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Cebu Landmasters to open resort hotel in 2024 in preparation for tourism rebound

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Cebu Landmasters Inc said Wednesday it would open a P2.5 billion luxury resort hotel in 2024 in anticipation of post-pandemic demand.

Abaca Resort Mactan aims to tap "global travelers" in Cebu with its 125-room and panoramic ocean views located in Punta Engano, Lapu-Lapu City, formerly occupied by Abaca Boutique Resort, CLI said in a disclosure to the stock exchange.

Each room ranges from 40 to 50 square meters for Oceanfront Suites and 105 sqm for its Sky Villas concept, it said. “We see tourism in the Visayas and Mindanao driving the economy once global mobility is restored,” Soberano said.

 

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