Filinvest Hospitality Corp. Embarks On New Ventures to Propel Stronger Growth

Filinvest Hospitality Corporation (FHC), the hospitality arm of the Gotianun-led Filinvest Development Corp., is aiming to achieve stronger growth this year by embarking on new ventures, including enhancing its hotel brands and introducing new hotel and food and beverage (F&B) offerings.

FHC achieved a notable 48 percent revenue increase to PHP 2.9 billion in 2023, attributing this to better occupancy rates, higher average room rates, and increased contributions from its F&B outlets. I Photo: Filinvest Hospitality Corporation

FHC disclosed to the Philippine Stock Exchange (PSE) that it achieved a notable 48 percent revenue increase to PHP 2.9 billion in 2023, attributing this to better occupancy rates, higher average room rates, and increased contributions from its F&B outlets.

Francis Gotianun, First Senior Vice President of FHC, noted, “After a strong 2023, we’re confident in full tourism recovery in 2024, showcasing the lasting appeal of the Philippines. As the Filinvest Group sets its sights on faster growth and making a positive impact on Philippine tourism and nation-building, our hospitality business aims to be a significant contributor to its overall plan.”

He pointed out that Filinvest’s hospitality portfolio caters to a diverse range of travel preferences through its seven hotels ranging from high-end five-star properties under the Crimson brand to Quest hotels and Timberland which serve the mid-priced leisure markets.

FHC’s Crimson Mactan, he shared, has ongoing renovations to improve the services and facilities offered.

Among its new offerings is the Azure Beach Club, a modern beachfront space that features the savoring of listening to music while enjoying cocktail concoctions.

The hotel also opened its authentic Japanese restaurant, Aka, which offers omakase, kaiseki, and à la carte menu. FHC highlighted that Aka’s Chef Naoki Eguchi showcases the art of Japanese gastronomy.

Meanwhile, the company said that its Quest Hotel, strategically located in Cebu, Clark, and Tagaytay, continues to be a primary destination for Meetings, Incentives, Conventions, and Exhibition events. It added that Quest Clark is located close to the renowned 36-hole Mimosa Golf Course.

Timberland Highlands Resort, FHC said, caters to mountain bike enthusiasts and those seeking to experience nature within the city.

The company is also currently completing the first of its new line of hotels called Grafik Hotel Collection, led by Grafik Pine House Baguio, set to open in the first quarter of 2025, which is built on a 5,700-square-meter property within Camp John Hay.

On the F&B front, Filinvest Hospitality continues to grow its café restaurant, Baker J, which offers authentic Parisien-baked pastries, crafted coffee, and a diverse range of plated dishes.

Currently, it has five branches located in Alabang, Clark, Tagaytay, Taguig, and Rizal.

Gotianun assured that Filinvest Hospitality’s developments and operations adhere to best practices in sustainability, as the company’s hotels feature green building designs including double glazing, water-efficient fixtures, energy monitoring, and natural lighting.

He further emphasized that Filinvest Hospitality plays a crucial role in the broader strategy of the Filinvest Group, which is focused on achieving accelerated growth to proactively contribute to the Philippine economy.