Cebu Landmasters, Inc. Acquires the Abaca Resort Mactan, to Expand Cebu's Top-Rated Resort
September 11, 2019 at 09:00 pm EDT
Share
Cebu Landmasters, Inc. (CLI) recently announced the expansion of its resorts development with its acquisition of the Abaca Resort Mactan property. The all-suite Abaca Resort Mactan is a luxury resort in the Punta Engano area of Mactan island that has received the higher ratings from global travel experts. With a footprint of 4,328 sqm., the property is one of the few remaining prime properties in the area with an attractive oceanfront and just a short drive from the Mactan Cebu International Airport.
Cebu Landmasters, Inc. is a Philippines-based residential developer in Visayas and Mindanao. The Company has more than 115 projects in different development stages and has a diverse portfolio of residences, offices, hotels, mixed-use properties and townships across 16 areas in the VisMin region. Its segments include Real Estate, Hotel Operations, Rental and Management Services. The Company's real estate segment covers the development and sale of residential and office units to individual and corporate buyers. Its rental segment includes leasing of office and commercial spaces to corporate organizations. Its management services segment is focused on the management of real estate projects and upkeep services to condominium corporations and housing associations. Its hotel operations segment relates to the management of hotel business operations that caters to hotel guests. Its subsidiaries include CLI Premier Hotels Intâl. Inc. and Cebu Landmasters Property Management, Inc.