Alliance Global Allots P59 Billion for Landmark Projects, Expansions

Alliance Global Group Inc. (AGI) continues to undertake major capital spending this year as part of its commitment to sustain its forward growth, highlighted by major development efforts spearheaded by its leisure development company, Travellers International, as well as the ongoing expansion projects of Megaworld and Emperador.

The holding company of tycoon Dr. Andrew L. Tan is allocating capital expenditure (CAPEX) this year of P59-billion to pursue new undertakings and continue with its ongoing projects across its key business segments to further cement AGI’s standing as the country’s premium lifestyle conglomerate.

AGI Chief Executive Officer and President, Kevin L. Tan said, “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. Our capital investments are expected to continue to focus on market expansions and strengthening our operational capacities.”

About P5 billion will be 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. Intended to become a truly Filipino luxury destination, 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.

Travellers is also eyeing to develop new integrated resort projects in Boracay Newcoast in Malay, Aklan and The Mactan Newtown in Lapu-Lapu City, Cebu, as well as the Westside City commercial complex along Manila Bay in Parañaque City as part of its plans to expand its business beyond the walls of Newport World Resorts.

AGI’s premier township developer, Megaworld, gets the biggest share of the Group capex with or P50 billion to fund its ongoing expansion projects all over the country and across its various operating units. For its investment properties, the company plans to build premium offices in Iloilo, Bacolod, Davao, Pampanga, and Bulacan, with gross leasable area (GLA) totaling over 139,000 square meters. In addition, it is also developing lifestyle malls in Boracay, Bacolod, Pampanga, Cavite, Rizal, and in Metro Manila, increasing its mall GLA by over 151,000 square meters.

Megaworld is also adding close to 3,600 room keys as it builds new hotels in Metro Manila, Pampanga, Palawan, Bacolod, Iloilo, and Boracay. The company is also developing more MICE venues to create an integrated, future-ready urban ecosystem in support of the Group’s intention to firm up its market leadership in the hospitality segment.

Likewise, Megaworld intends to launch at least two more townships this year to further expand its development portfolio to 37 townships and integrated lifestyle communities, ensuring its sustained growth in the future.

The balance of about P4 billion in Group capex is allocated for Emperador’s ongoing expansion of its whisky operations under Whyte and Mackay. In addition to doubling the production capacity of The Dalmore Distillery before the end of the year, the company is also expanding the maturation complex of its Invergordon Distillery, doubling its footprint to 92 hectares and building 120 warehouses for whisky aging. This should enable the grain distillery to house an additional 1.5 million casks of maturing whisky, while further advancing sustainable sourcing and eco-efficient production practices.

AGI posted record consolidated revenues in 2024 of P223.6 billion, an increase of 6% year-on-year. “This strong performance highlights the strength of our diversified portfolio and ability to thrive in shifting market conditions,” says Mr. Tan during the company’s annual stockholders’ meeting.

The Andrew Tan-led conglomerate has varied interests spanning real estate developments through property giant Megaworld Corporation; spirits manufacturing through Emperador Inc.; leisure, entertainment, and hospitality through Travellers International Hotel Group, Inc.; and, quick-service restaurants through its interest in Golden Arches Development Corporation (GADC), popularly known as McDonald’s Philippines.