IDC Prime, a subsidiary of listed firm Italpinas Development Corp. (IDC), has partnered with Thailand-based Dusit International to bring two new hotels to Northern Mindanao.
The agreement, signed on Monday, positions Dusit as the hotel operator within IDC’s upcoming projects, while IDC will handle the development side, focusing on sustainable green designs. IDC Prime will deliver its sustainable green designs and trademark architectural style as the developer and owner. As an experienced hotel operator, Dusit Thani will bring its internationally recognized brand and top-notch guest experience.
Moena Mountain Estate and Firenze Residences
“Dusit International’s name and track record speak for themselves,” commented IDC President Jojo Leviste. “It is deservedly among the world’s most prestigious hotel brands, and it is an honor for us to be partnering with them.”
One of the two planned hotels, Dusit Princess Moena, will be located within IDC’s Moena Mountain Estate in the uplands of Manolo Fortich, Bukidnon.
Slated to open by the last quarter of 2029, this 1.5-hectare mixed-use development will consist of an eight-story green building and a group of luxury villas. The design will maximize fresh air and sweeping views from its hilltop site in Barangay Dahilayan.
The second hotel, Dusit Princess Firenze, is also scheduled to open by the last quarter of 2029. It will be located within IDC’s Firenze Green Tower project in the Limketkai area in the heart of Cagayan de Oro.
Prateek Kumar, Senior Vice President of Operations at Dusit International, said, “In IDC, we have found a partner who shares our values and vision for sustainable growth. The locations selected by IDC for its projects reflect exceptional foresight into the Philippines’ evolving growth story.
Both Firenze Green Tower and Moena Mountain Estate are pre-existing joint ventures between IDC, as the property developer, and the Go family, as the original owners of the two sites.
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