Property developer Sta. Lucia Land Inc. will continue to expand its hotel and resort footprint as it seeks to ride on the bullish prospects of the Philippine travel and tourism industry.
The plan is to further grow Sta. Lucia’s hotel portfolio to about 2,000 rooms upon full completion of at least three new projects over the medium term.
Currently, the listed firm offers more than 1,600 rooms from its 13 projects, which comprise of hotels, condotels (coined to mean a condominium with hotel units and facilities), and resorts. The company’s portfolio includes Stradella at East Bel-Air; La Breza, Sotogrande at Neopolitan and Sotogrande Katipunan, which are both located in Quezon City; Club Morocco in Subic, Zambales; Splendido Hotel in Laurel, Batangas; Aquamira Resort and Residences in Naic, Cavite; Arterra Hotel and Resort, Sotogrande Cebu at Residencia de Vistamar, and La Mirada at Residencia de Vistamar, all in Cebu; Sotogrande Iloilo in Jaro, Iloilo; Sotogrande Davao in Talomo, Davao City; and Crown Residences at Harbour Springs in Puerto Princesa, Palawan.
Sta. Lucia Land is slated to further grow its hotel, condotel and resort footprint with new projects on the pipeline namely Sotogrande Palawan in Puerto Princesa, Sotogrande Baguio in Baguio City, and Sta. Lucia Residenze Tower 3 in Cainta Rizal. Collectively, these three projects can add about 400 rooms to the company’s portfolio over the medium term.
“The country’s tourism industry continues to be a bright spot in our economy. The Department of Tourism, according to news reports, is targeting 9.2 million foreign arrivals this year, higher than last year’s target of 8.2 million. Domestic tourists are likewise increasing along with their spending. This only goes to show that tourism in the country remains alive and robust and we, at Sta. Lucia Land, are doing what we can to contribute by providing quality accommodations for both our local and foreign tourists,” said Sta. Lucia Land president Exequiel Robles.
“We hope to be a major player in the tourism growth story, as the Philippines now inches closer to its goal of hitting 10 million international arrivals by 2022. After all, we recognize the value in these numbers—with the influx of tourists comes the growth of homegrown shops and restaurants, tourism destinations, and other livelihood related to travel, and consequently, more jobs, increased incomes and better quality of life for more Filipinos ,” Robles added.
As it is, the company already has an extensive footprint in Palawan, Baguio City and Cainta, Rizal, where its new condotels and hotels are set to rise. Cainta in particularly is home to Sta. Lucia City where the company has built a large shopping complex offering a mix of homegrown and international brands, towering luxury residential condominiums, and soon the six-storey Sta. Lucia Business Center, its first foray in the office property segment.
Sta. Lucia Land is part of the Sta. Lucia Group, which has completed over 220 projects within more than 10,000 hectares of land spanning 70 cities and municipalities in 10 regions. Its wide portfolio of offerings include residential condominium units, subdivision lots, resort-inspired homes, as well as lake and golf communities.