MANILA, Philippines – Alliance Global Group Inc. (AGI) of tycoon Andrew L. Tan plans to bolster its hotel business in the Philippines in the next six years, making it the largest in the country by 2020.
Tan, chairman and chief executive officer of AGI, said during the Philippines Property Awards 2014 in Makati City that the group intends to bring its total number of hotel rooms all over the country to 12,000 by 2020.
The conglomerate to date has 1,900 rooms under its portfolio through seven existing hotels. These are Richmonde Hotel Ortigas, Eastwood Richmonde Hotel, Marriott Hotel, Maxims Hotel and Remington Hotel in Newport City, and Fairways and Bluewater in Boracay Newcoast.
“By the year 2020, we envision our group to be the largest hotel developer in the Philippines, with a total portfolio of around 12,000 hotel rooms. These hotel rooms will be offered under 12 different local and
global hotel brands. The global brands include Marriott, Hilton, Sheraton, Westin, Okura and Maxims,” Tan said.
Under its aggressive hotel business expansion plan, AGI will build more than 10,000 new hotel rooms in the next six years.
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AGI said all of the new hotel rooms will be built in Megaworld townships across the country.
The group said the expansion will likely include 2,000 new rooms in Newport City; 2,800 rooms in Resorts World Bayshore City; 1,900 rooms in Boracay Newcoast; 2,700 rooms in The Mactan Newtown in Cebu; around 400 rooms in Iloilo Business Park; and more than 180 rooms in Twin Lakes, Tagaytay as well as in other parts of Metro Manila.
The Megaworld group will complete around 8,600 of the rooms while Travellers International Hotel Group, Inc. will complete 3,400 rooms by 2020, the conglomerate said.
Megaworld is the property arm of AGI while Travellers is a joint venture with the world’s third-largest cruise line operator Genting Hong Kong. Travellers owns and operates Resorts World Manila across from Terminal 3 of the Ninoy Aquino International Airport in Pasay City.