GLOBAL hotel brand Dusit International is set to build a resort and residences project in La Union amid the bullish outlook for the property market in the province.
On Friday, Dusit officially launched the dusitD2 San Juan, which will be located within the upcoming 7.1-hectare Waves Beach Club and Residences development in San Juan, La Union.
To be located at the beachfront of the mixed-used resort development, the project will feature two Dusit-branded components—the dusitD2 Resort and the DusitD2 residences—and will feature an eight-storey hotel with 174 rooms and two levels of basement parking.
dusitD2 San Juan will developed by the partnership between Dusit International and the alliance of RCL Realty and Consulting Services, Inc. and Brightbeam Corporation, which is the developer of Waves.
“Facilities will include gym, spa, swimming pool, two restaurants, two bars, and a 1000-capacity function room. Guests will have direct access to the property’s private beach in Urbiztondo, the famed surfing spot,” RCL said.
Apart from the hotel, the resort project will also offer residences divided between two to three condominium towers with a minimum of 88 units and a minimum of 50 Villas.
The villas, to be called dusitD2 residences, will feature beach-front apartments with sizes ranging from 189 square meters to 261 square meters.
“In keeping with the dusitD2 brand, each property will combine cutting-edge design, high-tech connectivity and efficient, modern conveniences to meet the needs of today’s hyper-connected travelers,” Dusit said.
Earlier this year, RCL chairman and chief executive officer Fausto Liriano said the development cost of the entire beach front of the development is targeted at P1 billion.
“The entire development from the beach front is 2.5 hectares, of which 7,500 square meters will be the DusitD2 hotel and the rest will be condominium for residential services. The entire beach front, what we are expecting to spend is P1 billion,” Liriano said. “For dusit [D2] we will be spending around half a billion—from P400 million-plus to P500 million—and likewise on the condominium.”
Evelyn Singson, vice chairman and president of Philippine Hoteliers, Inc, the owner of Dusit Thani Makati, said, “The arrival of dusitD2 branded properties in La Union signifies positive growth in the real estate and property development industry of Region 1. The project is the first of its kind in the area and is expected to bring in more tourists, second-home buyers, and other forms of investments to the area.”
Liriano said the location of the project is going to be a selling point of the development. “With its strategic location just a few minutes away from the main road and highway, it is highly accessible to hospitals, schools, banks, stores, restaurants, and other places of interest. We are confident that the dusitD2 Resort, San Juan will be a huge success,” Liriano said.
Waves will be developed under a joint venture between RLC and developer Brightbeam Corp., with Brightbeam holding a 90-percent stake and RLC owning 10 percent.