Ayala Land buying 5-star hotel, seeks more foreign hospitality partnerships

The Zobels’ real estate giant Ayala Land Inc. is beefing up its hospitality portfolio will the planned major acquisition, new international partnerships, and the renovations of existing Seda hotels. During the firm’s first quarter briefing, ALI President and CEO Anna Ma. Margarita B. Dy said they are looking at the -acquisition of a 500 key, five-star hotel in Metro Manila” and “forming new international hotel partnerships.” Dy said ALI is also undertaking the renovations of four of its hotels, three of which were fully closed for faster project delivery.“We're looking to reopen Abreeza and Cagayan de Oro. Those are both set up within the third quarter, and Lagen resort as well, within the third quarter. Holiday Inn is in the fourth quarter,” she said.She noted added that, “we will continue this upgrade program with five hotels scheduled to commence renovation by the first quarter of 2026.”Meanwhile, Dy said 88 percent of ALI’s new hotel keys will rise from its estates including a new hotel in the Arillo leisure estate which will be relaunched soon. For the first quarter of 2025, ALI reported that its revenues from hotels and resorts expanded 10 percent to ₱2.6 billion anchored on improving occupancy and room rates, notwithstanding the closure of hotels undergoing renovation.Excluding the four hotels currently under renovation, Dy said ALI’s hospitality revenues rose 25 percent year-on-year, and “This highlights the strong performance of our operational assets with 70 percent occupancy levels.”**media[9484]**