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Property developer Ayala Land Inc. has started the construction of a 150-room beachfront Seda resort-hotel at the masterplanned Lio Tourism Estate in El Nido, Palawan.
“We are creating the beginnings of a tourist town destination,” Ayala Land Senior Vice President Jose Emmanuel Jalandoni said.
The 150-room Seda Lio beachfront resort is expected to be completed in 2017. The Seda Lio will provide more options for tourists to El Nido, where there are mostly luxury resorts and bed-and-breakfast types.
Seda Lio, which aims to make El Nido more accessible to Filipinos with a target room rate of US$175 per night, is expected to open by 2017, but the retail strip may open by the end of 2015. It aims to serve families and the MICE (meetings, incentives, conferences and exhibitions) wholesale market.
The retail strip will have two buildings with two floors each, opening up 3,170 square metres of gross leasable area. It will have 36 retail slots offering daily essentials, home-grown dining options and various brands that complement resort living, based on an ALI primer. Ground-breaking was held on 29th January 2015.