
Megaworld to build 374-room Savoy Hotel in Capital Town Pampanga
Property giant Megaworld is building its first-ever hotel development in Northern Luzon, which will rise inside its 35.6-hectare Capital Town in the City of San Fernando, Pampanga.

Property giant Megaworld is building its first-ever hotel development in Northern Luzon, which will rise inside its 35.6-hectare Capital Town in the City of San Fernando, Pampanga.

The company’s performance in the first quarter of 2023 marks its full recovery from its pre-pandemic performance. Consolidated revenues and net income are already 9% and 11% higher, respectively, compared to the fir quarter of 2019.

Six of the country’s biggest conglomerates, including Alliance Global – Infracorp Development, Inc., and a US-based infrastructure investment company submit unsolicited proposal to upgrade Manila’s Ninoy Aquino International Airport (NAIA).

Megaworld, the country’s pioneer developer of integrated townships, posted a net income of P4.6-billion in the first quarter of this year to surpass its quarterly performance during the pre-pandemic levels for the very first time.
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