Banyan Tree Manila Bay is the first internationally branded ultra-luxury hotel and residential project in the Philippines, promising to provide a new standard for the country's luxury hospitality and high-end living experiences.
This will be the first iconic development through the collaboration of Banyan Tree Manila Bay, an internationally renowned brand for upscale hotels and resorts, and Nest Seekers International, a New York -based luxury real estate brokerage firm.
The partnership was officially announced at Cove Manila, Okada, on June 25, 2024, in an event filled with performances highlighting the real essence of the Banyan Group: culture and sustainability. This also marked the revelation of the mixed-use, multi-tower property known as Banyan Tree Manila Bay.
Known for pushing boundaries with naturally luxurious and ecologically sensitive hospitality, the Banyan Group ensures that sustainability design practices, and green technologies are incorporated in all their properties worldwide, and that includes the Banyan Tree Manila Bay that features eco-friendly elements aligned to its environmental sustainability mandate.
On the other hand, Nest Seekers International adds deep global reach, with over 50 offices in high end, metropolitan cities such as The Hamptons, Beverly Hills, London, Paris, among many others. With its involvement in over 200 ongoing luxury development projects worldwide and transactions of more than US$100 billion, it cements the firm's position as one of the leaders in the luxury real estate market.
With these unique strengths, values, and expertise, collaboration will underscore their credibility as a strategic partner in Manila's burgeoning luxury real estate sector.
Introducing the Banyan Tree to the Philippine real estate market
The decision to establish the Banyan Tree Manila Bay was attributed to Manila's burgeoning luxury real estate market, as observed in prime property prices that rose by as much as 27 percent within the first quarter of 2024 compared to the previous year.
This growth creates favorable circumstances for real estate investment as it generally aligns with increased consumer confidence, better incomes, and general profitability. It also becomes noteworthy as it outpaces similar markets in key cities, including New York, London, and Hong Kong.
“We are thrilled to introduce the Banyan Tree brand to the Philippines through Banyan Tree Manila Bay. As the country experiences rapid growth, we are honored to offer prospective buyers a chance to be part of a global hospitality brand, supported by a vast network of hotels, resorts, spas, and golf courses,” says Eddy See, President and Chief Executive Officer of Banyan Group, in an interview. “Reflecting our hallmark of sustainable luxury design, Banyan Tree Manila Bay is strategically located in dynamic Manila, poised to set a new benchmark for luxury living in the Philippines,” he added.
Andy Regalado, Chief Marketing Officer and Regional Director for Asia at Nest Seekers International, expresses enthusiasm for the collaboration, "Nest Seekers International is excited to partner with Banyan Tree Manila Bay on this prestigious development in the Philippines. With Manila emerging as a global hotspot for prime residential properties, the timing is ideal for such a project. Beyond meeting our clients' demand for true luxury, this collaboration will pave the way for more branded luxury properties to invest in the Philippines, further enriching its luxury real estate market."
Located within the areas near entertainment hubs, business districts, and cultural sites, Filipinos can look forward to the exciting experiences that Banyan Tree Manila Bay promises. On top of this proximity to mentioned areas which makes living more convenient to different lifestyle needs, the stunning view of Manila Bay and unforgettable panoramic sunsets make one's stay at Banyan Tree Manila Bay worthwhile and memorable.
More than that, the blend of exquisite design and world-class amenities makes it even more promising. The luxurious hotel and residences will feature spacious and dynamic rooms, a restaurant, bar, swimming pools, a children's play area, a fitness center, 24-hour concierge services, and a rooftop bar—all designed to offer a sophisticated living experience. Additionally, a podium area with meeting facilities will cater to guests with business and meeting priorities. The renowned and award-winning Banyan Tree Spa is also available, offering visitors a calming and relaxing retreat.
Its residential property is also an anticipated feature of the project. Consisting of a wide range of units, penthouses, bi-levels, prime units, and units with two and three bedrooms, Banyan Tree Manila Bay offers various options that cater to diverse living preferences and needs. Premium amenities and facilities await future residents, providing a comfortable and high-end living experience.
Currently, the first phase of the construction for its hotel and residential building is underway, with plans for subsequent phases to be discussed in the future.
This groundbreaking milestone of Banyan Tree Manila Bay, in partnership with Nest Seekers International, proves that the country is capable of providing luxury properties to cater to the demands of both local and international investors. Its emphasis on sustainability and incorporation of cultural references make it more unique and attract further potential buyers.