Anchor Land Holdings hospitality unit to enter serviced apartment biz

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The story "Anchor Land Holdings hospitality unit to enter serviced apartment biz" was covered 1 weeks ago by Business Mirror, a news publisher based in Philippines.

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Anchor Land Holdings hospitality unit to enter serviced apartment biz - Business Mirror

Quick Summary:

ANCHOR Land Holdings Inc.is securing its foothold in the country’s competitive tourism industry by further expanding its hotel portfolio and going into the serviced residences sector.

The company has presented the projects to prospective investors in Japan and Indonesia, giving them an average yield of 6.97 percent on their investment.“For the Japanese market, anything above 5 percent is a good investment,” said Gomez.

Tieza, which co-hosted the summit, presented incentives for locators at their Tourism Enterprise Zones, and include tax holidays and duty-free imports of capital equipment.“We have to maximize these incentives so we can reduce our costs [of construction],” she said.