Federal Land builds tallest hotel in the Philippines
PHILIPPINES – At the heart of the expansive and bustling Bonifacio Global City in Taguig will soon rise a giant structure groomed to be the tallest hotel and mixed-use building in the country upon its completion.
In its first venture in the hotel industry in Metro Manila, real estate giant Federal Land Inc. takes the property scene a notch higher by building the Grand Hyatt Hotel.
Rising on a 10-hectare prime land, the Grand Hyatt Hotel promises to be the first and only premium-category hotel in the country that will further enhance the cosmopolitan reputation of The Fort’s central business district.
At 66-stories high and being 100,000 square meters above ground, the 400-room Grand Hyatt Hotel will be comparable to the iconic structures of modern countries like the United States and Japan and cities like Shanghai, Hong Kong and Taipei.
For the record, there’s no stopping the real estate giant from building its dream project. Four years after it has initially announced plans of construction, the company has resumed work on its flagship project with the global brand Hyatt.
In a recent media briefing, Federal Land officials said the first six floors of the main skyscraper will house the hotel podium and ballroom, while commercial offices will occupy the eighth to 30th floors. The upper floors to the penthouse levels, meanwhile, will house luxury suites and other hotel amenities. Several units will also be available for residential and commercial lease.
Federal Land president Alfred Ty said the company will invest as much as $300 million for this flagship project that will set the record as the tallest hotel structure in the country. The Grand Hyatt Hotel is set to be completed in 2014 while the rest of the 10-hectare complex will be developed progressively, Ty said.
From another ordinary business hotel, the Grand Hyatt Hotel will offer world-class hospitality service with the signature elements of the brand Hyatt: dramatic and energetic lobby environments, innovative dining options, spa and fitness centers, state-of-the-art technology as well as comprehensive business and meeting facilities.
Assured quality service
The brand Hyatt is already an assurance of its long standing quality and hospitality service, according to Federal Land officials. Hyatt manages, franchises, owns and develops the Hyatt-branded hotels, resorts and residential and vacation ownership properties around the world. As of December last year, the company’s worldwide portfolio consists of 453 properties.
Designed by renowned architectural firm of Wong & Ouyang HK, with Casas Architects and British firm Ove Arup as the structural designer, the Grand Hyatt will help position the Philippines as a destination for a 6-star accommodation facility. Officials revealed that the building is targeting a LEED (Leadership in Energy and Environmental Design) certification from the Green Building Council. In a sense, it will maintain its eco-friendly reputation and find ways to conserve energy as part of its contribution to the green movement.
“It gives us comfort that the designer is a British firm that has already built projects around the world,” Ty added.
The hotel is perfectly situated at the business district surrounded by the bustling business community and commercial structures like shopping malls, schools and parks. The strategic location also offers scenic viewpoints and skylines of the Makati financial district.
Ty revealed that the global financial crisis put the rollout plan on hold in 2007 “but the country was able to survive pretty well and the potential is so great.” Gari Kwok of Hyatt Financial International related that the potential was so huge that in Hong Kong alone, Hyatt clients were pegged at 32 million last year.
Ty furthered that the unveiling of The Grand Hyatt Hotel is seen to help boost the Philippines’ image and add prestige to its business environment that is currently experiencing robust growth.
“Its completion will likewise serve as a clear manifestation of investors’ confidence in the country, specifically in the tourism and finance aspects. This confidence also reiterates the country’s positioning as a haven for safety and security. The development will also provide quality jobs to a significant number of qualified Filipinos,” he said.
Federal Land is the property development arm of the Metrobank Group of Companies. The company’s current portfolio includes high-rise luxury residences such as The Grand Midori Makati, Bay Garden Club and Residences; The Residences and Two Residences in Cebu; as well as other premier condominium projects around the metro: Riverview Mansion and Four Season Riviera in Binondo, The Oriental Place in Makati, and The Capital Towers in Quezon City. It also operates the Marco Polo Hotel in Cebu.