MANILA – Megaworld will be spending P65 billion to build a leisure and entertainment township at the Entertainment City in Paranaque City.
The Andrew Tan-led developer said the 31-hectare township, called Westside City, is envisioned to become the “Broadway of Asia” as it highlights facilities for the performing arts.
It will house the Philippines’ first Grand Opera House with a total capacity of 3,000.
The township will also house the country’s second Resorts World property, scheduled for completion by the last quarter of 2020.
Aside from gaming and performing arts facilities, the project also involves developing residential condominiums, a mall as well as international hotel brands such as The Westin Hotel of the Starwood Asia Pacific Hotels & Resorts Group, Hotel Okura Manila of the Okura hotels & Resorts, the Genting Grand and Crockfords Tower of the Genting Group, and Kingsford Hotel.
The hotels will have a total of around 1,500 rooms.
“We are very excited to see Westside City rising to be a showcase of Manila as a truly world-class Philippine capital,” said Tan, chairman and chief executive of Alliance Global Group Inc., the mother company of Megaworld and Travellers International.
Westside City is the company’s 20th integrated urban township. It is also the company’s second leisure and entertainment township, next to Newport City.
Megaworld earlier announced it is investing P30 billion to develop a 35.6-hectare township in San Fernando, Pampanga.