Montecarlo Realty and Development Corporation is now building a 7-storey hotel right at the heart of the city, as disclosed by workers onsite.

Tentatively named ONE MONTECARLO HOTEL, it is located right across Casa Azucena within Marfori Compound, the property which straddles between Corrales Avenue, Pabayo Street and Archbishop Hayes Street. This will be the company’s second hotel project with Budgetel being the first.

As shown, the developer is using the same construction method used in Mallberry Suites’ expansion. The main structural steel frames are being installed first.

I first posted this development last December 28, 2010, but I thought it was just part of the on-going building renovation.

Work on the foundation and elevator shaft is also underway. Just browse over the photos below.

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