Grand Plaza Hotel Corp.
PPSE:GPH4.98
PHP
-0.05
(-0.99%)
ISIN
PHY284721016
CUSIP
Y28472101
Return %
Stock
S&P 500
1Y
-9.45
14.20
3Y
-49.03
81.12
5Y
-69.78
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Kyun Ku Han
- Sector
- Consumer services
- Industry
- Hotels/Resorts/Cruise lines
- Address
- Pasay City Philippines
- IPO Date
- Oct 26, 1992
- Website
- grandplazahotelcorp.com
- Similar Companies
- Business
- Grand Plaza Hotel Corporation is a Philippines-based hospitality company primarily engaged in the ownership, leasing, operation, and management of deluxe-class hotel properties and related lodging and leisure facilities. Incorporated in 1989 and headquartered in Pasay City, Metro Manila, Philippines, the company operates as a subsidiary of The Philippine Fund Limited and forms part of the international Millennium & Copthorne Hotels group under the ultimate parent entity Hong Leong Investment Holdings Pte. Ltd. Grand Plaza Hotel Corporation conducts its primary business activities through The Heritage Hotel Manila, a 467-room full-service deluxe hotel serving international and domestic business executives, corporate delegations, and leisure travelers. The company provides a diversified portfolio of hospitality products and services, which include standard, deluxe, and suite room accommodations; food and beverage operations delivered through full-service dining establishments such as the Riviera Café, lobby lounges, coffee shops, and catering services; conference, banquet, and meeting facilities comprising ballrooms and multi-functional event halls equipped for corporate conventions, seminars, and social gatherings; executive business support and concierge services through the dedicated Millennium Club lounge and business centers; health, recreation, and wellness amenities encompassing an outdoor swimming pool, a fully equipped fitness gymnasium, and beauty and spa services; and commercial space leasing for hospitality-adjacent and retail concessionaires. In recent developments, Grand Plaza Hotel Corporation has executed a multi-phase property refurbishment and modernization program across The Heritage Hotel Manila, completing extensive renovations of guestroom floors, suite interiors, public corridors, and outdoor recreational areas to enhance asset value and improve guest satisfaction. In response to the cessation of casino leasing operations previously operated by the Philippine Amusement and Gaming Corporation (PAGCOR), the company has strategically restructured its commercial space utilization and re-aligned its operational focus toward corporate hospitality, banquet functions, and independent food and beverage growth. Furthermore, Grand Plaza Hotel Corporation continues to adapt its operational and cost management strategies to navigate shifts in international visitor traffic, utility expenses, and labor costs while strengthening its competitive positioning within the Metro Manila hospitality market.