PHILIPPINES PRESS-Ayala Land to invest $245 million in hotels-Inquirer

11-Apr-2014 Intellasia | Reuters | 6:00 AM Print This Post

Ayala Land Inc, the Philippines’ top developer, is investing around 11 billion pesos ($245.9 million) to scale up its interest in the local tourism industry with the goal of doubling its hotel and resort room inventory to 4,100 by 2016, the Philippine Daily Inquirer newspaper reported.

http://in.reuters.com/article/2014/04/10/philippines-press-ayala-land-idINL3N0N203D20140410

 


Category: Philippines

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