It's Official: Ayala Land Acquires New World Hotel Makati
Ayala Land, Inc. (ALI) announced on Monday, June 30, that the real estate firm has acquired New World Hotel Makati, a five-star hotel across Greenbelt. This comes more than a month after Anna Maria Margarita B. Dy, ALI president and CEO, said that the company plans "to acquire a 500-key, five-star hotel in Metro Manila (and form) new hotel partnerships." It did not identify the property back then.
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The acquisition expands ALI's subsidiary AyalaLand Hospitality’s (ALH) portfolio, which includes the homegrown Seda Hotels (with 11 properties all over the Philippines), the boutique resort Huni Lio within Lio Tourism Estate in El Nido, and El Nido Resorts (with four island resorts in Palawan). ALI also partnered with international hotel companies, Accor for Fairmont and Raffles Makati; and IGH for Holiday Inn & Suites Makati.
"This move reflects our continued focus on offering a cohesive and high-quality guest experience across key locations," said George Aquino, CEO and President AyalaLand Hospitality. "The addition of New World Hotel Makati complements our existing portfolio and reinforces our commitment to serving evolving customer needs in one of the country’s most dynamic cities."
L-R:Â George Aquino, President and CEO AyalaLand Hospitality; Kwok Yan Chi, New World International Development Philippines; and Jose Eduardo Quimpo II, VP & Head of Corporate Finance, AyalaLand, Inc.
ALH ensures that all New World Hotel Makati operations remain uninterrupted, with the existing team retained and all current bookings honored.
