In a regulatory filing, Acesite (Phils.) Hotel Corp. said it would pursue the reconstruction of the Manila Pavillion Hotel along Roxas Boulevard in Manila over the next 12 months with with a soft opening targeted in 18 months.
Manila Pavillion ceased operations in the second quarter of 2018 due to the damages caused by the fire to the property in March 2018.
Acesite, which is 55.49% owned by Plastics King William Gatchalian, said funds from the insurance proceeds were enough to fund the reconstruction of the hotel, which will start with the public areas of the lobby, casino areas at the ground floor, the adjoining food and beverage outlets, as well as two room floors.
The support facilities for these areas, including engineering areas and kitchen areas will simultaneously be completed in the hope of earlier pre-opening dry runs.
Upper room floors, function rooms, recreation areas will be scheduled for a later opening date.
When fully completed, the hotel will start filling in 400 various positions in food and beverage, housekeeping, engineering, front office, marketing, finance, personnel, laundry, valet, security and other departments.