By Maya M. Padillo
After series of negotiations since July this year, Escandor Group of Companies is now the new owner of the Royal House Travel Inn and Suites owned by the Nograles family.
The property now named Davao Royal Suites and Residences was turned over to the Escandor group on August 1. The newly-acquired property would be under the management of Benjie Banzon, general manager of The Royal Mandaya Hotel (TRMH). The new management has yet to set goals for the Royal Suites.
Speaking at a press conference Tuesday, Banzon said in three years time, the property will turn into a modern skyscraper and become one of the landmarks of Davao City.
It will be developed into a mixed-use development composed of a hotel, condo with a commercial component. Banzon said they will maximize the height limit of the area and if allowed will go for a 35-floor building.
For the long-term plan, the commercial property will house clinics, a complete amenity so that the guests and condo owners do not need to go out of the property.
Banzon said Escandor Development Corporation (ESDEVCO), the real estate arm of the Escandor Group of Companies will have a huge participation in the development of the condominium component.
In three years time, the newly acquired property will be closed for the start of the development. The property is more than 2,000 square meters in terms of lot area.
“As of the moment we are more on planning stage and it would take time as building high-rise structure is not easy because all details need to be discussed. We have to maximize the 2,001 square meters,” Banzon said.
Banzon said the lobby of the facility will undergo renovations. A design is being conceptualized and will be submitted in two weeks.
Davao Royal House is a combo business: dormitories (49 rooms), hotel (71 rooms), convenience store, laundry shop, and a restaurant (Tapsi Boy) aside from the coffee shop.
“This is to signify that the hotel business is doing good despite current challenges of of Martial Law and crisis in Marawi. We believe Davao City really five years from now would be the best destination for the Filipinos,” Banzon said.
Banzon assured that the new property will not create conflict with TRMH in terms of hotel guest accommodation.
“TRMH had been giving business to other hotels due to our over bookings. We normally provide spillovers to nearby hotels,” he said.