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Samal's prime resorts ready for new tourism landscape

Samal's prime resorts ready for new tourism landscape
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Discovery Hospitality to manage wellness destination in Negros Occidental

Discovery Hospitality to manage wellness destination in Negros Occidental
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Discovery World unit, Samal Shores enter management deal

BusinessWorld
April 28, 2021 | 12:04 am
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DISCOVERY Hospitality Corp. (DHC) has signed a contract with Samal Shores, Inc. to manage the latter’s resort project in Davao del Norte’s Samal island that is set to open next year.
“The opening of Discovery Samal is part of the commitment of DHC to widen our reach across strategic locations,” DHC Chief Operating Officer and Discovery World President Jose C. Parreno, Jr. said in a statement on Tuesday.
The contract will add the upcoming project to the portfolio of hotels and resorts under the property management company of publicly listed Discovery World Corp. Samal Shores is a subsidiary of CSG Holdings Corp. ....

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Discovery Hospitality to launch Kip & Kin brand in Palawan, Siargao

Discovery Hospitality to launch Kip & Kin brand in Palawan, Siargao
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MPIC eyes investment in Discovery World

March 16, 2021 | 12:06 am
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INFRASTRUCTURE conglomerate Metro Pacific Investments Corp. (MPIC) is in talks with the owners of Discovery World Corp. for a “potential investment.”
“There are ongoing discussions with the Tiu family for a potential investment in Discovery World Corp. and/or its subsidiaries,” MPIC said in a disclosure to the stock exchange on Monday.
“However, no definitive agreement has been signed to date. We will inform the Exchange and the investing public in the event any disclosable transaction is signed,” it added.
Without mentioning MPIC, Discovery World said in a separate disclosure: “As… the company is proceeding with the development of its various projects, it is open to investor groups who are supportive of such projects.” ....

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