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Ayala starts construction of mall, hotel in Oro

Wednesday, December 1, 2010
[ sunstar.com.ph ]
AYALA Land Inc. has already started its pile driving this month for the much-awaited P4.5-billion Ayala Mall and Hotel along C.M. Recto Avenue, which is expected to open in 2012.
Engr. Emilio Tumbocon, Senior Vice President-VisMin Group of Ayala Land Inc., said the mall sits in a 70,000-square-meter three-storey environment-friendly building.
He said the Ayala Mall and Hotel in Cagayan de Oro will be similar to the high-end Cebu mall.
Aside from offering the latest trends and brands, Tumbocon said the mall will also serve as a recreational area for clients with its four movie houses, fine dining, fast food and merchandises from international brands.
Meanwhile, Tumbocon said the 17-storey hotel is designed to be environmentally sustainable with an interior that is innovative and classy mixed with modern architecture.
"The 150-room hotel will cater to the fast-rising city of Cagayan de Oro," he said.
Citing Cagayan de Oro as the gateway to other parts of Mindanao, Tumbocon said
Ayala Land is not putting the mall in the city to compete with other malls but to address the need of the city's residents.
"Ayala would make Cagayan de Oro as the major shopping destination in Mindanao since this would be the biggest mall in the region, which will further boost the city as a haven for investment," Tumbocon said.
After Cagayan de Oro, Tumbocon said Ayala Land is planning to put up another mall in Davao City. (Nicole J. Managbanag)
Published in the Sun.Star Cagayan de Oro newspaper on December 01, 2010.
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