Ayala Plans More Resort Projects

Developer Ayala Land, Inc. is keen on acquiring as much as 1,000 square meters of beach and island properties in Visayas in the next few years in order to expand the company’s growing tourism and leisure development portfolio, the firm’s top official said yesterday. 

“When you look at the map of the Philippines, the Visayas region is where you have a lot of islands. Islands have the best beaches. We will be focusing on that area, as a great way to attract tourists would be the interaction of beaches and tourist facilities,” Antonino T. Aquino, Ayala Land president, told reporters at the sidelines of the Asia-Pacific Real Estate Investment Summit Philippines at the Hotel InterContinental Manila in Makati City yesterday, when asked about Ayala Land’s land banking prospects for its future tourism-related developments.

Source: Business World