There’s loads of these emerging cities, where we think Microtel can do well. Bacolod for instance, and Iloilo are also excellent goals, and if everything goes properly, greater cities in Mindanao,” del Rosario stated.
An common Microtel motel can have not less than 60 rooms, consistent with del Rosario. However, he did not divulge the particular budget for building extra hotels within the subsequent five years.
“No constant goal, but our cost to construct a room stages from P2 million to P2.Five million in keeping with room,” del Rosario stated.
Asian consumers leading growth – CBRE
Interest from overseas investors in va-rious industries, specially from different Asian nations, is boosting the increase outlook for the Philippines’ assets sector, in step with nearby real property guide CBRE Philippines.
“The outlook for the real estate region stays bullish with foreign buyers especially interested by getting into the Philippine market,” CBRE Philippines stated in a record.
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