Summit Ascent also holds convertible bonds in Suntrust Resorts Holdings, Inc. (PSE: SUN). Suntrust is a subsidiary of Summit Ascent’s parent company, LET Group Holdings Limited. Suntrust is developing Westside City Project in Entertainment City, Manila, the Philippines. When all phases of Westside City Project are ready, it will consist of:
Westside City Project will be integrated with the shopping malls, theatres, restaurants, and shopping streets, etc. to be built by Suncity’s partner Westside/Travellers International Hotel Group Inc. They will also build additional hotel rooms, a shopping mall, a Grand Opera House, restaurants, a theatre district and an additional of approximately 2,000 car park spaces.
| Development | Westside City Project, Manila, The Philippines | |
|---|---|---|
| Location | Heart of Manila’s Entertainment City, 8 minutes to Ninoy Aquino International Airport | |
| Land area | Total gross floor area of over 200,000 sqm on a piece of land of approx. 44,000 sqm | |
| Components | Main Hotel Casino (to be built by Suntrust) Main Hotel Casino owned under Suntrust
|
Westside (to be built by Westside City Resorts World Inc.)
|
| Highlights |
| |
Themed with distinctive identity and fashion, the casino hotel offers over 450 five-star rooms. The architecture and interior design team perfectly blends art and modern techniques to present a sense of luxury and elegance, allowing guests to discover a spectacular and ultimate enjoyment throughout their accommodation experience.
The resort offers its international portfolio of dining & wining experience for guests throughout the day.
The resort’s Whisky & Cigar Lounge is stocked with a handpicked selection of whiskies and cigars, making it a perfect place for the exquisite enjoyment.
LET Group Holdings Limited (“LET Group, HKEx:1383”) holds approximately 69.66% of Summit Ascent Holdings Limited (“Summit Ascent”, HKEx: 102), the operator of one of the largest integrated resorts Tigre de Cristal in Vladivostok, Russia. Through Summit Ascent, LET Group participates in the development of Tigre de Cristal. Since November 2020, Summit Ascent increased share ownership of Tigre de Cristal to approximately 77.5%.
Tigre de Cristal is the largest integrated resort in the Primorye Integrated Entertainment Zone in the Russian Far East. Located in the heart of Northeast Asia, it is approximately a 20-minute drive drive from Vladivostok International Airport to Tigre de Cristal. Vladivostok is only 2 hours away from key North Asian cities such as Seoul and Tokyo.
Phase I of Tigre de Cristal started operations in 2015, offering a wide selection of distinctive restaurants and entertainment. The hotel features 121 rooms and suites, providing luxury accommodation for guests. The visitors can also enjoy a wide range of leisure activities, including fine dining and bars, live performances and entertainment facilities.
Summit Ascent possesses the development rights on two adjacent parcels of land, namely Lot 9 and Lot 10, in the Integrated Entertainment Zone in Primorye region. Tigre de Cristal Phase I is built on Lot 9. Phase II will be built on the land of Lot 10, with an area of over 150,000 m2. There are still land parcels for Phase III & IV for development in the future.
| Development | One of the largest integrated resorts in the Russian Federation | |
|---|---|---|
| Location | Vladivostok, Integrated Entertainment Zone (IEZ) in the Russian Far East (Located around 20 mins from the Vladivostok airport) |
|
| Land area | Phase I [Lot 9] Over 90,000 sqm; Phase II [Lot 10] Over 150,000 sqm; | |
| Components | Phase I (currently operational) [Phase I GFA: 35,000 sqm]
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Phase I + Phase II (to be opened no earlier than 2025) [Phase 2 GFA: over 65,000 sqm]
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Tigre de Cristal’s upscale hotel rooms and suites offer guests the ultimate five-star luxury. Bright minimalism and graceful simplicity are embodied in the interior design of the hotel.
The restaurants and bars at Tigre de Cristal provide guests with extraordinary journeys of culinary delicacies from all over the world.
Cascade offers mouth-watering international cuisine in a luxury interior setting.
Authentic Chinese cuisine such as hot pot is newly added to the property amenities, to offer guests an authentic Chinese hot pot experience in the Far East of Russia.
The Whiskers Bar is located in the heart of the gaming hall, open to guests through 360 degrees.
Guests can enjoy a variety of international dishes, a large selection of cocktails, entertainment shows and weekly Super games. Whiskers is an ideal place to revel in amusement while savouring our gastronomical specialties.
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