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Local Name:
Resorts World Manila Bayshore
Budget:
1.1B
Announced:
Construction Start:
Opening:
on hold
Area:
30 ha
Developer:
Resorts World Bayshore City, Inc
Operator:
Resorts World Bayshore City, Inc
Consultants:
Designers:
Contractors:
Ride Suppliers:
Other Suppliers:
  1. Wellness at Work and Play

    The Westin Manila Bayshore is to be located in the Resorts World Bayshore mixed-use complex at Entertainment City, a massive master planned development on reclaimed land in scenic Manila Bay. In addition to the 600-room Westin hotel, highlights of Resorts World Bayshore include a grand opera house, a luxury shopping mall along with other entertainment complexes and extensive gaming areas. The integrated complex, which is projected to open in mid-2016, is expected to become a premier travel destination.

    Developed under phase one of the project, Westin Manila Bayshore will bring the brand's sensory-rich environment, including innovative programs and instinctive service, to Resorts World Bayshore, offering guests a welcoming respite from the rigors of travel and helping them leave feeling better than when they arrived. All guestrooms and suites will be outfitted with the restorative Westin Heavenly® Bed; Heavenly® Bath enhanced with the brand's Heavenly® Shower, Heavenly® Robe and White Tea Aloe bath amenities; and high-speed Internet access. Other offerings will include Westin's signature SuperFoodsRX® menu of nutrient-rich and delicious options, five diverse food and beverage venues, state-of-the-art WestinWORKOUT® fitness facilities and swimming pool, Heavenly® Spa and 2,300 square meters of meeting and function space.

    For more information on The Westin Manila Bayshore, please visit www.westin.com/manilabayshore.
    For more information on Sheraton Manila Hotel, please visit www.sheraton.com/manila.

  2. http://www.philstar.com/business/2013/07/19/985871/travellers-allots-600-m-resorts-world-manila-expansion

    MANILA, Philippines - Travellers International Hotel Group Inc. has allotted $600 million for the second and third phases of Resorts World Manila hotel and casino complex.

    The company will focus on the captive tourism and gaming markets of Resorts World Manila before pursuing the $1.1-billion Resorts World Bayshore along Manila Bay, its top executive said.

    Travellers Group president Kingson U. Sian told reporters that the 12-hectare Resorts World Manila is already a prime lot with a mature tourism and gaming market.

    Sian said Travellers Group will focus on “mature areas so returns will be faster” compared with brownfield projects like Resorts World Bayshore.

    Travellers Group will spend $600 million as it pursues Phase 2 and 3 of Resorts World Manila despite the deferral of its P42-billion initial public offering (IPO).

    Specifically, the hotel and casino operator will complete the 5,000-seat convention center with function rooms in 2014, the Marriott Hotel expansion in 2015, and new hotels Hilton and Sheraton in 2016.

    Business ( Article MRec ), pagematch: 1, sectionmatch: 1


    Phase 2 and 3 will allow Travellers Group to increase retail space by 60 percent and add 1,100 rooms to the existing 1,226 rooms in Resorts World Manila’s hotels – Maxim’s, Marriott and Remington.

    Sian said given more rooms, Travellers Group can nearly double its gaming area, which is currently comprised of more than 300 tables and more than 1,800 slot machines.

    The expansion program will be fully funded amid the postponement of Travellers Group’s public share sale.

    “If we don’t do the IPO, we can always go to the debt market. We have unutilized debt capacities and the company has cash,” Sian said. To date, the company has $250-300 million in credit line.

    Early this month, Travellers Group Inc. decided to defer its P42-billion IPO given volatile market conditions. Proceeds of the share sale were intended to finance Phase 2 and 3 of the 12-hectare Resorts World Manila.

    “We will wait for the right timing,” Sian said, adding that the company will revisit its listing plan once the market stabilizes.

    Sian said Travellers Group’s $1.1-billion Resorts World Bayshore will be opened in 2017, at the earliest.

    The casino complex is located in Entertainment City, a 120-hectare property reclaimed from Manila Bay. Pagcor Entertainment City is the country’s answer to the Las Vegas, Singapore and Macau gaming hubs.

    Resorts World Bayshore will be the last integrated resort complex to start operations in the Entertainment City. The three other casino license holders are Bloomberry Resorts Corp. of port magnate Enrique Razon, taipan Henry Sy’s Belle Corp. in partnership with Macau’s Melco Crown Entertainment Ltd., and Japanese gaming tycoon Kazuo Okada.

    “We believe that with the opening of Solaire, we are expanding the market,” Sian said, adding that Resorts World Manila is enjoying a foot traffic of 18,000-20,000 a day, which spikes to as high as 30,000 during weekend.


    RESORTS WORLD BAYSHORE will open in 2017!

  3. I can already tell this Resorts World Manila Bayshore theme park is never going to happen!!

    Sian said the decision to expand Resorts World Manila, instead of starting with Resorts World Bayshore in the Entertainment City of state-run Philippine Amusement and Gaming Corp (Pagcor) is a recalibration that has "nothing to do with the "tax issue" with the Bureau of Internal Revenue (BIR).

    The BIR earlier revoked the tax exemption of state-run Pagcor.

    "The catchment area of Resorts World is better than Bayshore," Sian said, adding that five airlines are expected to transfer operations in the adjacent Ninoy Aquino International Airport Terminal 3 (NAIA3).
    Source:
    http://www.interaksyon.com/business/66711/resorts-world-manila-expansion-goes-full-blast-as-operator-pushes-back-bayshore-project

  4. research007 is offline themeparX Top Investigator
    Join Date
    Oct 2011
    Posts
    420

    Resorts World Manila Bayshore delayed

    Integrated gaming and entertainment firm Travellers International Hotel Group Inc. has changed its game plan and will now focus on expanding its Resorts World Manila with a fresh investment of $600 million before going full-blast with a second, and potentially larger, project at the Pagcor Entertainment City.
    Sian said that the group has yet to schedule the groundbreaking for Bayshore.
    He estimated that, at the earliest, phase 1 of the second entertainment hub could be completed by 2017 or 2018.
    Source:
    http://business.inquirer.net/133173/travellers-to-spend-600m-for-resorts-world-expansion

  5. This may affect progress on the project:

    Travellers International Hotel Group Inc has confirmed in a letter to the Philippine Stock Exchange it has postponed indefinitely an initial public offering on the bourse. It had aimed to raise up to US$854 million (6.82 billion patacas).
    Source:
    http://www.macaubusinessdaily.com/Gaming/Travellers-confirms-IPO-delayed-indefinitely

  6. Development will also commence for the Resorts World Bayshore site in Entertainment City within the year.

    Bayshore Manila is three times the size of Resorts World Manila and the biggest casino project in the Entertainment City.
    Source:
    http://manilastandardtoday.com/2013/05/11/genting-tan-bare-travellers-ipo-plan/

  7. After Resorts World Manila in Newport City, Travellers will next work on its new entertainment hub, the $1.1-billion Resorts World Bayshore in Pagcor City, the country’s future Las Vegas-like gaming and entertainment strip.
    Source:
    http://business.inquirer.net/121227/resorts-world-operator-files-ipo-bid

  8. research007 is offline themeparX Top Investigator
    Join Date
    Oct 2011
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  9. research007 is offline themeparX Top Investigator
    Join Date
    Oct 2011
    Posts
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    No theme park for Resorts World Manila Bayshore?

    No mention of any theme park in this article:

    “The development of Resorts World Bayshore will include a five-star, 600-room Westin Hotel and an iconic structure, the Grand Opera House with an intention to make the Philippines the Broadway of Asia,” Genting said.

    Travellers Group will start building Resorts World Bayshore this year and plans to commence commercial operations in 2016.
    Source:
    http://www.philstar.com/business/2013/04/10/928814/phl-eyed-broadway-asia

  10. Is this a genuine announcement? Warner Brothers Movie World in the Philippines?



    Source:
    http://www.pinoyexchange.com/forums/showthread.php?t=549162&page=2

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