LILOAN-based Duros Land Properties Inc. has pursued its tourism ventures amid global uncertainty and the economic pinch caused by the Covid-19 pandemic.
The group set up Duros Hotels Inc. to manage the firm’s three hotel properties—One Tectona Hotel in Liloan and Cebu Quincentennial Hotel in Cebu City—which are in varying levels of completion and Gana Island Resort in Siargao Island, which was temporarily closed due to the pandemic.
These three hotel projects have a total of 184 rooms and are expected to be operational next year.
“Duros Hotels Inc. was born during the pandemic because we saw the need. During the pandemic, we found time to explore what we have. We have a golf course, so for you to come here you need a hotel. So we developed One Tectona Hotel. It is very encouraging because there are plenty of investors,” said Fe Barino, president of Duros Land Properties, in an interview Tuesday, Oct. 12, 2021.
Fe said the thrust of Duros Hotels is to build themed hotels.
One Tectona Hotel intends to capture the golf tourism market, which is popular among Koreans and Japanese which are Cebu’s top foreign source markets.
The Duros Group owns an 18-hole Par 72 international golf course located in barangay San Roque, Liloan.
“Sixty-percent of the market of One Tectona Hotel is for golf tourism. We will be offering golf packages,” said Adie Gallares, head of hotels at Duros Hotels Inc.
One Tectona Hotel is a 100-room, four-star hotel set to open in mid-2022. It will feature an international restaurant, coffee shop, swimming pool, game room, meditation garden and sports bar, among many other amenities.
Cebu Quincentennial Hotel, on the other hand, is located along Cardinal Rosales Ave., Cebu City. It is positioned to attract faith-based tourism. The hotel is located in 23 Minore Park, an integrated development where membership-shopping center Landers and the IEC Pavilion are located.
Gana Island Resort is a 38-room boutique resort in Siargao Island, Surigao del Norte.
Rafaelito Barino, chairman of the Duros Group, said the group’s robust investment in the hospitality sector is in anticipation of the tourism recovery following the gradual easing in travel restrictions and the rollout of the government’s vaccination program.
“These are the new investments that we are launching,” said Fe. “Even during the time of the pandemic, we are not stopping. We are spending money to prepare for the economy to open.”
Fe added that besides these three hotels, the company is also planning to build a 100-room Airport Hotel in Panglao, Bohol.
“We conceptualized this before the pandemic. We will revisit this project. We will keep an eye on the economic situation, but this is in the pipeline,” said Fe.
10th year anniversary
Duros Land Properties is celebrating its 10th anniversary with the vision of “Shaping vibrant cities of the future.”
Besides expanding its hotel portfolio, the company is also expanding its residential projects
Duros Land has a landbank of more than 300 hectares and is poised to establish multiple developments spread in six barangays in Liloan. (KOC)