Mary Ann Ll. Reyes (The Philippine Star)

Exciting developments for the island of Boracay.

It will be recalled in 2011, the Alliance Global Group, Inc. (AGI) of business tycoon Andrew Tan acquired for P5 billion a majority stake in Sobrepeña-led Fil-Estate Land Inc. That same year, AGI relaunched Fil-Estate Land as Global-Estate Resorts Inc. (GERI) to engage in the development of integrated tourism estates. In 2014, GERI was consolidated under Megaworld Corp. when the latter acquired AGI’s stake in GERI.

According to information from the PSE website, GERI has a diversified portfolio of integrated projects.

By: Doris Dumlao-Abadilla - Reporter

A consortium led by property developer Double Dragon Properties Corp. has broken ground in Boracay Island for what will soon be the biggest hotel in the Philippines in terms of room count: a 1,001-room “eco-friendly” beachfront hotel under homegrown Hotel 101 brand.

Hotel 101 Resort-Boracay – the fourth development under Hotel 101 brand – will rise on a two-hectare beachfront cove of Boracay Newcoast, a 150-hectare tourism estate of Megaworld Corp.’s leisure estate subsidiary Global-Estate Resorts Inc.

​MANILA, Philippines – The "biggest" hotel in the country is set to rise in the tourist destination of Boracay Island.

"The Hotel101 Resort-Boracay will soon rise on the beachfront of Boracay Newcoast featuring 1,001 rooms and is expected to become the biggest hotel in the Philippines in terms of room count," DoubleDragon Properties Corporation said in a disclosure to the Philippine Stock Exchange (PSE) on Thursday, February 1.

"The project will sit on a two-hectare property on the beachfront cove and support environmentally friendly operations and sustainable tourism," it added.