Ayala grows Makati print with New World buyout
‘This move reflects our continued focus on offering a cohesive and high-quality guest experience across key locations.’
Daily Tribune‘This move reflects our continued focus on offering a cohesive and high-quality guest experience across key locations.’
Photograph courtesy of Ayala Land
Ayala Land Inc. (ALI) has acquired New World Hotel Makati to expand and strengthen its presence in the country’s leading financial and commercial district.
The company said Monday the property will become part of the portfolio of AyalaLand Hospitality (ALH), ALI’s hotel and resort development arm, as it expands in high-growth urban centers such as Makati, where it already operates several business and lifestyle hotels. ALI, however, did not disclose the amount of the transaction.
“This move reflects our continued focus on offering a cohesive and high-quality guest experience across key locations,” said George Aquino, CEO and president of AyalaLand Hospitality.
Dynamic partnership
“The addition of New World Hotel Makati complements our existing portfolio and reinforces our commitment to serving evolving customer needs in one of the country’s most dynamic cities.”
Located across Greenbelt and near major offices and luxury retail areas, New World Hotel Makati is seen as a prime addition to ALH’s hospitality lineup.
Operations at the hotel will continue without disruption, with the existing team retained and all current bookings honored.
