BUSINESS Manny Villar, Group Go Into Hotel, Hospital Business

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FORMER SENATE PRESIDENT and Speaker Manny Villar, wife Sen. Cynthia Villar and son Rep. Mark Villar. The Villar group has decided to go into hotel and hospital businesses in addition to their malls, condominiums, subdivisions and property businesses and lately, convenience stores,

 BORACAY, Malay, Aklan (via PhilAmPress) — Villar-led property holding firm Vista Land & Lifescapes Inc. has forayed into hotel business as part of its bid to become a complete real estate company.
Earlier, it was learned the group will go into hospital business as well, a sector where Manny V. Pangilinan and his Metro Pacific Group has forayed into.
“We are now having BPOs (business process outsourcing), malls and now we will start investing in hotels. We bought a small hotel,” Vista Land Chairman Manuel B. Villar Jr. said.
Villar said the company acquired the 54-room Boracay Sands Hotel in the island resort of Boracay in Malay, Aklan last December.
He said it is looking to build more hotels under a new brand with 150 to 200 rooms on its properties.
“We have lot properties in master-planned communities. We have quite a few prime properties. Tagaytay is one of them. We still have some properties in Metro Manila. Vista City is one of them,” he added.
Villar said the property firm has prime landbank in strategic locations where it can build more malls, hotels and BPO office buildings.
“We will have a decent number of malls, decent number of hotels, decent number of BPOs and that would be the program that would work as we maintain our shares in the housing market,” he further said.
On March 18, columnist Victor Agustin reported
first that for the former Senate President quietly ventured into the hotel business, acquiring the cash-strapped Sands Hotel in Boracay during the Christmas holiday rush.
According to regulatory filings, Villar sealed the purchase of the Boracay Sands Hotel on the last business day of the year, shelling out P157 million in cash for the 55-room property.

On record, the hotel was acquired not by the brown taipan but by a new Villar company called Vista Leisure Corp. from Malay Resorts, the columnist wrote.
The sale apparently had to be booked by yearend of 2015 so that the Villar company could escape taking a P7-million loss from the hotel operations.
Except for the Malay Resorts/Boracay Sands managing director Friedrich Santos, little is known about the previous ownership of the hotel.
Located at Station 3 on the island’s world-famous White Beach, Boracay Sands quotes a rack rate of $120 a night for a standard room and up to $300/night for the presidential suite.
And as a further indication that Villar has taken over the Boracay Sands management, the Metro Manila booking office for the hotel has been transferred to the property developer’s Presidio Lakefront complex in Sucat.
 Villar’s yearend venture into the lodging business was followed by a first-quarter retrenchment at his fledgling 24/7 retail venture, All Day convenience stores.
According to the grapevine,  All Day laid off the first batch of  20 mid-level employees amid competitive pressures from 7-Eleven and Ministop, offering the target employees one-month pay for every year of service, with the 13th month pay for 2016 and full-payment of existing car plan thrown in as sweeteners.
By its own count, All Day has already reached nearly 100 stores strategically placed in various Villar property developments since the retail chain was founded in 2008.
Villar is scheduled to open on March 31 another All Day supermarket near Taguig City Hall, competing with the more established Puregold in the area.
According to the grapevine, the Villar supermarket needs to hit P1 million of sales a day to break even. (Jo Erlinda Gabot Nebres)

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