Fairmont Makati Hotel and Raffles Suites and Residences [30F|com]

[ryanr]

If you are talking about the old manila stock exchange and the old airport tower...then i hope not. They should keep that area the way it is...unless they plan on building Ayala Tower 2 & 3. (without demolishing the old airport tower off course)

[thomasian]

Originally Posted by carlo pontevedra

There is no uniformed pattern as far as looks or designs are concerned. Take for example the George V (Four Seasons Hotel Paris), which is owned by Prince Al Waleed. He acquired the said hotel about 6 or so years ago. It has an art deco design. Fairmont Hotel Dubai, another hotel that's controlled by Prince Al Waleed, has, of course, a classic Middle Eastern/Mediterranean design. The Kingdom Holdings Tower in Riyadh, which houses the Four Seasons Hotel, is an ultra-modern high-rise structure. The said Tower is the jewel in Prince Al Waleed's landmark properties in the Middle East. It was voted as the Best Building in the year 2005.

I guess for Makati a modern design should be decided for it.

[carlo pontevedra]

Originally Posted by GreyX

If you are talking about the old manila stock exchange and the old airport tower...then i hope not. They should keep that area the way it is...unless they plan on building Ayala Tower 2 & 3. (without demolishing the old airport tower off course)

@GreyX, i'm talking about the Gabriela Silang parking lot. No, I wouldn't think of demolishing the old airport tower . . . not in my weirdest dreams, he, he, he. And I don't think Ayala would consider demolishing the old Makati Stock Exchange Building. It has just been voted as one of the most energy efficient buildings in the region. Another site within the Ayala Triangle that's riped for development is the corner lot bounded by Makati Ave and Paseo de Roxas. And I thought that the Ayalas were planning to build its own cultural/international convention center in the said area.

[ryanr]

Gotcha. Then im ok with development on the existing parking lot. If/when the Ayalas decide to develop Ayala triangle, i hope they will keep the majority of the triangle lot as a park with those trees. Its nice having that open space between Makati's skyscrapers. If they build the tower 2 and 3 office towers (hehe, i'm just wishing now) they should be able to build it in the outer edges of the triangle and still have lots of space to keep the park in place.

[carlo pontevedra]

Originally Posted by GreyX

Gotcha. Then im ok with development on the existing parking lot. If/when the Ayalas decide to develop Ayala triangle, i hope they will keep the majority of the triangle lot as a park with those trees. Its nice having that open space between Makati's skyscrapers. If they build the tower 2 and 3 office towers (hehe, i'm just wishing now) they should be able to build it in the outer edges of the triangle and still have lots of space to keep the park in place.

Great Idea! It's also my hope that the Ayalas would keep the rest of the Ayala Triangle (except for the Gabriela Silang parking lot) as it is for many, many years to come. They should leave it open, and plant more acacia, banyan, rubber, narra trees, etc in the said area to balance nature.

[praetorian^8]

Ayala Land, Kingdom Hotel in $153M deal

Ayala Land Inc., the Philippines' biggest property firm, and Kingdom Hotel Investments are jointly developing a $153 million upscale hotel complex in Makati.

In a disclosure to the Philippine Stock Exchange, Ayala Land chief finance officer Jaime Ysmael said the development of the 7,377 square meter property will comprise a 300-room Fairmont Hotel, a 30-suite Raffles Hotel and 189 Raffles-branded private residences.

Kingdom Hotel, a hotel and resort investment firm, is chaired by Saudi Prince Alwaleed bin Talal Abdulaziz Alsaud.

Source: http://www.abs-cbnnews.com/storypage.aspx?StoryId=69314

good day to all!

Hope you can find some rendering on this poject!

[SKYLINEPIGEON]

will it be the first raffles hotel outside singapore, these two hotels will be first superior deluxe hotels in the philippines once completed, too bad ritz cartlon in rockewell was cancelled

[-TC-]

Originally Posted by venntro

Please be advised that Ayala Land, Inc. (“ALI”) and Kingdom Hotel Investments (through a wholly-owned subsidiary) signed today an Agreement to jointly develop a 7,377 square meter property along Makati Avenue corner Arnaiz Avenue (formerly Pasay Road) into a Luxury Hotel Complex.

Here's a map for everyone's reference:

[MetropolitanBoy]

Isn't it going to be on the lot that's being excavated now beside Makati Shangri-La? The one in between Landmark and Shangri-La.

[-TC-]

http://www.kingdomhotels.com/news_7mar07.html

Kingdom Hotel Investments Announces US$ 152 million Hotel and Residences Development

Fairmont Makati Hotel and Raffles Suites and Residences
Makati City, Manila, Philippines

Kingdom Hotel Investments ("KHI"), the leading hotel and resort investment company, is pleased to announce the acquisition of 7,377 m² of prime freehold land on Makati Avenue in Manila for the development of two hotels and residences. The acquisition was made through an economic joint venture which is 80% owned by KHI and 20% by Ayala Land, Inc. ("Ayala Land"), one of the most prominent real-estate development firms in the Philippines. The total project cost will be approximately US$ 152 million.

The development will comprise a 300-room Fairmont Hotel, a 30-suite Raffles hotel and 189 Raffles-branded private residences. These residences will be sold and placed back into a rental pool programme. The development enjoys an exceptional central location within the heart of Manila’s Makati central business district.

The Philippines has been ranked by the WTTC as one of the fastest growing tourism and travel markets in Asia. The proposed hotel will benefit from the growth in this service driven economy.

HRH Prince Alwaleed bin Talal bin Abdulaziz Alsaud, Chairman of KHI, said:

"Makati continues to establish itself as the leading business destination in the Philippines and KHI seeks to capitalize on the growing demand for luxury accommodation in the region. We are delighted to partner with Ayala Land, one of Asia's most respected and established developers."

Sarmad Zok, Chief Executive Officer of KHI, said:

"The Fairmont Makati Hotel and Raffles Suites and Residences will enable KHI to generate attractive returns by combining a significant amount of branded residential development with premium hotel brands."

Note: KHI also published a pre-results statement today in relation to its preliminary results for the full year ended 31 December 2006 which will be announced on 20 March 2007.

About Kingdom Hotel Investments (“KHI”)

KHI, headquartered in Dubai (UAE), is a leading international hotel and resort acquisition and development company focused on the first-class and luxury market segments in international high-growth markets such as the Middle East, Asia, Africa, emerging markets and Europe.

The company has ownership interests in 33 properties in 19 countries including 19 operational hotels and resorts (4,269 rooms) and 14 hotels and resorts (3,952 rooms) currently under construction or in the initial stages of development. KHI is listed on the Dubai and London stock exchanges.

About Ayala Land, Inc. ("Ayala Land")

Ayala Land is the real estate arm of Ayala Corporation, one of the Philippines' biggest and best-established business conglomerates. Through its over 80 years of experience in real estate, Ayala Land has earned a reputation as the country's leading real estate developer.

It is primarily credited for Makati Central Business District's metamorphosis from grasslands back in the 1940s into the premier business district it is today. The company develops projects within the framework of a larger planned community, including residential, leisure, office, shopping, hotel, and industrial developments.

About Fairmont Raffles Hotels International, Inc.

Fairmont Raffles Hotels International, Inc. is a global hotel company headquartered in Toronto, Canada. The company owns and manages 120 hotels in 25 countries under four brands, Fairmont Hotels & Resorts, Raffles Hotels & Resorts, Swissôtel Hotels & Resorts and Delta Hotels as well as vacation ownership properties managed by Fairmont Heritage Place.

[-TC-]

@portludlow... I think the correct thread title should be "Fairmont Makati Hotel and Raffles Suites and Residences".

[kunoL8]

Originally Posted by SKYLINEPIGEON

will it be the first raffles hotel outside singapore, these two hotels will be first superior deluxe hotels in the philippines once completed, too bad ritz cartlon in rockewell was cancelled

nope. i believe there are raffles hotels in beverly hills, germany, cambodia, etc.

[-TC-]

http://www.kingdomhotels.com/founder_chairman.html

His Royal Highness Prince Alwaleed Bin Talal Bin AbdulAziz Alsaud
Founder and Chairman
Kingdom Hotel Investments

His Royal Highness Prince Alwaleed Bin Talal Bin AbdulAziz Alsaud, member of the Saudi Royal family, is a private entrepreneur and an international investor. The Prince began building his investment portfolio in 1979, when he returned to Saudi Arabia after earning his Bachelor's degree in the United States. Prince Alwaleed established a number of business ventures, initially focusing on construction and real estate. Over time, the Prince's investments grew rapidly and eventually led to the formation of Kingdom Holding Company (KHC), which invests along side other entities controlled by HRH, in banking, telecommunications, broadcasting & media, entertainment, hospitality, computers and electronics, agriculture, restaurants, upscale fashion, retailing, supermarkets, tourism, travel and automotive manufacturing.

Prince Alwaleed has real estate ownership interests in hotel and resort properties throughout the world and has significant equity investments in three leading international hotel management companies, namely Four Seasons Hotel and Resorts, Fairmont Hotels and Resorts and Mövenpick Hotels and Resorts, which manage hotels throughout the world.

Prince Alwaleed is the majority shareholder in Kingdom Hotel Investments, in addition to diversified investments in many other business sectors, which include Citigroup, News Corp, Time Warner, Motorola, Apple Computers, Ballast Nedam, Canary Wharf, Disneyland Paris, Saks Inc. and Kingdom Centre.

HRH Prince Alwaleed Bin Talal, was ranked number five in Forbes magazine's 2005 annual list of the world's richest people.

[-TC-]

http://www.kingdomhotels.com/hotelportfolio.html

Kingdom Hotel Investments has a diverse portoflio of 31 hotels across 17 countries:

Operating Hotels = 18
Hotels in Development = 13

See complete list in table below:

[jgacis]

I think that Saudi billionaire Prince Alwaleed's investment entry into the Philippines is a significant mark of our economy's growth into the international community.

This is a person who owns a 747 jet and spends over $80,000 a year on his phone bills. As a major developer in the middle east and worldwide investor in many businesses, he has had many experiences in learning what areas has great potential growth. I think its a great opportunity to fuel our growth by one of the richest men out there.....

[laquacherra]

they're tearing down Park Square 2 and Anson's for this project... according to Businessworld

[MetropolitanBoy]

Wow! It will be that huge?! Amazing.

[bustero]

Hmmm so Middle Eastern money is finally here in a big way. Well you can't get a shrewder partner than Alwalaleed, he's a real operator! No wonder his spot is so prime, He's the biggest shareholder of Citigroup from what I remember. Plus He also owns much more expensive hotels than the ones on that list ( I believe he owns Claridges in London but this is on personal capacity hehe).

Anyway he's a hotel developer as opposed to a hotel operator. He develops the property in conjunction ussually with the operator but can kick them out if they don't perform. Depends on the contract.

Man I wonder how much those condo's would be. Sana naman if they make that project it's truly outstanding as a landmark, they can easily make it a super tall , alas the description does not point to one. I hope I'm wrong.

[Francis20]

that'll be all right. tearing down park squares and anson for this project. i wonder where the parking lot and terminal would be relocated. or will it be a goner soon?

few years fasttrack...imagine that area with these proposed structures already erected: it will be a serene place, no more barkers, bus and jeepneys. no huge crowd lining up to get to their homes in laguna, batangas and cavite. i hope they will include parks and open spaces too. and...it would indeed be better to put all those vehicles underground, then have a park above it. that'd be something to look forward to.

[laquacherra]

Ayala Land to build new hotel
BY RUBY ANNE M. RUBIO, Reporter


“Construction will start early next year. It is estimated to be complete within three years,” a company official who requested anonymity told BusinessWorld.

He said the move is in line with the redevelopment of the Ayala Center in Makati City. Park Square 2 and the Ansons building will be demolished in the middle of the year to give way to the new complex. Tenants of these buildings have already been informed of the plan and will be moved to another location either within Glorietta or Ayala Center, the source added.

The source said Ayala Land wants to take advantage of “market interest” in luxury hotels. As of October 2006, deluxe hotels in Makati had occupancy rates of 84.54% to 88.57%, data from the Tourism department show.

The source also said under the joint-venture agreement, the project will be 40% owned by KHI and 60% owned by Ayala Land.

Ayala Land’s contribution will be the land. Construction of the complex may be bid out.


complete article at http://www.bworldonline.com/BW030907/today.php