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Thursday, April 10, 2014

ALI: Investing Php11Bil in its hotels and resorts

ALI is investing Php11Bil with the goal of doubling its hotel and resort room inventory to 4,100 by 2016. Based on its estimates, investment per room added is about Php4 to Php6Mil. The investments will go to the areas of Bacolod, Iloilo, Makati Circuit, Seda Lio, Arca South, Quezon City, Makati, Bonifacio Global City and Cebu, most of which will be under the Seda brand. Almost half of the amount, around Php5 to Php6Bil, will be used for the expansion of developments in El Nido, Palawan, where ALI will introduce a resort line for its Seda brand, “Seda Lio”. Meanwhile, Php2.5Bil is to be allocated to the Seda hotel to be built in Quezon City, which will be in a larger format of 438 rooms.

Source: Inquirer

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