SM Prime (PSE:SMPH) hospitality arm, SM Hotels and Convention, plans to invest 5.3 billion Philippine pesos over five years.
The funds will be used to expand the company's meetings, incentives, conventions, exhibitions (MICE) operations, starting with major projects in Cebu and Pasay in the Philippines.
The SMX Convention Center Seaside Cebu, opening in the third quarter of 2026, will offer over 21,000 square meters of leasable space and integrate with SM Seaside Arena and Mall.
In Pasay, the 18,000-square-meter SMXCITE is set to open by the first quarter of 2027.
The initiatives are expected to drive strong growth in both cities and boost tourism, SM Prime said.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。