SECURITIES AND EXCHANGE COMMISSION

SEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2 (c) THEREUNDER
1. August 25, 2016
Date of Report
2. SEC Identification Number: 167423

3. BIR Tax Identification No: 000-477-103

4. MEGAWORLD CORPORATION
Exact name of Issuer as specified in its charter
5. Metro Manila
Province, Country or other jurisdiction of incorporation or organization
6. (SEC Use Only)
Industry Classification Code
7. 28th Floor, The World Centre
330 Sen. Gil Puyat Avenue
Makati City, Philippines 1227
Address of principal office
8. (632) 867-8826 to 40
Issuers telephone number, including area code
9. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of
the RSA
Title of Each Class

Number of Shares of Stock Outstanding

Common
Preferred
Total

32,239,445,872
6,000,000,000
38,239,445,872

10. Item 9(b)

Please see attached Press Release.

SIGNATURE
Pursuant to the requirements of the Securities Regulation Code, the Issuer has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
MEGAWORLD CORPORATION
Issuer
By:

FRANCISCO C. CANUTO
Senior Vice President and
Corporate Information Officer
August 25, 2016

Megaworld to further grow own local hotel brands

Property giant to launch first Savoy Hotel this year as it opens more Belmont Hotels in Boracay and Cebu

MANILA, Philippines, August 25, 2016 As part of its business strategy in strengthening its
recurring income, Megaworld is also expanding its hotel business with the launch of its third hotel
brand this year and the expansion of Belmont brand outside Metro Manila.
Savoy Hotel will be the newest hotel brand of Megaworld, which is set to open in Boracay
Newcoast by the end of this year.
The 530-room Savoy Hotel Boracay will be a first-class resort hotel to rise in the 150-hectare
tourism township in the eastern part of the island. The P2.2-billion hotel will feature the countrys
first concert pool arena, overlooking the refreshing views of Sibuyan Sea.
Another Savoy Hotel is also set to open in the 25-hectare Newport City in Pasay City by next year
with 684 rooms. It will be the last hotel to open in the leisure and entertainment township that is
home to the famous Resorts World Manila.
The company is also constructing another Savoy Hotel in its 20-hectare The Mactan Newtown in
Lapu-Lapu City, Cebu. With close access to the beach, Savoy Hotel Mactan Newtown will rise 18
storeys high with 547 rooms. This new hotel is set to open in 2018.
Megaworld is spending P5-billion to build the three Savoy Hotels in Boracay, Cebu and Manila.
Part of our goal is to make this hotel brand visible in our other townships across the country,
reveals Jericho Go, senior vice president, Megaworld.
As it launches Savoy Hotel, Megaworld has also allocated an additional P3.5-billion to expand its
Belmont Hotel brand. At present, the first Belmont Hotel operates in Newport City, offering 480
rooms and featuring first class amenities such as podium gardens, 24-hour fitness center and
workout area, a penthouse pool bar and Caf Belmont.
By 2018, Belmont Hotel will also open in Boracay Newcoast with 407 rooms and another one in
The Mactan Newtown in Cebu with 550 rooms a year after.
Our rapid expansion of our very own hotel brands is an indication of Megaworlds diversification
as a real estate company, and at the same time, our commitment to support the countrys tourism
industry, says Jericho Go, senior vice president, Megaworld.
At present, Megaworlds Richmonde Hotel brand has three hotels in the country, namely,
Richmonde Hotel Ortigas, Eastwood Richmonde Hotel and Richmonde Hotel Iloilo, with a total of
449 rooms.
Also set to open under this brand is Twin Lakes Hotel in the sprawling 1,200-hectare Twin Lakes in
Alfonso, Batangas near Tagaytay. This new hotel will offer 126 rooms and is set to be completed
next year.
By 2020, the three local hotels brands of Megaworld will have a total of around 3,800 hotel rooms.
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