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MANILA, Philippines – The SM group has debuted in mainland China’s hospitality space, offering a property with 325 guest rooms in Xiamen city, as it tweaked its strategy to concentrate future investments in Fujian province, birthplace of the late founder, Henry Sy Sr.
In a chance interview, SM Prime Holdings (SMPH) chair Hans Sy said he had just come from Xiamen for the opening of the group’s new hotel under the label Voco, a four-star hospitality brand under InterContinental Hotels Group PLC (IHG).
READ: SM Prime sets P5.3-B, five-year capex convention centers, hotels
“It’s a business hotel but catering to young families,” Sy said.
