Property
Metro Manila hotels hold ground amid slump
Hotel occupancy in Metro Manila remained stable at 64 percent in the first half of 2025, up one percentage point from last year, according to real estate consultancy Colliers. However, occupancy is expected to hover just above 60 percent for the rest of the year amid weak foreign tourist arrivals and an incoming wave of new hotel rooms.
SM Prime unveils P7B Megamall redevelopment plan
SM Prime Holdings Inc., the real estate development arm of the Sy Group, is investing P7 billion to transform SM Megamall, one of the Philippines’ most iconic shopping destinations, into a next-generation lifestyle hub, with phased completion slated between 2027 and 2029.
Aboitiz, Yuchengco groups seal Tarlac estate deal
LIMA Land, Inc., a wholly-owned subsidiary of Aboitiz InfraCapital (AIC), and House of Investments (HI), the holding company of the Yuchengco Group, have entered into a joint venture agreement to co-develop a 184-hectare mixed-use estate in Tarlac.
Filinvest Development raises P8B from preferred shares offer
Filinvest Development Corp. raised P8.0 billion through its maiden preferred shares offering, with strong investor demand allowing the diversified holding company of the Gotianun Group to exercise the oversubscription option.
Megaworld targets 9,000 hotel rooms by 2030
Megaworld Corp. is aiming to grow its hotel room inventory to 9,000 keys by 2030, up from the current 6,000, as part of a broader strategy to boost the country's tourism, conventions, and events sectors. The expansion aligns with parent firm Alliance Global Group Inc. 's (AGI) thrust to consolidate and strengthen its hospitality assets.
