If you’re planning a trip to the Philippines, you might have heard of Pearl Farm Beach Resort – a luxurious beachside resort located on the pristine island of Samal. But have you ever wondered who owns this stunning property? Let’s take a closer look.
History of Pearl Farm Beach Resort
Pearl Farm Beach Resort was originally a pearl farm established by a Japanese businessman in the 1970s. However, during the political turmoil that plagued the Philippines in the 1980s, the pearl farm was abandoned and left to decay.
In 1992, Ayala Land Inc., one of the largest real estate developers in the Philippines, acquired the property and transformed it into what is now known as Pearl Farm Beach Resort. The resort officially opened its doors to guests in 1995 and has since become a popular destination for both local and international travelers.
Who Owns Ayala Land Inc.?
Ayala Land Inc. is owned by Ayala Corporation – one of the oldest and largest conglomerates in the Philippines. The company was founded in 1834 by Spanish-Filipino businessman Antonio de Ayala and has since expanded into various industries including real estate, banking, telecommunications, and healthcare.
Today, Ayala Corporation is still family-owned and controlled by members of the Ayala family. Jaime Augusto Zobel de Ayala serves as the current chairman and CEO of both Ayala Corporation and its subsidiary Ayala Land Inc.
What Makes Pearl Farm Beach Resort Unique?
Aside from its stunning location on Samal Island, Pearl Farm Beach Resort is known for its rich history and unique design. The resort’s architecture pays homage to its past as a pearl farm with traditional Filipino materials such as bamboo and cogon grass used throughout.
In addition to its beautiful accommodations, Pearl Farm Beach Resort also offers various activities for guests including island hopping, scuba diving, and cultural tours. The resort’s restaurants serve a mix of local and international cuisine, with seafood being a highlight due to the resort’s history as a pearl farm.
Final Thoughts
While Pearl Farm Beach Resort is owned by Ayala Land Inc., it’s important to note that the resort operates independently and has its own management team. Whether you’re interested in the resort’s history or just looking for a luxurious beachside getaway, Pearl Farm Beach Resort is definitely worth considering for your next vacation.