Filinvest consolidates nine hospitality units into FHC

Gotianun-led Filinvest Development Corp. (FDC) is consolidating its hotels and resorts businesses by folding all of them into Filinvest Hospitality Corp. (FHC).

- By JAMES A. LOYOLA

In a disclosure to the Philippine Stock Exchange (PSE), Filinvest said its board of directors has approved the planned merger of nine wholly owned subsidiaries, led by FHC, that comprise the hospitality arm of the Filinvest Group.

The eight other companies are Boracay Seascapes Inc., Dauin Seascapes Inc., Duawon Seascapes Resort Inc., Dumaguete Cityscapes Inc., Gensan Cityscapes Inc., Mactan Seascapes Services Inc., Princesa Cityscapes Inc., and Zamboanga Cityscapes Inc.