Alliance Global Group Inc. (AGI) has announced a significant capital expenditure (capex) of PHP59 billion ($1 billion) for the year 2025, signaling a robust plan for expansion across its diverse portfolio. The conglomerate, which has key interests in real estate, leisure, tourism, and spirits, has earmarked the bulk of the funds for its subsidiaries, including Megaworld Corporation and Travellers International.

Travellers International expands with new luxury resort:

A major portion of the investment, PHP50 billion ($850 million), will be directed toward Megaworld’s development projects. This will support the expansion of the real estate giant’s portfolio, which includes new townships, office spaces, retail properties, and residential developments across the Philippines. Notably, Megaworld plans to significantly enhance its commercial presence with new malls and offices, adding over 139,000 square meters of leasable area in key cities such as Bacolod, Davao, Iloilo, and Pampanga.

Travellers International, AGI’s gaming and leisure arm, will receive PHP5 billion ($87.2 million) to drive forward its own ambitious plans. The most significant project in this segment is the development of The Narra Palm Hotel and Villa within the Newport World Resorts complex in Pasay City. The new property will feature 157 suites and villas, along with exclusive VIP gaming suites tailored to high-net-worth individuals. This luxury offering is expected to attract affluent guests seeking bespoke experiences and exceptional Filipino hospitality.

The Narra Palm Hotel and Villa forms part of AGI’s broader strategy to strengthen its position within the Philippines’ lucrative VIP gaming market, which continues to drive the majority of gaming revenue. The project aligns with the growing trend of integrated resorts that combine high-end hospitality with premium gaming facilities. Travellers International has also outlined further developments within the company’s townships in Boracay and Cebu, as well as new projects at Westside City in Manila’s Entertainment City.

In a strategic move away from focusing exclusively on Newport World Resorts, AGI has unveiled plans for its first major expansion outside of the flagship development. The company will invest an estimated $300 million in a casino resort within Megaworld’s 150-hectare Boracay Newcoast township, expected to be a game-changer for the resort island’s tourism and gaming landscape.

A focus on growth in key sectors:

AGI President and CEO Kevin Tan emphasized that the conglomerate sees numerous growth opportunities both locally and internationally. As reported by GMA Network, he stated, “We believe there are many opportunities here and abroad where our businesses can grow, particularly in the consumer, real estate, leisure, and tourism sectors, where we hold built-in competitive advantages.”

As part of its strategy for long-term growth, AGI plans to continue its focus on expanding its operational capacities and increasing market presence across its key business segments. The conglomerate’s diversification, which spans multiple industries, positions it to leverage its strengths and maximize returns across both the Philippine and global markets.

The majority of AGI’s capital spending will support Megaworld’s efforts to increase its nationwide presence. The company aims to construct office buildings, residential properties, and mixed-use developments in several strategic locations. The investment will also expand the group’s leisure offerings, adding more than 3,600 hotel room keys in popular tourist destinations like Boracay, Pampanga, and Palawan. Moreover, new meetings, incentives, conferences, and exhibitions (MICE) venues are set to be introduced, further strengthening the group’s tourism and hospitality portfolio.

In addition to its real estate investments, AGI will allocate PHP4 billion ($68 million) to Emperador, the group’s global spirits division. This investment will primarily focus on expanding Emperador’s whisky business, particularly in Scotland, where the company is upgrading its production capacity and facilities. Emperador’s expansion includes the construction of 120 new warehouses at The Dalmore Distillery, which will significantly increase the company’s storage and maturing capacity.