Dusit Thani, Gaisanos to build P1B serviced apartment in Cebu
The property development arm of the Gaisano family and Thailand-based global hospitality firm Dusit International have teamed up to build a P1 billion serviced apartment in Cebu.
Dubbed Dusit D2, the project will make available 163 serviced apartments located on the 24th the 34th floors of Grand Residences’ North Tower B, the SunStar reported.
The project is targeted to be operational by 2022.slated for operation by 2022.
Located along Gov. M. Cuenco Ave., Dusit D2 will be the first Dusit International-operated serviced apartment in Cebu.
Demand for serviced residences remains strong as lesiure travellers perceive them as good-value-for-money.
Serviced apartments charge 30 per cent lower than rates charged by hotels in a similar category.