The Ayala Group, through its subsidiary AyalaLand Hotels and Resorts Corp. (AHRC), is looking to triple its hotel room portfolio, primarily on the back of a Seda hotels expansion to various segments.
AHRC Chief Operating Officer Al Legaspi told reporters on Thursday that the company currently had 10 hotels undergoing construction, which will add on to its existing 2,000-room portfolio.
“Right now, we have 2,000 rooms. Under construction is another close to 2,000 [rooms],” Legaspi said.
While not disclosing further plans, he added: “In the next five years, we expect to have 6,000 rooms.”
The AHRC chief said the 10 hotels currently being constructed would “open on a staggered basis starting next year towards 2018.”
“We have 10 hotels under construction. Nine of them are Seda [hotels]and we’re also doing the Mandarin Oriental. We also have different platforms of Seda: resorts and service apartments,” he said.
He cited bright prospects in the tourism sector, which is expected to contribute significantly to Philippine economic growth in the next few years.
A Seda hotel is present in Palawan’s El Nido Resorts, which is also operated by the AHRC. The firm also has two serviced apartments under the SEDA brand, one in Makati City and one in Cebu City, and plans to build another in Bonifacio Global City.
Asked if AHRC would be partnering to bring foreign hotel brands in the country, Legaspi replied: “At this point, we’re doing it all by ourselves. The only partner we’re collaborating [with]this time is the Mandarin Oriental for the hotel in Makati.”
Mandarin Oriental announced its closure last year, after 40 years of operations, and said it would be reopening in 2020 under AHRC.
The firm, which also be ending a management contract for the InterContinental Hotel – also in Makati – later this year, is scouting for opportunities to rebuild the 46-year-old hotel, Legaspi said.
The InterContinental earlier this month announced plans to close soon with Ayala Land, Inc. planning to redevelop the area in which it stands.