Philippine conglomerate Alliance Global Group Inc says it plans to allocate PHP5 billion (US$87.6 million) this year to Travellers International Hotel Group Inc, the owner and operator of Newport World Resorts casino complex (pictured) in Manila.
The funds are “intended for the ongoing expansion projects of Travellers International, particularly the development of The Narra Palm Hotel and Villa in the Newport World Resorts complex,” stated the parent in a Thursday filing to the Philippine Stock Exchange.
According to the announcement, The Narra Palm will have 157 hotel suites and villas, as well as private gaming suites for VIP guests, “offering bespoke experiences and the world-renowned Filipino hospitality”.
Newport World Resorts currently has five international hotel brands: Marriott Manila Hotel, Sheraton Manila Hotel, Hilton Manila, Hotel Okura Manila, and Holiday Inn Express Manila. It offers a total of 2,742 guest rooms.
In Thursday’s filing, Alliance Global also said that Travellers International was “eyeing to develop new integrated resort projects” as part of its plans “to expand its business beyond the walls of Newport World Resorts”.
These include the Boracay Newcoast township being developed by the parent, and The Mactan Newtown township in Lapu-Lapu City, Cebu.
Another project in which Travellers International is involved is the Westside City commercial complex at Entertainment City, in Metro Manila. The hotel casino project at Westside City is being developed in partnership with Suntrust Resort Holdings Inc, a subsidiary of troubled Hong Kong-listed casino investor firm LET Group Holdings Ltd. The venue – with a price tag of US$1.25 billion – is expected to start operations by the fourth quarter this year.
Travellers International reported core revenues of PHP7.69 billion for the first quarter of 2025, up 7.8 percent from a year ago.
In a May announcement, Alliance Global flagged that Newport World Resorts was “strengthening its online gaming system and platform to be able to compete in the online gaming segment of the Philippine gaming industry”.
Alliance Global’s plan to invest PHP5 billion in its casino resort projects were part of an announcement on the conglomerate’s planned capital spending for 2025. The group, led by local tycoon Andrew Tan, said it was allocating capital expenditure this year of PHP59 billion, “to pursue new undertakings and continue with its ongoing projects across its key business segments”.
The announcement cited Kevin Tan, Alliance Global’s chief executive and president, as saying: “We believe there exists a lot of opportunities here and across the globe where our business can grow, especially in the areas of consumer, real estate, leisure, and tourism spaces where we have built-in competitive advantages.”
He added: “Our capital investments are expected to continue to focus on market expansions and strengthening our operational capacities.”
The group’s property arm, Megaworld Corp, will be allocated the biggest share of this year’s planned capital expenditure, with about PHP50 billion. Among Megaworld’s projects are plans to add close to 3,600 hotel rooms across the country, including in Metro Manila and Boracay.
