Mass-housing builder Santos Land breaks ground in Davao City for P1B project
A homegrown real property builder on Friday launched P1 billion hotel and condominium project on the busy strip of J.P Laurel Avenue here.
The development project is set for completion in 2020.
Santos Land Development Corp. president Antonio S. Domingo said the project — the Obsidian Suites Hotel and the Ivory Residences Condominium – is its first foray into the hotel and condo market after 46 years of developing low-cost subdivisions in Davao City.
“A homegrown player like us saw this huge opportunity he said just like other players of Metro Manila and from other areas as they look at the growth potential of Davao,” Domingo said.
The Ivory Residences is an 18-storey tower with 330 home units and 120 parking slots. The other amenities include a swimming pool, a two-storey clubhouse and an outdoor park connecting the 3rd floor of the hotel, and a garden on the tower roof deck.
The Obsidian Suites Hotel is a 10-storey business hotel with a roof deck with approximately 90 rooms ranging from superior, deluxe, junior and executive suites, and themed-suites.
The hotel will have meeting rooms and two 50-seater function rooms convertible to a mid-size ballroom; and two restaurants.
Domingo said the company would continue to be the “Community Builder” in Davao under its core values of Commitment, Customer Focus, Excellence, Expertise, Integrity, Leadership, Quality and Teamwork in the execution and realization of this mega project. (PNA)