Ayala Land allots P11B for El Nido projects | Inquirer Business

Ayala Land allots P11B for El Nido projects

By: - Business Features Editor / @philbizwatcher
/ 05:23 AM July 10, 2017

The pristine Entalula beach, one of the island properties of Ayala Land in El Nido, Palawan

Property giant Ayala Land Inc., a leading investor in Palawan’s tourism space, has earmarked P11 billion to invest in world-renowned El Nido to flesh out the master plan for the burgeoning Lio beachfront estate and expand its chain of island-resorts within the perimeter through 2022.

Evolving from being an operator of island-resorts into an integrated tourism estate developer, ALI’s Ten Knots Development Corp. is now transforming the 325-hectare former copra farm Lio into a resort community guided by principles of sustainability and inclusive growth, Ten Knots chief operating officer Javier Hernandez said in a media briefing in Lio on Friday.

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By 2022, Ten Knots expects to have built up a total of 1,000 hotel rooms in El Nido, scaling up from its current inventory of 213 keys.

After opening late last year the 42-room boutique hotel Casa Kalaw, the very first accommodation in Lio, Ten Knots is set to open two more unique hotel concepts in the next month or two, Javier said. Balai Adlao, which will have 20 rooms, is envisioned to be a restful holiday accommodation while Hotel Covo, which will also have 20 rooms, is designed to cater to adventurous backpackers.

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Priced at P7,000 a night, Casa Kalaw is a Filipino-themed resort targeting families and returning overseas Filipinos.

The Balai Adlao will be priced at P6,000 a night, targeting young professionals, while Hotel Covo will be priced at around P5,000 a night, targeting European backpackers and millennials who travel in groups.

Seda Lio, which will have 153 rooms priced at P10,000 to P12,000 a night, is targeted to open by the fourth quarter of this year. This will be the first resort line under ALI’s Seda hospitality brand. The property is envisioned to cater to big groups, weddings, reunions and other functions.

To date, about P2 billion has been spent on the first phase of development of Lio, which has a four-kilometer beachfront. Apart from Casa Kalaw, a small retail area [email protected] has now opened along the beach promenade.

Boutique hotel Casa Kalaw, the first accommodation to open at Lio Tourism Estate

“What we’re trying to do is build a town. We started the town with infrastructure. Then we started it with access—seaport and airport—then accommodations and retail,” Javier said.

A new Lio airport terminal opened in April 2017. ALI’s airline Airswift now flies Manila-El Nido nine times a day during peak season and six to seven times during the off-peak period. There are two daily Cebu-El Nido flights and one flight connecting El Nido to Caliclan.

“Now what else goes into a town? Church, school, staff housing, public transport terminal, these are the components that we always put in to start an estate,” Javier said.

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Lio now has its own jetty port and jetty lounge for guests waiting for their boats for island-hopping.

A terminal for land-based transportation is also set to open by October 2017. To date, electric vehicles shuttle guests within the estate and to and from the El Nido town proper, which is about seven kilometers or 10 to 15 minutes away by road travel.

Likewise under development is Kalye Artisano, an artist’s village that will serve as a platform for various forms of visual and performing arts. Spearheaded by Bea Zobel Urquijo Jr. and daughter Paloma Zobel Urquijo, this segment will showcase crafts and creations from Philippine artists.

Sunset at Lio, the 300-hectare township being developed by Ayala Land in mainland El Nido

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TAGS: Ayala Land Inc., Business, Casa Kalaw, El Nido projects, Lio, Ten Knots Development
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