Hyatt Regency sold; to reopen as hotel-casino

(The old Hyatt Regency in Pasay City, Manila photo by Filbuild.com)

BUSINESSMAN/singer-songwriter Jose Mari Chan has sold the once-famous Hyatt Regency Hotel in Manila to the Sunwest Group of young Bicolano businessman Elizaldy Co. Sunwest owns the luxury resort Misibis Bay Raintree in Cagraray Island, Albay.

The hotel is scheduled to reopen by April 2010, as Midas Hotel and Casino, to be managed by Genesis Hotels and Resorts, a hotel-management firm headed by Miguel Cerqueda, former general manager of The Manila Hotel. (Click here for the rest.)