Cebu Landmasters, YHES top off The Paragon Davao

Property developer Cebu Landmasters Inc. and partner YHES Inc. recently topped off The Paragon Davao—a P3 billion mixed-use development envisioned to be a lifestyle and convention destination in Davao City, according to a report by Manila Standard.

CLI said in a stock exchange filing Monday The Paragon Davao, which has a gross floor area of 80,000 square meters, would house a 263-room hotel and 26-storey residential tower.

“We’re pleased that The Paragon Davao will be completed just as Southern Mindanao fully opens up to travel and heightened business and leisure activity. It will serve as a natural catalyst for economic growth in the area,” CLI chairman and chief executive Jose Soberano III said.

Fred Yuson, president of YHES Inc., the joint venture of CLI and the Villa-Abrille family, said Pragaon Davao would be one of the largest mixed-use developments in the city.

“The Paragon Davao will be a lively destination for locals as well as a destination or venue for meetings, incentives, conventions and exhibitions that will draw business travelers from other parts of the country,” said Yuson.

The residential tower, One Paragon Place, with 554 units, is expected to start turnover in the fourth quarter of 2023.

The hotel, Citadines Paragon Davao, is set to open its doors in 2024 and will feature well-appointed hotel rooms and serviced residences.

It is CLI’s fourth hotel in partnership with international hotel operator, The Ascott Limited, and is expected to help boost the listed company’s hotel leasing revenues.

The 2.9-hectare The Paragon Davao will also include The Paragon Davao Convention Center with a grand ballroom that can accommodate up to 2,500 guests, The Paragon Davao Lifestyle Mall will have 4,398 sq. m. of gross leasable area.

The property is masterplanned by CallisonRTKL in collaboration with top Philippine architectural firm RMDA.

CLI is expected to launch other horizontal projects in Davao City.