“All roads lead to Clark. Improved infrastructure is being put in place to make it more accessible now major highways such as the North Luzon Expressway and Metro Manila Skyway Stage 3, the Clark International Airport, and soon, the North-South Commuter Railway.” Ian Perez, JLL Philippines director for capital market
SunStar
+ April 04, 2021 INVESTORS’ long term outlook for hotel investment in the Philippines remains positive while the hospitality sector is expected to soon transition to a period of recovery.
According to global real estate services firm JLL, while the hospitality industry was one of the most heavily affected sectors in 2020, hotel operators are optimistic that the hospitality sector will soon rebound.
“Most hotel operators are trying to determine the best estimated return of airline traffic. Hotels definitely see tourism picking up as soon as flight restrictions are lifted it is only a matter of timing, which is heavily dependent on the rollout of the Covid-19 vaccine. Local tourism and staycations are also being encouraged to push demand,” P. Ryan Isip, JLL Philippines’ head of capital markets, said.
PLDT closes $128 million sale of Smart Tower msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Real estate services firm JLL said Friday it concluded the sale of Smart Tower in Ayala Avenue, Makati City, on behalf of its client, PLDT Inc., for $128 million.