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EL NIDO: P1B landbank follows island-resort dev’t

Published on Thursday, 20 December 2012 00:00 
Written by ALBERT CASTRO [ Malaya.com.ph ]
Malaya Business News Online - Philippine Business News | Online News Philippines
El Nido Resorts, the tourism development arm of Ayala Land, Inc. for El Nido in Palawan, is laying the ground works for this latest project in the area, according to  Ayala Land president Antonino Aquino.
Following its foray into island-resort development in the area, Ayala Land  is looking at an inland development of  its 500-hectare property in the main island of Palawan, also in El Nido, off the town’s only airport.
“The concept is (we want) to be able to develop island resorts and (capitalize) on the beach front. We have a long beachfront there,” Aquino said.
Aquino said they want to see a  more organized way like building resort villages along that coast. “There’ll be a combination of a hotel, and residential (development), that’s the concept,” added Aquino.
Aquino earlier said the beachfront runs three kilometers, which makes the area ideal for a tourism estate.
The development follows Ayala Land’s first three ventures in the area with the Lagen island resort, the Miniloc island resort and the Pangulasian island resort, all owned and operated by El Nido Resorts, which the former bought into in 2010.
In 2010, Ayala Land partnered with Asian Conservation Co. (ACC) , owner of the El Nido Resorts.
Land prices in some areas have been since tripled to as high as P600 per square meter as Ayala Land continues with its acquisition.
At P200 per square meter, El Nido is estimated to have spent at  least P1 billion for the whole 500-hectare property in the area.
Ayala Land is expanding its tourism-related business, seeing this as one of the “growth engines” of the country.
After El Nido Resorts, Ayala Land also bought Club Noah Isabel in Taytay, Palawan, which also operates an island resort at the northern tip of Palawan; El Nido faces the Western Philippine sea.
Aquino said they plan to replicate their Palawan foray into other parts of the country, particularly in the Visayas.
“We will be interested in similar locations in the region. When you look at the map of the Philippines,  the Visayas region is where you have a lot of islands. Islands have the best beaches. We should be focusing on that area,” Aquino  said in an earlier interview.
Aquino said Visayas is ideal for  tourism  with its various islands that have good marine life and healthy corals.
He added that Ayala Land eyes to have a total of 1,000 hectares of tourism-estates.
Compleenting the resort developments are several boutique hotels under the brand “Seda.”
Seda Bonifacio Global City  recently soft-opened with Seda Cagayan de Oro set to open before the year ends.
Al Legaspi, AyalaLand Hotels and Resorts Corp. (AHRC) chief operating officer, said they are set to add within the next 14 months a total of 665 rooms, spread out among four Seda properties, each within an Ayala Land mixed-use community.
Seda Bonifacio Global City will have 179 rooms, and will be within easy access of the restaurants and shops of Bonifacio High Street and Serendra within the emerging business district, AHRC said.
The second, Seda Centrio, Cagayan de Oro with 150 rooms, will be within the Centrio ALI mixed-use development which includes offices and retail. The Abreeza, Davao and NUVALI projects are scheduled to open in the first and last quarters of 2013 respectively.
Before El Nido resorts, Ayala Land had another tourism-development, Anvaya Cove and Nature Club in Bataan.
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