the company said in a statement on Tuesday.
The hotel will be located within an integrated development of SM Prime along the Sta. Rosa – Tagaytay Road in Laguna, with SM Prime noting that Sta. Rosa has become “a rising industrial and commercial hub, powered by manufacturing, IT-BPO, ecozones and real estate.”
“The Park Inn hotel will connect directly to a premier SM mall in Sta. Rosa and the upcoming SMX Sta. Rosa Trade Hall via bridgeway. This new 4,000-sqm events hub is poised to draw regional and national MICE organizers and guests,” SMHCC said.
Peggy Angeles, SMHCC executive vice president, noted that The Park Inn by Radisson will be a suitable inclusion in Sta. Rosa’s growth drives, noting how the city’s “strong governance and growing population make it a key player in Calabarzon’s economy.”
In the 2024 DTI Cities and Municipalities Competitiveness Index, it ranked 11th among highly urbanized cities nationwide.
“With the City of Sta. Rosa’s growth as a business and industrial hub, demand for accommodation from business and leisure travelers continues to rise. The new hotel will meet this need, generate local jobs, and boost the city’s economic activity,” said Angeles.
Angeles said Park Inn by Radisson SM Sta. Rosa strengthens SM Prime’s vision of developing integrated estates in key growth centers, where hospitality, business, and retail converge to deliver a seamless and holistic experience. SMHCC currently operates 10 hotels with over 2,600 rooms, six convention centers, and two trade halls with more than 42,000 sqm of leasable space. Its portfolio includes Park Inn by Radisson, as well as Conrad Manila, Radisson Blu, Lanson Place, Taal Vista Hotel, and Pico Sands Hotel.
