Published on : Friday, June 30, 2017
Anchor Land Holdings Inc. or ALHI is gradually debuting into tourism and dormitory development, expanding its revenue stream in the upcoming years. This upscale property developer improved its capital spending for this year amounting to P8-billion against last year’s P5-billion respectively. ALHI is chiefly paying attention on the financial support of its Anchor Grandsuites project and the development of its corporate office.
By 2018, ALHI prepares to break ground for hotel and resort projects in two major tourist hubs in the country: Boracay and Coron.
Besides, the projects in Boracay and Coron will break ground by 2018. Another project that is in pipeline with tourism initiatives is its Aseana City project in the Pagcor Entertainment City complex in the Manila Bay Area.
To quote Steve Li, ALHI vice chair and chief executive officer in a recent interview after Anchor Land’s stockholders meeting on Thursday, ‘funding for these future projects is internally generated and bank sales are still very strong.’
The beachfront Boracay hotel and resort development will go up to a 26,000-square meter property at the same time the Coron Hotel and Resort development will inhabit 3,000 square meters. Both of them are still in the design stage and up for construction in 2018.
Aseana City Project – Anchor Land’s fourth residential development with a boutique hotel – will increase to an 8,000-square meter lot down the Belle Avenue located at the ASEANA Business Park. This wishes to knock the market carried on by gaming and leisure establishments.
To quote Li, ‘I think the tourism industry is really a sunshine industry and we have seen lots of foreign tourists that come over.’
Tags: Anchor Land Holdings Inc