Waterfront spending P5B to buy hotels

Vol. XXI, No. 148 [ Business World Online ]
Wednesday, February 27, 2008 | MANILA, PHILIPPINES

GATCHALIAN-OWNED Waterfront Philippines, Inc. is allotting some P5 billion for the acquisition of up to four hotels within the next two years, a top company official said.

"We’re always in that process of expanding our hotel business. We’re in talks with various parties and exploring ways to develop our brand in the first-class business hotel and casino [segment]," Waterfront President Kenneth T. Gatchalian in an interview. > > > [ full story ]
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