Property giant Ayala Land Inc. plans to debut into the affordable hotel property business and expand its industrial estate developments to establish new growth areas as a full-range property developer.
Listed Belle Corp. and Macau casino giant Melco Crown Entertainment Ltd. (MCE) have finalized their deal for the operation of the $1-billion Belle Grande hotel and casino, which is being built at the Pagcor Entertainment City in Parañaque City.
Property developer Century Properties Group Inc. is breaking into Bonifacio Global City’s burgeoning office and hotel property markets in partnership with the Alvarez group’s Asian Carmakers Corp (ACC).
MJC Investments Corp. (MJIC), the hotel and tourism estate development arm of the Manila Jockey Club group, plans to invest about P3.5 billion to build a luxury hotel at the San Lazaro Business and Tourism Park.
The Philippines is getting its fair share of classy and famous hotel brands, as Fairmont Hotels & Resorts announces the opening of the five-star Fairmont Makati along Makati Avenue, Ayala Center, next Monday, December 3.
Llast week Hyatt Hotels Corp. formally announced the signing of an agreement between Hyatt affiliate Hyatt Hotels & Resorts and the Bonifacio Landmark Realty and Development Corp. (BLC) for a Grand Hyatt hotel and Grand Hyatt-branded residences in the Philippines. BLC is a joint-venture company between property developer Federal Land Inc. and Japanese financial services group ORIX Corporation.
The group of retail tycoon Henry Sy is investing some P7 billion to scale up its hotel portfolio over the medium term, which will include its flagship luxury hotel that will rise within the Mall of Asia (MOA) complex and five new Park Inn Hotels in various countryside locations across the Philippines.
Dining out and staying in a hotel in France will become more expensive from the end of next year after the government announced plans Tuesday to hike VAT and hinted at an even bigger increase.
Gaming firm Leisure and Resorts World Corp. is teaming up with businessman Zaldy Co to buy out retailer Lucio Co’s 50-percent stake in the 200-room Midas Hotel and Casino along Roxas Boulevard.
Local property giant Ayala Land Inc. has bought out Saudi conglomerate Kingdom Holding Co. from their partnership in the Fairmont Hotel and Raffles Suites and Residences project in Makati, thus taking 100 percent control of the project ahead of the opening of the newest hotel properties in the central business district.
Starwood Hotels and Resorts Worldwide Inc., the world’s biggest operator of high-end business and leisure accommodations, has taken the first step to re-enter the booming Philippine market, signing a preliminary agreement with Resorts World Manila on a five-star hotel project at the latter’s Pasay City development.
Peninsula Hotel, and you can’t help envision the hotel’s grand façade flanked by some of the world’s most prestigious vehicles. For the flagship Peninsula Hong Kong, that means no less than 14 Rolls-Royce Phantom limousines, with extended wheelbase, and customized via the company’s bespoke equipment program.
