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Showing posts with label accor. Show all posts
Showing posts with label accor. Show all posts

Wednesday, February 8, 2012

Stock News 2012: Araneta Group, Accor launch Novotel Manila Araneta Center proj

Smart Araneta ColiseumSmart Araneta Coliseum (Photo credit: Wikipedia)
The Araneta Group, led by its chairman and CEO Jorge L. Araneta and Michael Issenberg, chairman and COO of Accor Asia-Pacific, led the launch of the Novotel Manila Araneta Center with a ceremonial lowering of the time capsule and presentation of the hotel’s features.

The occasion marks the first time that Accor, acknowledged as the world’s leading “hotel manager,” will jointly invest in a Philippine based hotel. Issenberg expressed excitement that Novotel Manila Araneta Center will be part of the integration of hotels into the Accor Asia Pacific network.

Novotel Manila Araneta Center will be the only upscale hotel in Quezon City. With 415 rooms, a 600-sqm ballroom and large meeting facilities, the hotel is well positioned to cater to the needs of the 56,000 registered businesses in Quezon City and to the MICE (both domestic and international) market.

Its strategic location, at the intersection of two major thoroughfares (EDSA and Aurora Boulevard) and major mass railway lines (MRT 3 and LRT 2) will allow the hotel to position itself as the preferred venue for MICE events in Quezon City.

According to design consultant Sudhakar Thakurdesai, the Novotel Manila Araneta Center is the “crown jewel, a garden city within a city” in the overall master plan of redevelopment at the Araneta Center. Its interiors manifest a cutting edge high tech approach without losing its charm and bits of indigenous flavor.

Particularly exciting is the lush wedding garden, all-day dining areas that offer breath-taking views of the city and relaxing garden terraces. Overall, the composition of the hotel breathes elegance and functionality that will serve as a further catalyst for business in the area.

The hotel is directly adjacent to the world famous Smart Araneta Coliseum and connected to the Gateway Mall. The Novotel Manila Araneta Center will also showcase multiple function rooms, a gym and pool bar, upscale restaurants, and 250 parking slots spread out in a total floor area of 40,000 square meters.

The Araneta Group brings to the project more than half a century’s worth of expertise in food, retail, and leisure and property development. Parts of the group are Philippine Pizza Inc., franchisee and owner of Pizza Hut, Taco Bell and Dairy queen outlets in the Philippines, Uniprom Inc., leisure and entertainment company managing the 20,000-seat Smart Araneta Coliseum and Gateway Mall’s state of the art Cineplex 10, and Progressive Development Corp., responsible for new business and other investments of the group.

Together, the unique strengths of these two giants fuse into a collaboration of capabilities that will be imaged in the Novotel Manila Araneta Center.

The Novotel Manila Araneta Center is just one part of the Redevelopment Plan that is now in full swing at the Araneta Center. Almost simultaneously, the Coliseum Parking Building, the 18-tower Manhattan Garden City residential project and the Gateway Tower are rapidly rising from the ground and reshaping the Quezon City skyline.

http://www.philstar.com/Article.aspx?articleId=775307&publicationSubCategoryId=66

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Thursday, January 14, 2010

Stock News 2010: Acentic Acquired by PhilWeb Corporation and ISM Communications Corp

Sepia photograph of the "Atlas" stat...Image via WikipediaAcquisition paves the way for launch for expansion of Digital TV and HSIA services to the Asia and Middle East markets
Acentic, a leading supplier of digital interactive TV (iTV) systems for the hotel industry is pleased to announce the acquisition of the company by PhilWeb Corp. (WEB) and ISM Communications Corp. (ISM) which acquired a 65% stake in Acentic on January 11, 2010. The acquisition allows Acentic to further extend their digital TV and high speed internet access (HSIA) services throughout the European market and expand to the Asia-Pacific region, the fastest growing hotel market in the world.
The acquisition also strengthens the gaming offering Acentic will provide to its current and future hotel customers. WEB is one of the leading gaming and e-gaming technology companies in Asia.
"We are very excited about the entry of WEB and ISM in Acentic and about taking Acentic to the next level," said Alistair Forbes, CEO, Acentic. "Our digital TV and HSIA services are already in many of the world's leading hotel chains in Europe but as a perfect fit to the information technology business of ISM and the gaming expertise of WEB, we will be able to include Asia-Pacific in the list of growing regions that Acentic's in room hotel services are available in."
On December 24, 2009, WEB and ISM informed the Philippine Stock Exchange that through a jointly and equally owned Hong Kong special purpose vehicle entered into a binding agreement with Global Innovation Partners (GI Partners), a private equity firm based in the United Kingdom (UK), for the acquisition of a controlling 65% stake in Acentic. The remaining 35% of Acentic will continue to be owned by Niantic Holding GmbH, a German company controlled by Dr. Andreas Jacobs.
Forbes added: "Acentic's technology complements the information technology and telecommunications business of ISM as well as the gaming expertise of WEB. We're looking forward to the changes and growth this new dynamic brings to the Acentic family in 2010 and beyond. As a company that has always been dedicated to customer service and quality products, we remain dedicated to keeping our hotels happy and helping them deliver the best in room services possible to their guests.
"The substantial number of hotel rooms currently under contract to Acentic and the imminent roll out of Acentic Asia provides WEB with enormous opportunities to expand its gaming business, which is today limited only to the Philippine market, to many other major countries principally in Europe and the Middle East," said Dennis Valdez, President, PhilWeb (WEB). "WEB will have an instant platform of 200,000 rooms in Europe as a market for its internet gaming offerings. WEB's participation in the acquisition of Acentic will enable WEB to have a quantum increase in its business prospects worldwide and well beyond just the Philippine market."
According to Lodging Economics' latest Asia Pacific Pipeline Report, the Asia Pacific hotel pipeline is the second largest in the world and this region has two of the fastest growing economies in the world, China and India, with over 208,847 hotel rooms in the pipeline in China alone.
About Acentic
Acentic is an international provider of digital TV services to hotels. Acentic's digital content, technology, support and services deliver entertainment and revenue generation tools via the hotel television, providing a unique communications system that meets the evolving lifestyles of guests. Acentic's digital TV services are in many of the world's leading hotel chains including Accor, Dorint, Intercontinental Hotel Group, Hilton, Hyatt, Maritim, Marriott, Mövenpick and Starwood in more than 30 countries in Europe, Middle East and Africa. For more information, visit www.acentic.com.
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