Ayala Land Buys Philippine Hotel From Cash

Hong Kong's New World Development gets $11bn refinancing deal

(Reuters) -- Hong Kong builder New World Development said on Monday it had received commitments for a HK$88.2 billion ($11.24 billion) loan refinancin

Ayala Land acquires New World Makati Hotel - BusinessWorld Online

AYALA LAND, Inc. has acquired New World Makati Hotel, expanding the portfolio of its hotel and resort development arm. The acquisition is part of Ayala Land Hospitality’s (ALH) strategy to strengthen its presence in high-growth urban centers, particularly in Makati, ALH said in an e-mail statement on Monday. New World Makati Hotel has more than 500 guest rooms and suites. It is located across Greenbelt and is within walking distance of major com…

Hong Kong's New World Development gets US$11.24 billion refinancing

Hong Kong builder New World Development said on Monday (Jun 30) it had received commitments for a HK$88.2 billion (US$11.24 billion) loan refinancing, as the builder finalises a crucial lifeline in a distressed property market. New World's refinancing, poised to be one of the largest ever seen in Hong Kong

Ayala Land buys New World Hotel to boost portfolio

Property developer

Ayala Land Buys Philippine Hotel From Cash

The sale coincides with New World Development recently concluding an $11.2 billion debt refinancing deal, providing a reprieve to the cash-strapped Hong Kong-based developer.

Ayala Land buys New World Hotel Makati

Ayala Land said it looks to strengthen its footprint in one of the country’s leading business hubs.