(Hong Kong, SAR, China, 17 November 2008) Quantum Hotels and Resorts, one of the leading condominium hotel and resort property management companies in the region, confirmed in an announcement today the completion of a two year double expansion of its hotel and resort properties across the Philippines. This expansion makes the Philippines a key component in its overall plans to more than double its current portfolio in Asia Pacific over the next years.
Quantum Hotels and Resorts recently opened two new properties: the Torre Venezia in Quezon City and The Residences at Fairways and Bluewater in Boracay Island, both in the Philippines. It is also expected to open two more properties in Boracay Island, Philippines, namely the Asiana Condotel and the Agrias Suites by mid 2009, adding more than 190 hotel rooms to the company’s existing portfolio on the resort island of Boracay. The group currently manages four other hotel condominium properties in Metro Manila.
“The resort market in the Philippines continues to grow from domestic tourists as well as new travelers from Korea, Japan and Russia. It is one of our major focus markets and will represent about 40% of the number of properties we are developing in our regional portfolio by 2010,” said John H. Cole, President and CEO, Quantum Hotels and Resorts.
The company has two new hotels and resort condos already opened and two others scheduled to be open throughout the Philippines under the Quantum Hotels & Resorts portfolio by the end of 2010. This includes the Torre Venezia, a 75 room boutique property located in the business and entertainment district of Quezon City and adjacent to the major television broadcast studios in the city, and the Residences at Fairways and Bluewater Newcoast, a 308 room property in Boracay Island, the Philippines’ most popular resort destination. Additional openings in 2009 include the 130 room Asiana Condotel and the 60 room Agrias Suites, conveniently located within the central beach stretch of Boracay Island.
“Quite unique in the industry, Quantum Hotels and Resorts operates multiple owner (strata titled) properties where individual apartment owners become shareholders in serviced apartment, condominium hotel and hotel operations. Each owner holds title to one room or apartment that is part of a profitable commercial hotel enterprise. We have developed a homeowner services department to properly service this specialized owner requirement. In addition, Quantum has a strong track record in assisting major developers with real estate sales by offering our professional after sales services to real estate investors,” added Mr. Cole.
Established in 2000, Quantum Hotels and Resorts management services were specifically developed to meet the requirements and standards of high to mid-level serviced apartments, residences, resorts and hotels. Each property managed by Quantum is unique, catering to the needs of its investors and partners while assuring its guests a high level of accommodation and service standards. Quantum’s extensive experience in all levels of property management, sales & marketing and guest and owner services brings the same depth and breadth of experience to every property under its management.
“Quantum offers regional and international market exposure as well as standardized operational services identical to larger hotel management companies. With offices in Hong Kong and the Philippines, property owners, managers and hotel guests can easily coordinate with our separate offices for support,” said Ms. Leilani T. Merilo, General Manager – Development, Quantum Hotels & Resorts.
Mr. Cole added, that “Quantum’s focused goal is to drive revenues to managed properties via our active reservations system, expertise and platforms in Sales & Marketing. As high revenues are delivered by our sales professionals, our expert team in operations and finance ensures both guest satisfaction and owner profitability. This is what we carry in our regional expansion and we are in current talks of expanding our portfolio in Thailand, Vietnam and China.”
“Our regionally focused growth of management services is based upon a platform of market driven sales, marketing and reservations systems coupled with a strong team of experienced professionals in Serviced Apartments, Suites and Residences from throughout the region. Quantum now has four city centered serviced apartment properties under management in the Philippines and has a development plan for regional expansion from its Hong Kong base,” Mr. Cole concluded.
Quantum Hotels and Resorts is participating in the real estate show MIPIM Asia from November 19-21, 2008 at the Hong Kong Convention and Exhibition Center, Wanchai, Hong Kong Island. The group is keen to meet hotel and resort developers to educate them on how Quantum’s experience and portfolio can benefit their hospitality projects.
For further information, visit www.quantumsuites.com
