Cebu Landmasters, Ascott to build first Citadines in Bacolod
Soberano-led Cebu Landmasters Inc. (CLI) has signed a service management deal with The Ascott Limited to develop Citadines Bacolod as part of efforts to further strengthen its foothold in the Visayas and Mindanao real estate markets.
Construction of the 200-room Citadines Bacolod will start in the fourth quarter with completion seen by 2021.
Located on a 4,501 square meter lot, Citadines Bacolod will have unit sizes ranging from 25 to 60 sq.m. and will have a 1,000 sq.m. grand ballroom, ample parking space and an amenity deck on the third floor featuring a swimming pool, gym, game room and restaurants.
Citadines Bacolod is CLI’s fourth project with the world’s leading service residence operator and is expected to boost the Cebu-based developer’s hotel portfolio to 969 rooms.
CLI president Jose Soberano III said: “There is so much potential to cater not only to the tourism industry but also the MICE (meetings, incentives, conventions and exhibits) market in Bacolod.”
He expects the property to be the leading provider of accommodations in the area when it opens.