Fort Bonifacio Global City hotels
Ayala Land Inc. has started the construction of the first of its chain of boutique businessmen’s hotels in Fort Bonifacio Global City. Company president Antonino Aquino said the first boutique hotel will be built near the company's upscale West Tower Project at One Serendra. The hotel, with an estimated cost of about PhP1 billion, will have 175 rooms priced under US$100 a night.
By next year, Ayala Land targets to have four boutique hotels in the country. "I hope we'll be able to break ground in all of them between now and next year. Typically, it will take a year and a half to complete," said Mr. Aquino.