The rumor of Ayala mall is over. Ayala Land, Inc. has lined up several project launches for 2010 including a 150-room hotel in Cagayan de Oro City scheduled in December 2010. Perhaps this is one of their so-called boutique hotels.
This was revealed during Ayala’s presentation at the JP Morgan Asia Pacific Conference (New York) and A Roadshow c/o JP Morgan (San Francisco) held in the United States last June 28-30, 2010 and July 1-2, 2010, respectively.
The slide above and below are just some of the slides which indicates the hotel project in Cagayan de Oro. Of course, the mall project will have to be launched in the fourth quarter also of this year. If my math is right, a 150-room hotel would need at least 10 storeys for a space in the Floirendo lot, unless of course Ayala will construct it in another property.
Thanks to Damarre for the info. BTW!! You can download the presentation of Ayala Land, Inc.
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