ALI rebrands hospitality arm, to spend over $500 M

Property giant Ayala Land Inc. (ALI) is spending over $500 million in the next five years to accelerate the growth of its newly rebranded hospitality arm.

- By RICHMOND MERCURIO

ALI has unveiled a new chapter in its hospitality business, Ayala Land Hospitality (ALH), relaunching the brand with an aggressive expansion mapped out.

"At present, we have over 4,000 rooms, making us one of the largest hospitality players in the country. By 2030, we aim to nearly double that number and achieve a double digit annual growth over the next five years," ALH CEO George Aquino said.

"These goals will be propelled by a capex investment of over $500 million," he said.

ALH is consolidating its portfolio which spans homegrown brands like Seda Hotels, El Nido Resorts and Huni, Lio, alongside international luxury names such as Raffles Makati, Fairmont Makati and the upcoming Mandarin Oriental Makati.