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Boracay Newcoast Megaworld Properties for Sale

Megaworld unit spending P10 B to build Boracay, Batangas hotels

7/1/2016

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(The Philippine Star) | Updated July 1, 2016

MANILA, Philippines - Megaworld subsidiary Global-Estate Resorts Inc. (GERI) is pouring in P10 billion to complete five hotels in Boracay and Alfonso, Batangas in the next three years.

​This year alone, the company is alloting P6.5 billion for capital expenditures, higher than the P5 billion capex last year.


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