AGI eyes becoming PHL’s biggest hotel developer by 2020

By Kris M. Crismundo

MANILA, Aug 20 (PNA) — Alliance Global Group, Inc. (AGI), a publicly-listed firm led by Andrew Tan, eyes to be the country’s largest hotel developer by 2020 by developing 12,000 hotel rooms within six years, the company said in a disclosure to the Philippine Stock Exchange (PSE) Wednesday.

“By the year 2020, we envision our group to be the largest hotel developer in the Philippines, with a total portfolio of around 12,000 hotel rooms. These hotel rooms will be offered under 12 different local and global hotel brands. The global brands include Marriott, Hilton, Sheraton, Westin, Okura and Maxims,” said Tan, AGI Chair.

Currently, AGI has a total of 1,900 rooms including Richmonde Hotel in Ortigas, Eastwood Richmonde Hotel, Marriott Hotel, Maxims Hotel and Remington Hotel in Newport City, and Fairways and Bluewater in Boracay Newcoast.

The additional rooms that will be developed in the next six years include 2,000 rooms in Newport City; 2,800 rooms in Resorts World Bayshore City; 1,900 rooms in Boracay Newcoast; 2,700 rooms in The Mactan Newtown in Cebu; around 400 rooms in Iloilo Business Park; and more than 180 rooms in Twin Lakes, Tagaytay as well as in other parts of Metro Manila.

“Once completed, our 12,000 hotel rooms can accommodate up to an estimated 2-million visitors per year. It is one way we can help the government achieve its yearly tourist targets,” Tan said. (PNA)