SECURITIES AND EXCHANGE COMMISSION

SEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2 (c) THEREUNDER
1. January 11, 2017
Date of Report
2. SEC Identification Number: 167423

3. BIR Tax Identification No: 000-477-103

4. MEGAWORLD CORPORATION
Exact name of Issuer as specified in its charter
5. Metro Manila
Province, Country or other jurisdiction of incorporation or organization
6. (SEC Use Only)
Industry Classification Code
7. 28th Floor, The World Centre
330 Sen. Gil Puyat Avenue
Makati City, Philippines 1227
Address of principal office
8. (632) 867-8826 to 40
Issuers telephone number, including area code
9. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of
the RSA
Title of Each Class

Number of Shares of Stock Outstanding

Common
Preferred
Total

32,239,445,872
6,000,000,000
38,239,445,872

10. Item 9(b)

Please see attached Press Release.

SIGNATURE
Pursuant to the requirements of the Securities Regulation Code, the Issuer has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
MEGAWORLD CORPORATION
Issuer
By:

FRANCISCO C. CANUTO
Senior Vice President and
Corporate Information Officer
January 11, 2017


MEGAWORLD TO OPEN FOUR HOTELS THIS YEAR
Three hotels are Megaworlds local brands, one hotel under the Marriott international brand

MANILA, Philippines, January 11, 2017 Property giant Megaworld is set to open four new hotels
under its portfolio within the year, in a bid to further boost tourism in its various developments
across the country.
The company is set to open the Marriott Courtyard Hotel in Iloilo Business Park and the Savoy
Hotel Boracay in Boracay Newcoast by first half of this year, and Savoy Newport Hotel in Newport
City and Hotel Lucky Chinatown in Binondo, Manila, by the second half of the year.
The 15-storey Marriott Courtyard Hotel in the 72-hectare Iloilo Business Park township in
Mandurriao, Iloilo City, will offer 326 rooms and it will be the first Marriott brand to open in
Western Visayas. It is strategically located beside the iconic Iloilo Convention Center.
Last year, Megaworld announced that it is adding the Savoy Hotel brand, alongside Belmont and
Richmonde Hotels, as its homegrown hotel brands.
The first Savoy Hotel to be opened will be the Savoy Hotel Boracay Newcoast, a 559-room resort
hotel in the 150-hectare Boracay Newcoast development. The six-storey hotel will feature the
countrys first concert pool arena, which will be capable of hosting events in a pool setting.
The 11-storey Savoy Newport Hotel, on the other hand, will offer 684 rooms and will add to the
growing hotel offerings of the 24/7 leisure and entertainment complex of Newport City, which is the
home of the renowned Resorts World Manila.
In Binondo, Manila, the six-storey Hotel Lucky Chinatown will offer 93 guestrooms and will mainly
cater to Chinese tourists and businessmen as well as for those who are on a historic tour of Manila.
We see tourism as a potential driver of growth for Megaworld as we draw more people to our
developments. Within the next three to five years, we hope to see a bigger slice of hotel earnings in
our revenue pie as we open our new hotels, says Kevin L. Tan, senior vice president, Megaworld.
To date, Megaworld owns three homegrown hotel brands namely Richmonde Hotel, Belmont Hotel
and Savoy Hotel.
The company is operating three Richmonde Hotels in Eastwood City, Ortigas and Iloilo Business
Park; and one Belmont Hotel in Newport City. Three more hotels under its portfolio are scheduled
for completion within the next five years in various townships. ###