Major Investment Propels Westside City Resort Completion in Paranaque
Travellers International Hotels Group Inc. has announced a significant US$450 million investment. This funding is aimed at finalizing the primary hotel and casino within the **Westside City Resort** complex in Paranaque. The substantial capital injection will flow through its Hong Kong-listed subsidiary, Suntrust Resort Holdings Inc. This move is set to accelerate the completion of one of the Philippines’ most anticipated integrated resorts.
The funding specifically targets the main hotel and casino development. It underscores a strong commitment to expanding the Entertainment City landscape. The Westside City Resort project is a critical component of the Philippines’ growing tourism and gaming sector.
Suntrust Investment Targets Key Resort Features
The **Suntrust investment** is designated for the construction and fit-out of the core elements of the integrated resort. These features are designed to attract a broad international and domestic clientele. The planned facilities are extensive and luxurious, promising a world-class experience upon opening.
Key components of the resort include:
- Approximately 400 gaming tables for various casino games.
- An estimated 1,200 slot machines, offering a wide array of electronic gaming options.
- 450 five-star hotel rooms, providing premium accommodation for guests.
- 960 car parking spaces to accommodate visitors comfortably.
- Around 19,000 square meters of retail space, featuring diverse shopping and dining experiences.
This comprehensive offering aims to position Westside City Resort as a premier destination. It will cater to both leisure and business travelers seeking entertainment and luxury.
Strategic Partnership and Completion Timeline
Suntrust Resort Holdings Inc. initially secured an agreement with Westside City Resorts World Inc. and Megaworld Corporation for the development of the five-star hotel and casino. Megaworld Corporation operates as a unit of Alliance Global Group Inc., which also controls Travellers International Hotels Group Inc. This intricate corporate structure highlights a unified vision for the project’s success.
The Westside City Resort is now projected to open its doors by the fourth quarter of 2024. This timeline reflects the accelerated pace of construction following the recent capital commitment. Once operational, it will join other prominent integrated resorts in Entertainment City, further cementing the area’s reputation as a major global gaming hub.
The development is expected to generate significant economic benefits. These include job creation and increased tourism revenue for Paranaque and the broader Philippines. Stakeholders anticipate a robust return on investment from this ambitious venture.
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