Hyatt City of Dreams Manila is expected to open in 2014 and will feature 365 guestrooms in two hotel towers. The hotel is located in the gateway of Entertainment City overlooking the Manila Bay area and will provide guests access to a family entertainment centre, a live performance lounge and a nightclub. The hotel will offer two food and beverage outlets, a fitness centre and outdoor swimming pool.

Mandarin Oriental Hotel Group has signed a management contract for a new 275-room hotel which is part of a mixed-use development centrally located within Makati City. The new hotel is scheduled to open in 2020. The new Mandarin Oriental Manila will feature a variety of food and beverage options and a signature spa. It is being developed by Ayalaland Hotels & Resorts. The existing Mandarin Oriental, Manila on Makati Avenue is expected to close later this year.

Centara Hotels & Resorts recently held the grand opening of its newest resort at Sri Lanka’s Bentota peninsula. The resort has 165 rooms and suites, featuring views across the Bentota River or the Indian Ocean. The resort also features multiple dining options, a spa featuring Sri Lankan and Indian treatments and versatile event spaces that is supported by state of the art audiovisual equipment and facilities that can accommodate a wide variety of functions and meetings.

Mantra Group Limited has announced a fully underwritten Initial Public Offering that will provide Mantra Group with access to capital markets, giving the company the flexibility to pursue further growth opportunities. Mantra Group is a leading Australian acoommodation operator with 113 properties and over 11,600 rooms in hotels, resorts and serviced apartments across Australasia and Indonesia.