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Ayala To Redevelop El Nido

Author: Bill Barnett. Category: Hotels. Posted: 21st Nov 2013

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I'm in Manila today and making hotel news is Ayala Land's acquisition of the 40% shareholding of Conservatory Co. in leading destination El Nido.

The development is now 100% controlled by Ayala who plan to expand the 300-hectare multi-resort product into a larger destination complex, which will include a residential component.

Ayala remain significant investors in the hospitality sector with the InterContinental, Holiday Inn and Seda In Manila and Cebu Marriott in their asset portfolio.

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