Ayala Land buys New World Hotel Makati

Property developer Ayala Land Inc. (ALI) has acquired the 580-room New World Hotel Makati.

ALI said the acquisition is part of its broader strategy to invest in high-growth urban centers, especially Makati, where it already operates several business and lifestyle hotels.

 “This move reflects our continued focus on offering a cohesive and high-quality guest experience across key locations,” said George Aquino, chief executive and president AyalaLand Hospitality.

“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,” he said.

The hotel, located across Greenbelt and near major offices and luxury retail spots, is seen as a valuable addition to AyalaLand Hospitality’s growing hotel portfolio.

Hotel operations will remain uninterrupted during the transition. The current staff will be retained, and all existing bookings will be honored. AyalaLand Hospitality.

The company said it would ensure a smooth handover, while maintaining the hotel’s service standards.

ALI earlier reported plans to invest $500 million to help double its hotel capacity to 8,000 keys by 2030. Through Ayala Land Hospitality, it operates the homegrown Seda hotels and the El Nido Resorts luxury chain in Palawan.

AyalaLand Hospitality is also looking to build a five-star hotel in Cebu and another in Batangas, which will have 400 to 600 rooms.

ALI now has more than 4,000 hotel rooms across 15 locations. Average occupancy rate for city hotels is at a high of 85 percent, while occupancy rate for resorts range from 60 percent to 65 percent.