Month: November 2017

Andrew Tan to bring Ritz-Carlton Hotel to Philippines

MANILA, Philippines — Tycoon Andrew Tan is bringing the world renowned Ritz-Carlton hotel brand to the Philippines, marking the first time that the finest luxury brand will be in the country. Tan will rebrand the existing Maxims Hotel, an all-suite accommodation at...

Belle’s net profit surges by 37% on higher gaming revenue

Leisure estate and gaming firm Belle Corp. grew its nine-month net profit attributable to equity holders of parent firm by 37 percent year-on-year to P2.2 billion on higher gaming revenue from the thriving integrated gaming resort City of Dreams Manila (CoD Manila)....

Thai firm building up to 15 new budget hotels in Philippines

MANILA, Philippines — The Erawan Group Plc., Thailand’s leading hotel developer, is planning to build up to 15 budget hotels in the Philippines over the next five years. Kamonwan Wipulakorn, president and director of The Erawan Group, said the company is allotting P4...