Content Writer: Janice Chew • Tuesday, 26/02/2026 - 12:44:36 - PM
The backer of New Coast Hotel Manila has confirmed that capital expenditure for the property’s redevelopment is expected to be completed by 2033, underscoring a long-term repositioning strategy for the Manila integrated resort and hospitality market.
According to management commentary cited by regional gaming and hospitality media, the extended investment timeline reflects a phased approach to refurbishment, balancing operational continuity with asset enhancement. The revamp is aimed at strengthening the property’s competitiveness amid rising competition in Entertainment City and broader Metro Manila.
The announcement highlights a growing trend among Philippine operators and investors: prioritising asset life extension, non-gaming upgrades, and yield optimisation over aggressive short-term expansion. Analysts note that this mirrors similar long-cycle reinvestment strategies seen in mature Asian gaming markets such as Macau and Singapore.
The confirmation of sustained capex also signals confidence in Manila’s long-term tourism and gaming fundamentals, even as operators remain cautious amid regulatory scrutiny, regional competition, and evolving player demand.