P500-M six star hotel to rise in Daan Bantayan

CEBU CITY, Philippines - To complement the position of Malapascua island as a premier tourist destination, Cebu-based MSY Holdings Corp. is building a P500-million six-star hotel in barangay Agujo, Daan Bantayan, north Cebu.

Martin Philip S. Yeung, MSY Holdings Corp. chief operating officer (COO), said that the 18-room exclusive facility would be completed in the middle of next year.

Yeung said he was upbeat about Malapascua island’s prospects because of the planned opening of an airstrip in Daan Bantayan.

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