How can condo units sell like hotcakes in Bacolod? I guess Bacolod has long been waiting for an upgrade in lifestyle… But just afraid to openly admit it? A couple of weeks after Megaworld announced its The Upper East project and the One Regis condo, all units were sold out. And now, they are announcing the launch of a new Bacolod hotel as well as upgrades to One Regis!
Indeed great things are coming for Bacolodnons. Bacolod real estate is booming exponentially!
Bacolod is already so excited to welcome Megaworld’s The Upper East development. And a couple of days ago, they revealed that they are going to build a luxurious P500-million new Bacolod hotel.
The luxury boutique hotel will be located inside the 34-hectare The Upper East township in Bacolod City. It will be located along the township’s six-lane Upper East Avenue and will feature 48 spacious suites.
So in about three years’ time, Bacolod will be able to host tourists in a five-star hotel! How exciting!
The hotel ballroom will become the biggest ballroom facility in Negros Occidental. It can accommodate up to 1000 persons in a buffet setting. Another noteworthy design is that it will be connected to an expansive tropical garden. While it is big, it can also be divided into three separate ballrooms for smaller events.
The hotel’s main lobby will be a retrofitted heritage house. They will make use of the old ‘guest house’ inside the Bacolod-Murcia Milling Company compound to retain the heritage of the place. Beside it will be another wing that used to house the guest rooms for visitors. This will be converted into a ballroom facility.
This new Bacolod hotel will be designed by renowned heritage architect and conservationist Dominic Galicia. Part of the design of this new Bacolod hotel would be the old structures. These will undergo ‘adaptive reuse’ to form part of its complex.
Galicia was the same architect of the redesigned building of the National Museum of Natural History in Manila.
“The entire hotel complex is anchored in the oldest structure, and it expands from this like wings. We will have the Ballroom Wing to the left and the Guest Room Wing to the right. As a landmark of Bacolod, it will express the noble intent of remembering and anchoring in a glorious past as we move towards what we dream to be a glorious future,” explains Architect Dominic Galicia.
Rachelle Peñaflorida, Megaworld Bacolod VP (sales and marketing), says, “This luxury boutique hotel will be another landmark in The Upper East. The hotel will be a perfect venue for conventions, weddings and memorable celebrations, as we help boost the MICE tourism industry of Bacolod.”
The hotel is expected to be completed in 2022.
Meanwhile, Megaworld also announces that it is upgrading its first residential condominium project, One Regis. They will be adding more amenities, residential floors, and parking facilities.
One Regis will now feature two penthouse floors – the lower and upper penthouses, a bi-level amenity deck with residential units, and executive residential floors. There will also be additional basement parking. Furthermore, One Regis will now become a 12-storey residential condominium.
“We saw an overwhelming reception to our first condominium development in The Upper East, so we believe that this project deserves an upgrade. It will boast of more amenities, more facilities, and more unit options for the Bacolod lifestyle,” explains Peñaflorida.
One Regis is scheduled for completion in 2022, with total projected sales of P1.2-billion. Megaworld is spending P28-billion to develop The Upper East in the next 10 years. This will be part of the P35-billion investment that the company is shelling for both Northill Gateway and The Upper East.