Suntrust Resort said in its first quarter results announcement, filed to the Philippine Stock Exchange on Friday, that “the construction of structural works up to level 10” had been completed as of March-end. “The podium façade works are in progress,” it added. “The major mechanical, electrical, and plumbing equipment has been delivered to the construction side.”
The complex is part of the Westside City project. It is to feature 460 five-star rooms, and a casino establishment that “would cater to both mass and VIP markets,” according to information previously disclosed by the firm. The project had been described as having a price tag of approximately US$1 billion.
Last month, LET Group said it was seeking financing to complete the development of the casino hotel being developed by Suntrust. At the time, the firm stated it was proposing to seek financing for the project from a local financial institution through Suntrust Resort.
