Movenpick Resort and Spa Cebu Formerly the Hilton Resort Hotel

Movenpick Resort and Spa Cebu, formerly the Hilton Resort Hotel, has set aside P100 million for the renovation of the hotel in Lapu-Lapu City, Mactan Island, an executive said.

Oikonomous International Resources Corp. chairman Manny Osmena said the renovation of the hotel and the two residential towers will be implemented in three months but it will not get in the way of their daily operations.

"We will do these in phases so as not to disturb the guests. We have to plan this properly so they will not be affected," Osmena said.

Osmena and Movenpick director of business development Helmut Gaisberger introduced the Movenpick brand to the local media.

Movenpick assumed management of the Oikonomous property after the management contract with Hilton Worldwide ended last March 31.

Osmena said the partnership with Movenpick was similar to a "whirlwind romance," saying the negotiations happened quickly.

"It was so fast, I could not believe it," he said. He said it began when he was trying to work out some projects outside of the Philippines.

Though the original contract with Hilton was for them to manage the hotel and condominiums for 15 years, he said Oikonomous and Hilton agreed to the termination "very mutually."

The contract with Movenpick is also good for 15 years.

Osmena admitted that he did not talk to condominium residents about the change in management, but assured that 99 percent of the residents were satisfied with how the condominium is run.