Ayala Land will be investing an initial $133 million to develop the first sustainable ecotourism estate in the Philippines.
Located in El Nido, Palawan, Philipines’s, Lio is a 247-acre development that will include hotels and resorts, tourism and commercial establishments and residential communities with world-class amenities that blend with the natural landscape.
The first phase of the project consists of 61 acres hectares, which shall include a township development called Lio Beach Village, including bed and breakfasts, resorts, shops and dining establishments amid civic spaces. Ten Knots Development Corp., a subsidiary of Ayala Land, will develop the property.
The Department of Tourism aims to attract some 10 million foreign visitors to the Philippines, and 56 million domestic tourists by 2016.