JW Marriott, the luxury brand of the Marriott International hotel, has signed a memorandum of agreement with Cebu-based premier development company AppleOne Group Inc. for the development of the first ever 5-star hotel in Panglao, Bohol.
MEMORANDUM OF AGREEMENT SIGNING FOR JW MARRIOTT PANGLAO, BOHOL -- Photo shows (from L-R): Continent Head, Global Design and VP, Interior Design of Marriott International Karen Kim; VP for Hotel Development Asia Pacific, Marriott International Steve Baek; AppleOne President and CEO Ray Manigsaca; AppleOne co-founder and Chairman Venus Manigsaca signing the MOA for the establishment of 5-star hotel and spa in Panglao, Bohol.
According to a statement, the deal for the JW Marriott Panglao Island Resort & Spa was signed by executives from the two partners on June 17 in Singapore. There was no mention of the investment requirement for the five-star hotel.
Following the success and multiple recognitions gained by The Sheraton Cebu Mactan Resort and Mahi Center in Cebu, AppleOne is thrilled to bring their expertise in hotel and property development to one of the country’s prime tourist destinations that is Bohol.
AppleOne president and chief executive officer Ray Manigsaca together with his wife and AppleOne co-founder and Chairman Venus Manigsaca personally inked the deal with JW Marriott.
In signing the deal, the husband and wife tandem said they saw the future of the industry in Bohol. The province boasts of endless nature-charged experiences in the tropical island life from chasing waterfalls, soaking in cave pools, swimming next to aquatic creatures, to getting lost in the beauty of the Chocolate Hills.
“Surviving the worst effects of the pandemic, people are now eager to make up for the lost time and travel, and we intend to bank on that. We want to entice them more by bringing the luxury experience to the regions starting with Bohol which we believe they will enjoy even more because of the experiences and tourist destinations,” Manigsaca said.
JW Marriott is part of Marriott International’s luxury portfolio and consists of award-winning properties and beautiful resort locations around the world. The upcoming luxury property development in Panglao will be added to its roster of over 100 luxury hotels in more than 35 countries. JW Marriott promises to ensure that the new hotel will offer modern conveniences and 5-star amenities in Panglao.
This is AppleOne’s third partnership deal with Marriott International, following the successful birth of the international brand’s placement in Cebu through the Sheraton Cebu Mactan Resort and the Fairfield by Marriott Cebu Mactan that is located within the premises of Mahi Center. This is a testament to AppleOne’s strong relationship and continued partnership with Marriott International.
AppleOne is strongly committed to helping enrich the lives of Filipinos and elevate industry standards across the regions. It is in constant pursuit of partnering with international luxury property brands as it holds on to its ultimate goal of turning the spotlight on the Philippines as a premier travel destination that offers not only unique experiences but also luxury and comfort away from home.