Andrew Tan, a wealthy Filipino businessman, escalates tourism investment through a $113 million project by Megaworld corporation.
Unleashing Nascala Coast: Megaworld's Magnificent Masterpiece in Batangas
The property titan, Megaworld - an Alliance Global venture led by billionaire Andrew Tan - is lavishing extra love on its tourism ventures. This time, it's crafting a spectacular leisure complex named Nascala Coast in the heart of Batangas province, south of Manila.
Prepare to be captivated! Megaworld has pledged a whopping 5 billion pesos ($113 million) over the coming five years to transform a 116-hectare beachfront property into an integrated residential, leisure, tourism, and commercial township.
Nestled amid the coastal town of Nasugbu, renowned for its scenic beaches and mountains, Nascala Coast promises to be a dreamy tourism and leisure haven for outdoor enthusiasts, thanks to its proximity to Manila, around 88 kilometers away.
"More than a mere destination, Nascala Coast is envisioned to be a thriving coastal address where nature's beauty and generational prosperity harmoniously blend," asserts Monica T. Salomon, president of Global Estate Resorts Inc, a Megaworld unit.
Nascala Coast will be Megaworld's 36th township and its fourth in Batangas. This exclusive address will join Megaworld's impressive leisure estates portfolio in Batangas, including the 1,200-hectare Twin Lakes Vineyard township that overlooks the majestic Taal Lake and Volcano, the luxurious San Benito Private Estate, the Lialto Beach and Golf Estates, and more. Two-thirds of Megaworld's townships are strategically situated in areas outside of Metro Manila, such as Bacolod, Boracay, Cebu, and Ilocos.
Out of its 59 billion peso investment budget this year, Alliance Global will allocate 55 billion pesos towards projects like hotels, townships, offices, malls, convention centers, and residential towers.
To cement its position as one of the country's biggest hospitality groups, Megaworld teamed up with French hotel chain Accor recently to rebrand its Belmont Hotel Mactan in central Philippines into Mercure Mactan Cebu. With seven home-grown hotel brands and 13 properties possessing 7,000 rooms, Megaworld aims to expand its hotel room portfolio to 9,000 by opening seven more hotels in the next three years.
Besides Megaworld, Andrew Tan's diversified interests include Emperador - the world's biggest brandy maker, the Philippine franchisee of McDonald's, and a casino resort. Tan currently boasts a net worth of about $2.4 billion, making him the fourth-richest Philippine tycoon, according to Forbes' real-time data.
[1] Megaworld Corp.'s Nascala Coast to be 36th township[2] Megaworld to invest P5 billion in Batangas leisure complex[3] Megaworld breaks ground on P5B Nasugbu tourism project[4] Megaworld launches Nascala Coast, its 4th Batangas township project
So, buckle up as we embark on this thrilling journey towards Nascala Coast, where the fusion of exquisite natural beauty and enriched living awaits!
- Megaworld, led by Andrew Tan, has pledged to invest finance in rightsizing Nascala Coast, situated in Batangas, turning it into an integrated real estate property that includes hotels, residential areas, leisure facilities, and commercial spaces, in a bid to bolster tourism business.
- Beyond the Nascala Coast development, Alliance Global - under Andrew Tan's leadership - also aims to expand its hotel room portfolio, working alongside Accor, by opening seven more hotels in the next three years, in order to further grow its business in the hospitality sector.
