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| PSE: FDC | |
| Industry |
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| Founded | 1955; 69 years ago (1955) |
| Founders |
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| Headquarters | 6th Floor, The Beaufort, 5th Ave corner 23rd St., Bonifacio Global City,
,
Philippines
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Key people |
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| Subsidiaries | East West Banking Corporation EastWest Rural Bank, Inc. FDC Utilities, Inc. Chroma Hospitality, Inc. Filinvest Alabang, Inc. Filinvest Land, Inc. ALG Holdings, Inc. Filinvest Asia Corporation Davao Sugar Central Corporation Pacific Sugar Holdings Cyberzone Properties, Inc. The Palms Country Club Festival Supermall, Inc. EastWest Ageas Life Insurance Corporation EastWest Insurance Brokerage, Inc. EastWest Leasing and Finance Corporation LIPAD Corporation |
| Website |
(real estate arm) (holding group arm) |
Filinvest Development Corporation (PSE: FDC) is the publicly listed holding company for the various firms in the Filinvest group. It was established in 1955 in the Philippines by Andrew L. Gotianun Sr. and his wife, Mercedes Gotianun, as a used-car financing company.[1] It has holdings in real estate development and leasing, the sales of housing units, and hotel and resort management, banking and financial services, sugar and power.[2][3] It is based in Metro Manila, Philippines, and is owned by the Gotianun family.[4]
Filinvest Development Corporation is involved in the hotel and tourism industry, and owns the hotel brands Crimson and Quest, the latter of which is a new value-brand hotel. In September 2014, it was reported that it planned on opening 5,000 hotel rooms within five years. At that time, company officials stated that it had over 1,000 hotel rooms. During this time it was also reported that the company was building seven hotels, two of which will be under the new Quest value brand.[5]
In 1996, the company owned approximately 4,000 acres "of prime real estate around Manila", along with land in Cebu and Fort Bonifacio.[6]
Filinvest hotels are managed through subsidiaries Filinvest Hospitality Corporation (formerly FDC Hotels Corporation) and Chroma Hospitality, Inc. (formerly FilArchipelago Hospitality, Inc.), a joint venture with Archipelago InternationalofIndonesia, respectively. The earlier, a wholly-owned subsidiary was formed to serve as the primary developer and owners’ representative of Group-owned properties.[7] On the other hand, through Chroma, FDC caters to various segments of the hospitality sector through the 5-star Crimson brand, 3-star Quest brand and Crimson Resort and Spa in Boracay.
