From L-R: Mr. Gerard Vito (Head of Training and Business Development International Marketing Division), Engr. Virgilio J. Carsido (VP for Visayas Operations), Ms. Maria Teresa Y. Esquivel (President and Owner of ASEC Development and Construction Corporation), Engr. Levi Lopez (AVP for Visayas Operations).
On October 12, 2015, Megaworld Corporation Cebu held a groundbreaking ceremony for Savoy Hotel, one of the many soon-to-rise luxury hotels at The Mactan Newtown.
The ceremony is led by Engr. Virgilio J. Carsido, Jr., VP for Visayas Operations Megaworld together with Ms. Maria Teresa Y. Esquivel, President and owner of ASEC Development and Construction Corporation. The inauguration of the construction of the hotel serves as the start of Megaworld’s commitment to help Cebu’s tourism industry, specifically in Mactan Island, with the expansion of its 30-hectare The Mactan Newtown in Lapu Lapu City.
Savoy Hotel will be built along Newtown Boulevard of the township and is expected to be completed within five years.