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Manila Bulletin devider Business devider The Stock Market devider Andrew Tan's AGI to inject ₱59 billion for leisure, hospitality, township expansion

Andrew Tan's AGI to inject ₱59 billion for leisure, hospitality, township expansion

Published Jun 19, 2025 06:34 pm
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Andrew Tan, is expanding its leisure and hospitality businesses under
During the firm’s annual stockholders’ meeting, AGI Chairman Tan said that, “leveraging AGI's unrivaled land bank, we are building even more thematic, self-contained townships that integrate smart residences, state-of-the-art work spaces, dynamic retail and leisure, and bespoke hospitality.”
“Our nationwide portfolio now comprises 35 thriving townships, which serve as the foundation of our sustained growth, enabling AGI to consistently perform well and capture emerging market opportunities in redefining premium living in the Philippines…
“AGI cements its position as the premium lifestyle conglomerate by raising every element of its products and services to global standards, all while keeping an authentic Filipino essence,” he added.
In the hospitality front, Tan said the group's hotel portfolio has surpassed the 8,000-room mark and is set to add approximately 4,000 keys over the medium term.
“Alongside the introduction of homegrown luxury hotel brands, expansions in Boracay Newcoast and the Mactan Newtown have been strategically planned to highlight what the Philippines has to offer: stunning landscapes complemented by world class Filipino hospitality.
“These developments integrate the pristine beaches and dynamic environments of this region, transforming them into globally competitive destination for leisure and large-scale events. Through them, we are able to capitalize on the resurgence of tourism and meetings, incentives, conferences and exhibitions for MICE activities,” noted Tan.
Most of Megaworld’s newest townships are located in popular tourist destinations such as Lialto Beach and Golf estates, San Benito Private Estates, and ilocannia Coastown.
“Megaworld has even bolder plans ahead. Our expansion strategy in 2025 and beyond builds on these strong foundations. AGI is committing ₱50 billion of its ₱59 billion capital expenditure in 2025 to megawatt accelerating key projects that support both expansion and environmental sustainability,” said AGI President and CEO Kevin L. Tan.
He said “At least two townships are set for launch this year to serve as new sources for growth in the future, these developments will feature energy efficient infrastructure, green spaces and bespoke designs, further strengthening Megaworld's leadership of sustainable urban development.”
The CEO said they are also expanding hotel room keys and MICE to create an integrated future-ready urban ecosystem beyond real estate.
Meanwhile, he said Travellers’ non-gaming revenues, consisting of hotels as well as food and beverage outlets has been supporting the company’s revenue growth.
“Travellers is now positioned for ambitious expansions backed by a ₱5 billion investment. This will fund its new integrated resort projects in the Westside City complex in Pasay City, Boracay Newcoast and Mactan Newtown in Cebu,” Tan said.
Capex will also fund the development of the Narra Palm Hotel and Villa “into a truly Filipino luxury destination” featuring “157 hotel suites and villas offering bespoke experiences and our world-renowned hospitality.”
“These developments redefined leisure by combining luxury hospitality with modern gaming, while integrating sustainable design to minimize environmental impact and enhancing community well being,” said Tan.

Related Tags

Alliance Global Group Inc. Megaworld Corporation Travellers International Hotel Group Inc. Andrew Tan Kevin L. Tan
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