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The Property Reporter
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    Wetherspoon pubs and other bars you can buy in Merseyside right now

    Wetherspoon pubs and other bars you can buy in Merseyside right now

    Morrisons and M&S broke land use laws to block rival supermarket stores, CMA rules | News

    Morrisons and M&S broke land use laws to block rival supermarket stores, CMA rules | News

    Can repurposing really be the solution to the housing crisis?

    Can repurposing really be the solution to the housing crisis?

    Barrow property market: five most expensive homes available

    Barrow property market: five most expensive homes available

    Aviva Investors secures two tenants for Soho office refurb | News

    Aviva Investors secures two tenants for Soho office refurb | News

    Panattoni to build 25,000 sqm industrial park in Kraków

    Panattoni to build 25,000 sqm industrial park in Kraków

    Port Melbourne unit fetches $2.34 million

    Port Melbourne unit fetches $2.34 million

    McLaren and Arlington selected as developers for York Central regen scheme | News

    McLaren and Arlington selected as developers for York Central regen scheme | News

    PSN to renovate shopping centre in Pardubice

    PSN to renovate shopping centre in Pardubice

  • Retail
    Investors could net over 7pc returns from shopping mall deals

    Investors could net over 7pc returns from shopping mall deals

    More US commercial property owners to tap securities market in 2024 -Moody’s

    More US commercial property owners to tap securities market in 2024 -Moody’s

    Old Greenwich business owners worry about possible building sale

    Old Greenwich business owners worry about possible building sale

    Startup hBits offers Rs 28 crore-commercial property in Mumbai to HNIs for fractional ownership

    Startup hBits offers Rs 28 crore-commercial property in Mumbai to HNIs for fractional ownership

    Waiting for Rates to Thaw, Debate Over Locked-Up Goods, New Leadership

    Waiting for Rates to Thaw, Debate Over Locked-Up Goods, New Leadership

    DRA fetches $31M as Philips Edison, Sperry pounce on Chicagoland retail selloff

    DRA fetches $31M as Philips Edison, Sperry pounce on Chicagoland retail selloff

    LVMH Signs Deal to Sell Majority of Cruise Retail Business

    LVMH Signs Deal to Sell Majority of Cruise Retail Business

    Newly Developed Munster Property Now Managed by Latitude Commercial

    Newly Developed Munster Property Now Managed by Latitude Commercial

    North America – Retail & Leisure International

    North America – Retail & Leisure International

  • Residential
    Federal government foreign buyer taxes and BTR concessions will do little by themselves to boost rental stock, experts say

    Federal government foreign buyer taxes and BTR concessions will do little by themselves to boost rental stock, experts say

    State of residential property 2023

    State of residential property 2023

    Higher foreign investment fees for housing

    Higher foreign investment fees for housing

    A Brooklyn co-op and the future of affordable housing

    A Brooklyn co-op and the future of affordable housing

    Housing market in northern Taiwan stays stable in November

    Housing market in northern Taiwan stays stable in November

    Malaysia’s OSK Teams with Gurner-Qualitas JV for Melbourne BTR

    Malaysia’s OSK Teams with Gurner-Qualitas JV for Melbourne BTR

    East Side Victorian Hits the Market at $2.3 Million

    East Side Victorian Hits the Market at $2.3 Million

    These 3 States Could See Housing Market Crash Next Year

    These 3 States Could See Housing Market Crash Next Year

    Public meeting to discuss changing zoning bylaw – simcoe.com

    Public meeting to discuss changing zoning bylaw – simcoe.com

  • Office
    Barclays, Argentic Refi Fort Lauderdale Office Property With $55M Loan

    Barclays, Argentic Refi Fort Lauderdale Office Property With $55M Loan

    Velocis, Lincoln Property Sell Nashville Office Asset for $75M

    Velocis, Lincoln Property Sell Nashville Office Asset for $75M

    2024 Commercial Real Estate Trends

    2024 Commercial Real Estate Trends

    Why residential conversions can’t save commercial real estate

    Why residential conversions can’t save commercial real estate

    Block-Sized Pasadena Office Property To Be Sold At Foreclosure Auction

    Block-Sized Pasadena Office Property To Be Sold At Foreclosure Auction

    Best Buy seeks lower property tax as Richfield offices sit half vacant

    Best Buy seeks lower property tax as Richfield offices sit half vacant

    Hamburg Port Authority Agrees To Buy Office Building for €157 Million – CoStar Group

    Hamburg Port Authority Agrees To Buy Office Building for €157 Million – CoStar Group

    KBS REIT Sells Chicago Office Building for Less Than Half What It Paid in 2017

    KBS REIT Sells Chicago Office Building for Less Than Half What It Paid in 2017

    Office Real Estate Refinancing Faces Stormy Skies in 2024

    Office Real Estate Refinancing Faces Stormy Skies in 2024

  • Industrial
    D-FW warehouses snapped up by investor Blackstone

    D-FW warehouses snapped up by investor Blackstone

    7 Best REIT ETFs to Buy Right Now | Investing

    7 Best REIT ETFs to Buy Right Now | Investing

    New commercial real estate firm closes 175,000 SF of transactions

    New commercial real estate firm closes 175,000 SF of transactions

    Basis Industrial Pays $82M for Fort Worth Industrial Properties

    Basis Industrial Pays $82M for Fort Worth Industrial Properties

    Panattoni JV Breaks Ground on Seattle Project

    Panattoni JV Breaks Ground on Seattle Project

    Mexico: Bridging National Industrial Design Protection with International Practices

    Mexico: Bridging National Industrial Design Protection with International Practices

    Blackstone To Refinance 109-Property Industrial Portfolio With New CMBS Loan

    Blackstone To Refinance 109-Property Industrial Portfolio With New CMBS Loan

    Bridgeport Industrial Property Sells For $1,850,000

    Bridgeport Industrial Property Sells For $1,850,000

    Clearbell sells five assets from Polaris industrial portfolio | News

    Clearbell sells five assets from Polaris industrial portfolio | News

  • Hotel
    Indian Hotels Company To Invest In Two Subsidiaries

    Indian Hotels Company To Invest In Two Subsidiaries

    Lopesan to invest €61 million building first new hotel in Maspalomas since 2009 –

    Lopesan to invest €61 million building first new hotel in Maspalomas since 2009 –

    Choice Hotels International, Inc. (NYSE:CHH) Increases Dividend to $0.29 Per Share

    Choice Hotels International, Inc. (NYSE:CHH) Increases Dividend to $0.29 Per Share

    Tudor Investment Corp Et Al Purchases 70,596 Shares of Choice Hotels International, Inc. (NYSE:CHH)

    Tudor Investment Corp Et Al Purchases 70,596 Shares of Choice Hotels International, Inc. (NYSE:CHH)

    The Secret Perks of Investing in Travel, From Hotel Upgrades to Cruise Credits

    The Secret Perks of Investing in Travel, From Hotel Upgrades to Cruise Credits

    2023 Investment Guide • Benzinga

    2023 Investment Guide • Benzinga

    Libyan Airports Authority discusses joint investment with Malta’s Corinthia Group

    Libyan Airports Authority discusses joint investment with Malta’s Corinthia Group

    Should Lodging Stock Hyatt Hotels Corporation (H) Be in Your Portfolio Friday?

    Should Lodging Stock Hyatt Hotels Corporation (H) Be in Your Portfolio Friday?

    Saudi wealth fund buys 49% stake in luxury hotel chain Rocco Forte

    Saudi wealth fund buys 49% stake in luxury hotel chain Rocco Forte

  • Buying a Home
    Buying your ‘forever home’? Read this first

    Buying your ‘forever home’? Read this first

    Buying a Home in 2024? Here’s Why You’re Not Doomed

    Buying a Home in 2024? Here’s Why You’re Not Doomed

    Program helps essential workers with buying a home | News

    Program helps essential workers with buying a home | News

    Here’s the right way to lend or gift money to help your loved one buy a home

    Here’s the right way to lend or gift money to help your loved one buy a home

    Buying a house for the 1st time? Here are a few tips for a smooth deal

    Buying a house for the 1st time? Here are a few tips for a smooth deal

    How much do B.C.’s first-time buyers spend in comparison to repeat buyers?

    How much do B.C.’s first-time buyers spend in comparison to repeat buyers?

    6 things to consider before buying a second home – Marin Independent Journal

    6 things to consider before buying a second home – Marin Independent Journal

    People buying a home in the next few years should absolutely open an FHSA in 2023, but where to do it?

    People buying a home in the next few years should absolutely open an FHSA in 2023, but where to do it?

    Should I Make A Cash Offer On A House?

    Should I Make A Cash Offer On A House?

  • Selling a Home
    When Will Home Prices Be Affordable Again? – Forbes Advisor

    When Will Home Prices Be Affordable Again? – Forbes Advisor

    Selling Your Home During the Holidays: A Festive Guide to Success

    Selling Your Home During the Holidays: A Festive Guide to Success

    Staging Your Home to Sell

    Staging Your Home to Sell

    10 Best Selling Cat 7's for 2023 – The Jerusalem Post

    10 Best Selling Cat 7's for 2023 – The Jerusalem Post

    Greg Norman’s Ex-Wife Sells Palm Beach Home

    Greg Norman’s Ex-Wife Sells Palm Beach Home

    How much does it cost to stage a house, and is it worth it?

    How much does it cost to stage a house, and is it worth it?

    Thief allegedly caught red-handed selling stove stolen from Roseville home, sheriff says

    Thief allegedly caught red-handed selling stove stolen from Roseville home, sheriff says

    10 Best Selling Shower Curtain Sets for 2023

    10 Best Selling Shower Curtain Sets for 2023

    Vista Buildings, Home to Healthcare Manufacturer, Sell for Nearly $30M

    Vista Buildings, Home to Healthcare Manufacturer, Sell for Nearly $30M

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  • Home
  • News
    Wetherspoon pubs and other bars you can buy in Merseyside right now

    Wetherspoon pubs and other bars you can buy in Merseyside right now

    Morrisons and M&S broke land use laws to block rival supermarket stores, CMA rules | News

    Morrisons and M&S broke land use laws to block rival supermarket stores, CMA rules | News

    Can repurposing really be the solution to the housing crisis?

    Can repurposing really be the solution to the housing crisis?

    Barrow property market: five most expensive homes available

    Barrow property market: five most expensive homes available

    Aviva Investors secures two tenants for Soho office refurb | News

    Aviva Investors secures two tenants for Soho office refurb | News

    Panattoni to build 25,000 sqm industrial park in Kraków

    Panattoni to build 25,000 sqm industrial park in Kraków

    Port Melbourne unit fetches $2.34 million

    Port Melbourne unit fetches $2.34 million

    McLaren and Arlington selected as developers for York Central regen scheme | News

    McLaren and Arlington selected as developers for York Central regen scheme | News

    PSN to renovate shopping centre in Pardubice

    PSN to renovate shopping centre in Pardubice

  • Retail
    Investors could net over 7pc returns from shopping mall deals

    Investors could net over 7pc returns from shopping mall deals

    More US commercial property owners to tap securities market in 2024 -Moody’s

    More US commercial property owners to tap securities market in 2024 -Moody’s

    Old Greenwich business owners worry about possible building sale

    Old Greenwich business owners worry about possible building sale

    Startup hBits offers Rs 28 crore-commercial property in Mumbai to HNIs for fractional ownership

    Startup hBits offers Rs 28 crore-commercial property in Mumbai to HNIs for fractional ownership

    Waiting for Rates to Thaw, Debate Over Locked-Up Goods, New Leadership

    Waiting for Rates to Thaw, Debate Over Locked-Up Goods, New Leadership

    DRA fetches $31M as Philips Edison, Sperry pounce on Chicagoland retail selloff

    DRA fetches $31M as Philips Edison, Sperry pounce on Chicagoland retail selloff

    LVMH Signs Deal to Sell Majority of Cruise Retail Business

    LVMH Signs Deal to Sell Majority of Cruise Retail Business

    Newly Developed Munster Property Now Managed by Latitude Commercial

    Newly Developed Munster Property Now Managed by Latitude Commercial

    North America – Retail & Leisure International

    North America – Retail & Leisure International

  • Residential
    Federal government foreign buyer taxes and BTR concessions will do little by themselves to boost rental stock, experts say

    Federal government foreign buyer taxes and BTR concessions will do little by themselves to boost rental stock, experts say

    State of residential property 2023

    State of residential property 2023

    Higher foreign investment fees for housing

    Higher foreign investment fees for housing

    A Brooklyn co-op and the future of affordable housing

    A Brooklyn co-op and the future of affordable housing

    Housing market in northern Taiwan stays stable in November

    Housing market in northern Taiwan stays stable in November

    Malaysia’s OSK Teams with Gurner-Qualitas JV for Melbourne BTR

    Malaysia’s OSK Teams with Gurner-Qualitas JV for Melbourne BTR

    East Side Victorian Hits the Market at $2.3 Million

    East Side Victorian Hits the Market at $2.3 Million

    These 3 States Could See Housing Market Crash Next Year

    These 3 States Could See Housing Market Crash Next Year

    Public meeting to discuss changing zoning bylaw – simcoe.com

    Public meeting to discuss changing zoning bylaw – simcoe.com

  • Office
    Barclays, Argentic Refi Fort Lauderdale Office Property With $55M Loan

    Barclays, Argentic Refi Fort Lauderdale Office Property With $55M Loan

    Velocis, Lincoln Property Sell Nashville Office Asset for $75M

    Velocis, Lincoln Property Sell Nashville Office Asset for $75M

    2024 Commercial Real Estate Trends

    2024 Commercial Real Estate Trends

    Why residential conversions can’t save commercial real estate

    Why residential conversions can’t save commercial real estate

    Block-Sized Pasadena Office Property To Be Sold At Foreclosure Auction

    Block-Sized Pasadena Office Property To Be Sold At Foreclosure Auction

    Best Buy seeks lower property tax as Richfield offices sit half vacant

    Best Buy seeks lower property tax as Richfield offices sit half vacant

    Hamburg Port Authority Agrees To Buy Office Building for €157 Million – CoStar Group

    Hamburg Port Authority Agrees To Buy Office Building for €157 Million – CoStar Group

    KBS REIT Sells Chicago Office Building for Less Than Half What It Paid in 2017

    KBS REIT Sells Chicago Office Building for Less Than Half What It Paid in 2017

    Office Real Estate Refinancing Faces Stormy Skies in 2024

    Office Real Estate Refinancing Faces Stormy Skies in 2024

  • Industrial
    D-FW warehouses snapped up by investor Blackstone

    D-FW warehouses snapped up by investor Blackstone

    7 Best REIT ETFs to Buy Right Now | Investing

    7 Best REIT ETFs to Buy Right Now | Investing

    New commercial real estate firm closes 175,000 SF of transactions

    New commercial real estate firm closes 175,000 SF of transactions

    Basis Industrial Pays $82M for Fort Worth Industrial Properties

    Basis Industrial Pays $82M for Fort Worth Industrial Properties

    Panattoni JV Breaks Ground on Seattle Project

    Panattoni JV Breaks Ground on Seattle Project

    Mexico: Bridging National Industrial Design Protection with International Practices

    Mexico: Bridging National Industrial Design Protection with International Practices

    Blackstone To Refinance 109-Property Industrial Portfolio With New CMBS Loan

    Blackstone To Refinance 109-Property Industrial Portfolio With New CMBS Loan

    Bridgeport Industrial Property Sells For $1,850,000

    Bridgeport Industrial Property Sells For $1,850,000

    Clearbell sells five assets from Polaris industrial portfolio | News

    Clearbell sells five assets from Polaris industrial portfolio | News

  • Hotel
    Indian Hotels Company To Invest In Two Subsidiaries

    Indian Hotels Company To Invest In Two Subsidiaries

    Lopesan to invest €61 million building first new hotel in Maspalomas since 2009 –

    Lopesan to invest €61 million building first new hotel in Maspalomas since 2009 –

    Choice Hotels International, Inc. (NYSE:CHH) Increases Dividend to $0.29 Per Share

    Choice Hotels International, Inc. (NYSE:CHH) Increases Dividend to $0.29 Per Share

    Tudor Investment Corp Et Al Purchases 70,596 Shares of Choice Hotels International, Inc. (NYSE:CHH)

    Tudor Investment Corp Et Al Purchases 70,596 Shares of Choice Hotels International, Inc. (NYSE:CHH)

    The Secret Perks of Investing in Travel, From Hotel Upgrades to Cruise Credits

    The Secret Perks of Investing in Travel, From Hotel Upgrades to Cruise Credits

    2023 Investment Guide • Benzinga

    2023 Investment Guide • Benzinga

    Libyan Airports Authority discusses joint investment with Malta’s Corinthia Group

    Libyan Airports Authority discusses joint investment with Malta’s Corinthia Group

    Should Lodging Stock Hyatt Hotels Corporation (H) Be in Your Portfolio Friday?

    Should Lodging Stock Hyatt Hotels Corporation (H) Be in Your Portfolio Friday?

    Saudi wealth fund buys 49% stake in luxury hotel chain Rocco Forte

    Saudi wealth fund buys 49% stake in luxury hotel chain Rocco Forte

  • Buying a Home
    Buying your ‘forever home’? Read this first

    Buying your ‘forever home’? Read this first

    Buying a Home in 2024? Here’s Why You’re Not Doomed

    Buying a Home in 2024? Here’s Why You’re Not Doomed

    Program helps essential workers with buying a home | News

    Program helps essential workers with buying a home | News

    Here’s the right way to lend or gift money to help your loved one buy a home

    Here’s the right way to lend or gift money to help your loved one buy a home

    Buying a house for the 1st time? Here are a few tips for a smooth deal

    Buying a house for the 1st time? Here are a few tips for a smooth deal

    How much do B.C.’s first-time buyers spend in comparison to repeat buyers?

    How much do B.C.’s first-time buyers spend in comparison to repeat buyers?

    6 things to consider before buying a second home – Marin Independent Journal

    6 things to consider before buying a second home – Marin Independent Journal

    People buying a home in the next few years should absolutely open an FHSA in 2023, but where to do it?

    People buying a home in the next few years should absolutely open an FHSA in 2023, but where to do it?

    Should I Make A Cash Offer On A House?

    Should I Make A Cash Offer On A House?

  • Selling a Home
    When Will Home Prices Be Affordable Again? – Forbes Advisor

    When Will Home Prices Be Affordable Again? – Forbes Advisor

    Selling Your Home During the Holidays: A Festive Guide to Success

    Selling Your Home During the Holidays: A Festive Guide to Success

    Staging Your Home to Sell

    Staging Your Home to Sell

    10 Best Selling Cat 7's for 2023 – The Jerusalem Post

    10 Best Selling Cat 7's for 2023 – The Jerusalem Post

    Greg Norman’s Ex-Wife Sells Palm Beach Home

    Greg Norman’s Ex-Wife Sells Palm Beach Home

    How much does it cost to stage a house, and is it worth it?

    How much does it cost to stage a house, and is it worth it?

    Thief allegedly caught red-handed selling stove stolen from Roseville home, sheriff says

    Thief allegedly caught red-handed selling stove stolen from Roseville home, sheriff says

    10 Best Selling Shower Curtain Sets for 2023

    10 Best Selling Shower Curtain Sets for 2023

    Vista Buildings, Home to Healthcare Manufacturer, Sell for Nearly $30M

    Vista Buildings, Home to Healthcare Manufacturer, Sell for Nearly $30M

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Andrew Tan ups Boracay investment as confidence in travel returns

PrR by PrR
2022-07-25
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Andrew Tan ups Boracay investment as confidence in travel returns
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Andrew L. Tan

Andrew L. Tan. PHOTO from MEGAWORLD CORPORATION

Billionaire Andrew Tan is upping his investment in Boracay island as domestic tourism recovers from a two-year travel slump triggered by the COVID-19 pandemic.

Global-Estate Resorts Inc., a subsidiary of Tan’s flagship property developer Megaworld Corp., announced plans to open a 1,200-seat convention facility later this month.

The project, called Boracay Newcoast Convention Center, will rise in the company’s 150-hectare Boracay Newcoast project.

Global-Estate is betting on more business gatherings or events known in the industry as meetings, incentives, conferences and exhibitions (MICE). Apart from standard features, the convention center will be equipped with “100-percent” backup power supply.

“A theatre-type setting will give us a capacity of around 1,200 persons, while a banquet set-up will allow up to 750 persons,” Cleofe Albiso, managing director at Megaworld Hotels & Resorts, said in a statement.

“With a view overlooking the Sibuyan Sea, the Boracay Newcoast Convention Center is a perfect blend of a modern MICE facility and a tropical haven, right at the heart of our 150-hectare tourism township,” she added.

Boracay has seen a sharp increase in visitors following the relaxing of travel restrictions.

In an earlier statement, Aklan Rep. Teodorico Haresco Jr. said the number of visitors to the island has been climbing, reaching over 6,800 tourists just in June alone.

Global-Estate was previously known as Fil-Estate Land Inc. before the company was acquired by Tan’s group in 2011.

It booked profits of P412.2 million in the first quarter, up 28 percent, mainly on higher real estate sales.

Its hotel segment revenues also surged 175 percent to P60.6 million on the revenge travel-fueled rebound in tourism.

“Consumer confidence is on the rise and the rebound in travel and leisure-related activities has been strong. Our products are perfectly positioned to meet this demand and we are optimistic about our ability to sustain our recovery in 2022,” Global-Estate president Monica Salomon said in an earlier statement.

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