New Ayala mall, hotel planned

/ 01:26 AM December 09, 2014

MANILA, Philippines—Property giant Ayala Land Inc. plans to build a new shopping mall and hotel complex at the Aseana City complex adjacent to Pagcor Entertainment City, riding on the vast tourism potential of the future Las Vegas-style gaming strip along Manila Bay.

Industry sources said ALI was close to hatching a deal to lease a portion of the 204-hectare Wenceslao estate for the planned mall and hotel complex.


The mall and hotel complex, according to sources, will be built across from the City of Dreams Manila, the integrated gaming estate of the Sy family-led Belle Corp. and Macau casino giant Melco Crown.

ALI president Bernard Vincent Dy said the project was still in the planning stage.


Separately, ALI is also set to manage a 5,000-square-meter shopping complex at Bloomberry Resort Corp.’s $1.2-billion Solaire Resort & Casino complex.

“We are ecstatic that Ayala Land will be building a mall and hotel right across from the City of Dreams. It adds to the clustering effect of mixed-use resorts in Entertainment City,” said Belle vice chair Willy Ocier.

The Philippines is seen shaping up as the next VIP (very important person) gaming destination in Asia as new integrated resorts rise at Pagcor City, where gross gaming revenues are seen doubling to at least $3.5 billion by 2016 from last year’s level.

Subscribe to Inquirer Business Newsletter
Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Ayala Land, gaming and casinos, hotel, property, Real Estate, Shopping Mall, Tourism
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.