PASAY | Newport City [mix]

[InfinitiFX45]

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Genting inks $1.1-B loans to fund Phl projects
By Donnabelle L. Gatdula | The Philippine Star | Sunday | Updated November 25, 2012 | 12:00am

MANILA, Philippines - Genting Hong Kong Ltd. signed Friday $1.1 billion worth of loans with a number of foreign banks to pay up some of its maturing obligations and fund its aggressive refleeting and real estate expansion program in the Philippines.

At the signing ceremony held at the Genting Club in Resorts World, Genting inked $600 million in seven-year senior secured vessel term loan and revolving credit facility.

It also signed a $300-million three-year term loan and revolving credit facility loan.

Another $250 million was signed with Maybank of Malaysia and Travellers International, a member of the Genting Group.

The bilateral term loan facility is jointly funded by Maybank International Labuan Ltd. (MILL) and Maybank Philippines Inc. (MPI).

Some $15 million of the $250-million loan was booked at Maybank Philippines, bank president Herminio Famatigan Jr. said.

He said this term loan facility is a testament to the strong relationship and support of the Maybank Group to Travellers International, as they commence new expansion projects in Resorts World Manila, the first one-stop, non-stop tourism destination for lifestyle and leisure activities in the Philippines.

For his part, Tan Sri Lim Kok Thay, Genting chairman and CEO, said they expect the construction of the new facilities of the group to commence next year and would be completed in three years.

He said it is also an opportune time for the group to undertake the refinancing exercise in view of the current market conditions and the availability of bank funding at attractive pricing and terms.

Net proceeds from the facility will be used to pay down existing debts and for corporate purposes.

“We are pleased to have this opportunity to work with our key banks which have a sound understanding of our company and have shown consistent support over the years,” he said.

The mandated lead arrangers for the vessel facility are DnB Bank ASA (Singapore Branch). Hongkong and Shanghai Banking Corp. Ltd., Maybank Investment Bank Berhad, Overseas-Chinese Banking Corp. Ltd., RHB Bank Bhd.

Lead arrangers are Bank of America, Credit Agricole Corporate and Investment Bank and Sumitomo Mitsui Banking Corp., Malaysia Bhd.

For the loan facility, the mandated lead arrangers are BA, CIMB Bank Berhad, Labuan Offshore Branch and Malayan Banking Bhd.

Source: http://www.philstar.com/business/201...d-phl-projects

[Narnian_King]

Based sa article parang focus pa sila sa Resorts World Manila. Wala pa bang concrete plan sa Resorts World Bayshore kung kelan simula ng construction? Sabi ng Dad ko yung ABS-CBN World class theme park ay part ng Pagcor Entertainment City at sa 2017 pa balak itayo ng ABS yung Theme park na comparable sa well known theme park gaya sa South Korea pero hindi naman sa akin binigay ang ibang details.


Resorts World Manila

Marriot Hotel
Maxim Hotel
Remington Hotel
Sheraton Hotel
Westin Hotel

[skyscraper2012]

Resort World Manila's advantage is its close proximity to the airport, in fact kaharap lang niya.

BCDA already approved the monorail project linking NAIA-Makati-BGC-Clark so sana magtayo na rin sila ng monoral from the airport to Pasay...

[InfinitiFX45]

Andrew Tan to invest $1.5B in hotels
by ABS-CBNnews.com | Tuesday | Posted at 11/27/2012 11:02 AM | Updated as of 11/27/2012 | 11:02 AM

MANILA, Philippines - Billionaire Andrew Tan is planning to spend $1.5 billion to make Alliance Global Group Inc. the country's largest hotel owner.

Bloomberg on Tuesday reported Alliance will make the investments in the next 5 to 7 years to take advantage of the growing tourism sector.

Alliance Global president Kingson Sian was quoted as saying the company is targeting to have more than 5,000 hotel rooms by 2017. It currently has 5 hotels with 1,570 rooms.

Sian said around $1.2 billion will be spent for the Resorts World Bayshore, Alliance's second casino project with Genting Hong Kong Ltd.

Another $350 million will be spent for the expansion of the existing Resorts World Manila, its first project with Genting.

Source: http://www.abs-cbnnews.com/business/...-hotels-report

[realiza]

PARKSIDE VILLAS at NEWPORT CITY
40 sqm
Cluster A unit 3M
View Resorts World
Php 3.7M or Php 92,500 per sqm

MARKET VALUE RIGHT NOW!!! -->>> Php 4.0M and up or 100,000 per sqm and up
Turnover Date Dec 2012 plus 1 year grace period

Terms of payment assume balance

Downpayment

Php 1,655,000.00 due to seller

Monthly Amortization

Php 35,000 per month from Decemer 17, 2012 to Feb 17, 2013
Php 40,000 per month from March 17, 2013 to Feb 17, 2014

Lumpsum payments

Php 100,000 every Feb 17, 2013 and Feb 17, 2014

Remaining balance

Php 1,360,000 Balance upon turnover

Buyer shoulders assignment fee , closing fee ,taxes and other charges from Megaworld
if you are interested pls PM me

Any real estate agents who can help me sell my unit

[InfinitiFX45]

[QUOTE=realiza;97730744]



FYI, this is not Sulit.com !!!

Hey mods, please remove this gal from the SSC Philippine Forum !!!

[InfinitiFX45]

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Philippines Billionaire Plans $1.5 Billion Hotel Investment
By Ian C. Sayson | Bloomberg | Tuesday | Nov 27, 2012 1:50 PM | GMT+0800

Philippine billionaire Andrew Tan plans to spend $1.5 billion to triple his Alliance (AGI) Global Group Inc.’s hotel rooms and become the nation’s largest hotel owner as the country lures more tourists.

The investments will be made in the next five to seven years as Manila-based Alliance’s units target to have more than 5,000 hotel rooms as early as 2017, President Kingson Sian said. The group is also developing tourism-related projects including two casino resorts, he said, adding that Alliance now has five hotels with 1,570 rooms.

“We aren’t slowing down nor putting on hold any of our tourism ventures,” Sian said in a Nov. 23 interview in Manila. “Tourism is just picking up and it’s not inconceivable that we will more than double our hotel rooms and become the country’s largest hotel operator in terms of rooms in five to seven years. We will certainly be among the biggest, if not the largest.”

Alliance joins developers including Ayala Land Inc. (ALI) in building hotels and resorts as the government upgrades airports and roads in a bid to bring in more tourists and boost economic growth. The Philippine government predicts tourist arrivals to rise to 10 million by 2016, from a 4.5 million target this year.

Read More: http://www.bloomberg.com/news/2012-1...nvestment.html

[Aziza1121]

[QUOTE=InfinitiFX45;97733661]

Originally Posted by realiza

FYI, this is not Sulit.com !!!

Hey mods, please remove this gal from the SSC Philippine Forum !!!

Hey InfinitiFX45. Dont be harsh. She is an investor asking for help to unload her unit. I agree that this is not sulit, but SSC tolerates these kind of postings in its specific thread found here. http://www.skyscrapercity.com/showthread.php?t=502820
But only few know abt the resale thread. Most forumers go direct to the project thread, thus posting there provides more chance to find the right buyer.

[InfinitiFX45]

Philippines billionaire plans $1.5 billion hotel investment
by Luc Citrinot | Travel Daily News | Friday | 30 November 2012 | 07:41

Alliance Global Group is planning more hotels in Manila at Resorts World with the ambition to challenge gambling destinations such as Singapore or even Macau. Four new casinos are indeed in the starting block.



MANILA - Philippine billionaire Andrew Tan plans to spend US$1.5 billion to triple his Alliance (AGI) Global Group Inc.’s hotel rooms and become the nation’s largest hotel owner as the country lures more tourists.

The investments will be made in the next five to seven years as Manila-based Alliance’s units target to have more than 5,000 hotel rooms as early as 2017, President Kingson Sian said. The group is also developing tourism-related projects including two casino resorts, he said, adding that Alliance now has five hotels with 1,570 rooms.

“We aren’t slowing down nor putting on hold any of our tourism ventures,” Sian said in a Nov. 23 interview in Manila. “Tourism is just picking up and it’s not inconceivable that we will more than double our hotel rooms and become the country’s largest hotel operator in terms of rooms in five to seven years. We will certainly be among the biggest, if not the largest.”

Read More: http://www.traveldailynews.asia/news...ns-1-5-billion

[InfinitiFX45]

AGI earmarks P40b; Megaworld, other units expanding
By Jenniffer B. Austria | Manila Standard Today | Wednesday | Posted on Dec. 05, 2012 at 12:01am

Alliance Global Group Inc., the listed holding company of business tycoon Andrew Tan, plans to increase capital spending to more than P40 billion next year on robust outlook on the domestic economy.

Tan said in an interview at the sidelines of the Philippine Stock Exchange 2012 Bell Awards all the company’s units would increase capital investments because of expansion plans.

“All the units combined, we should be incurring a capital expenditures of more than P40 billion for tourism, real estate and consumer goods. All of them are expanding. We are very bullish about the economy. This year we are doing very well. I think next year we will continue to do very well,” Tan said.

Alliance Global business units include Megaworld Corp., Global Estate Resorts Inc., Emperador Distillers Inc., Golden Arches Development Corp., the master franchise holder of fastfood giant McDonalds, and Travellers International Holdings Inc., which operates the integrated entertainment and gaming complex Resorts World Manila in Pasay City.

Despite concerns of possible oversupply in the market, Tan remains robust on the property sector due to a low interest rate environment.

“At the moment, what we can see is a lot of our buyers are end-users. It’s not speculative in nature. These are people who need a home and they buy a home. They are putting their money in a quality home and they are doing their best to keep up with their amortization,” Tan said.

“The market is still fundamentally very strong partly because the interest rates are very low and affordable and that is one key driver for real estate,” he added.

Source: http://manilastandardtoday.com/2012/...its-expanding/

[InfinitiFX45]

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Alliance Global scales up 2013 capex to P40 B
By Zinnia B. Dela Peña | The Philippine Star | Wednesday | Updated December 5, 2012 | 12:00am

MANILA, Philippines - Alliance Global Group Inc. is scaling up its capital expenditure program by around 15 percent next year to more than P40 billion as it hopes to take advantage of buoyant economic growth and rising consumer spending, its top official said.

On the sidelines of the Philippine Stock Exchange’s 20th anniversary and first Bell Awards for Corporate Governance Monday night, AGI chairman Andrew Tan said the programmed spending budget will be used to bankroll his real estate, fastfood, liquor and tourism businesses as the holding firm seeks to further grow its profit in 2013.

For this year, AGI expects its profit to rise 20 percent to over P10 billion.

Tan said the group is making a big push into the tourism industry, with plans to build 5,000 hotel rooms in its bid to become the largest hotel operator in the country.

AGI, through a joint venture with Genting Hong Kong Ltd., will start construction next year of a new gaming complex, Resorts World Bayshore, along Roxas Blvd. Estimated to cost around $1.1 billion, the 31-hectare project will offer 3,500 hotel rooms alongside leisure, retail, gaming and entertainment facilities.

Bayshore, which will be twice the size of the existing Resorts World Manila, is targeted for opening in 2016.

Tan said the property business would continue to account for majority of AGI’s profits as steady remittance inflows from overseas Filipino workers and a low interest rate regime continue to prop up real estate sales.

Real estate unit Megaworld, which pioneered community townships that incorporate the live-work-play-learn concept, is currently developing 10 large-scale projects in Metro Manila, Iloilo and Cebu as well as several residential projects in the Makati central business district and San Juan.

Even with the impending passage of the “sin tax” bill, which seeks to raise alcohol and tobacco taxes, Tan said he remains optimistic that hard liquor unit Emperador Distillers Inc. would perform well.

Source: http://www.philstar.com/business/201...13-capex-p40-b

[InfinitiFX45]

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AGI ups 2013 capital spending to P40 billion
by Madelaine B. Miraflor | Manila Times | Wednesday | Published on 05 December 2012

Alliance Global Group Inc. (AGI) is expanding its capital expenditure (capex) for 2013 from P35 billion to P40 billion.

Andrew Tan, AGI chairman, said that the company is increasing its spending because the economy is doing well.

“Next year, all the units combined, I think we should be incurring a capex of more than P40 billion next year, tourism, real estate, even the consumer goods, all of them are expanding. We are very bullish about the economy,” he said.

Tan also said that AGI has been doing very well this year and he expects that to continue in 2013. He noted that AGI has exceeded its P9-billion profit projection for this year.

“This year, our net income already exceeded P9 billion so next year, so we will definitely exceed that [by next year],” Tan said.

“Well I think all our business units are very strong. We expect very good growth next year. All the units- real estate, consumer products, particularly, liquor and travelers, the tourism and Geri,” he added.

AGI registered a core net income of P13.46 billion during the first nine months of 2012, up 48 percent from P9.12 billion. The firm also earned a net of P3.13 billion in non-recurring gains from the acquisition of Global-Estate Resorts Inc. in the same period of 2011.

Also, the company’s consolidated revenues grew to P78.09 billion during the same period, a 70-percent increase from P46.02 billion, which was driven by the consolidation of Travellers International Hotel Group Inc. this year.

“We expect our consumer product business and tourism-related real estate business to continue their growth momentum over the next year,” AGI Chief Financial Officer Dina Inting said earlier.

Source: http://www.manilatimes.net/index.php...to-p40-billion

[InfinitiFX45]

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AGI hiking capital spending to P40B in 2013
by Miguel R. Camus | Business Mirror | Wednesday | Posted at 12/05/2012 8:01 AM | Updated as of 12/05/2012 8:01 AM

MANILA, Philippines - Alliance Global Group Inc. (AGI), a listed consumer and property conglomerate, is hiking capital spending to over P40 billion next year to expand its businesses and help sustain double-digit profit growth, Chairman Andrew Tan said late on Monday.

Tan, who said in March that spending in 2012 would hit P35 billion, said the firm remains bullish on the country’s growth prospects. Its businesses, which include developer Megaworld Corp., the Resorts World Manila casino complex, McDonald’s and Emperador brandy, cater either to the country’s growing tourism or consumer segments.

“We are seeing good growth in our businesses next year,” Tan told reporters at the sidelines of the Philippine Stock Exchange Bell Awards in Makati City. “I think we will have double-digit [growth] in net income.”

Investments in the gaming sector, in particular, are expected to ramp up as AGI, together with partner Genting Hong Kong, is expected to launch in 2013 the $1.2-billion Resorts World Bayshore casino and hotel project within the Entertainment City gaming complex in reclaimed Manila Bay.

That project is scheduled to open in 2016 and will help the conglomerate triple its hotel- room capacity to 5,000 rooms in five to seven years from the current 1,570 rooms, a recent filing showed.

Tan said spending would also be allocated to “tourism, real-estate and consumer products.”

AGI reported last month that core net income attributable to owners of the firm rose 33 percent to P9 billion.

Tan said on Monday the company expects to end the year with a core net income of above P10 billion.

AGI shares, which have recently pared gains from recent highs, closed Tuesday’s session up 2.52 percent to P16.30 per share. The stock is up by more than half since the start of the year, outperforming the Philippine benchmark index, which has gained over 30 percent.

Source: http://www.abs-cbnnews.com/business/...ding-p40b-2013

[misterpalos]

hello! anyone have a parking slot in sarasota that's for rent?

[Narnian_King]

http://www.eturbonews.com/32663/hilt...nd+traveler%29

First Hilton Hotels & Resorts hotel to Manila
Hilton Hotels & Resorts expands in Philippines

Dec 10, 2012

MANILA, Philippines and MCLEAN, Va. – Hilton Worldwide today signed a management agreement with Travellers International Hotel Group Inc. to manage Hilton Manila in Newport City in Manila, the capital city of the Philippines. The agreement will bring the first Hilton Hotels & Resorts hotel to Manila. Scheduled to open in 2014, the 350-room Hilton Manila is located on Newport Boulevard next to Terminal 3 of the Ninoy Aquino International Airport and is 3.5 kilometers away from Manila’s central business district, Makati.

[samercold]

Sana sa rw bayshore nlng yan pinatayo..marami ng hotel dun sa newport eh.

[seabeeman]

Ang ganda siguro kung maraming hotels sa PAGCOR at sa tabi ng MOA complex.

[reign]

RW Manila must be doing very well with the expansion of Maxims and Mariott and the construction of 3 new 5 star hotels.

Maxims
Mariott
Sheraton
Westin
Hilton

[Narnian_King]

Maxims Hotel - Resorts World Manila

Photos from my friend Soon Kwon

[skyscraper2012]

the pool is amaaaaaazzing