MANILA, Philippines – Ayala Land Inc. (ALI) has officially taken over operations of New World Makati Hotel, strengthening its already dominant presence in the country’s top financial district.
The 500-room property, formerly managed by Hong Kong-based New World Development Co. Ltd., now joins ALI’s growing hospitality portfolio under its subsidiary, Ayala Land Hospitality (ALH). The move aligns with ALI’s strategy to optimize its assets in Makati, where it continues to be a key player in both commercial and residential developments.
“This acquisition complements our existing hotel network and supports our goal to address evolving guest preferences in a highly competitive market,” said George Aquino, president and CEO of ALH.
Operations at New World Makati will continue seamlessly, with existing reservations being honored throughout the transition period. While the land remains under ALI’s ownership, New World Development still holds 14 years on its lease agreement.
Looking ahead, ALH is allocating $500 million over five years to expand its hotel room inventory from 4,000 to 8,000. The expansion will be funded through a mix of debt and equity.
Recently rebranded to highlight authentic Filipino hospitality, ALH operates known brands like Seda, El Nido Resorts, Lio, and Huni. The group is focusing on growing within established Ayala estates—including Makati, Cebu, Davao, and Batangas—as part of a broader tourism-driven growth strategy.
Ayala Land reported strong first-quarter results, with net income rising 10% to ₱6.9 billion and consolidated revenues up 6% to ₱43.6 billion, powered by solid leasing and property bookings.
