Suntrust Resort Holdings, Inc.
PPSE:SUN0.42
PHP
0.00
(0.00%)
ISIN
PHY831501051
CUSIP
Y83150105
Return %
Stock
S&P 500
1Y
-34.13
14.20
3Y
-48.12
81.12
5Y
-72.15
68.34
Capital Structure
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in mil. unless spec.Company Description
- Full Time Employees
- 239
- Sector
- Consumer services
- Industry
- Hotels/Resorts/Cruise lines
- Address
- Taguig City Philippines
- IPO Date
- Feb 11, 1959
- Website
- suntrusthomedev.com
- Similar Companies
- Business
- Suntrust Resort Holdings, Inc. is a Philippines-based integrated resort developer and holding company primarily engaged in the development, operation, and management of tourism, hospitality, entertainment, and gaming facilities. Incorporated in 1956 and headquartered in Taguig City, Metro Manila, Philippines, the company operates as a subsidiary of Fortune Noble Limited, under the ultimate parent entity LET Group Holdings Limited. Suntrust Resort Holdings focuses on developing a flagship five-star hotel and casino integrated resort located within the Westside City development in Entertainment City, Parañaque, Metro Manila. The company's core operations and offerings comprise gaming facilities, including mass gaming floors, VIP gaming salons, electronic gaming machines, slot machines, and live table games such as baccarat, roulette, and blackjack; hospitality accommodations, featuring luxury hotel rooms, executive suites, and private villas; food and beverage services, encompassing international specialty restaurants, fine dining establishments, casual dining outlets, cafes, bars, and lounges; entertainment and leisure facilities, including live performance venues, grand ballrooms, meeting, incentive, convention, and exhibition facilities, outdoor swimming pools, wellness spas, and fitness centers; and commercial and support amenities, consisting of luxury retail shopping arcades, parking infrastructure, and property management services. In recent strategic developments, the company changed its corporate name from Suntrust Home Developers, Inc. to Suntrust Resort Holdings, Inc. to reflect its comprehensive strategic shift from real estate development to large-scale casino and hospitality operations. To fund ongoing construction, structural completion, architectural fit-out, and pre-opening preparations for the Westside City integrated resort, the company has executed multiple financing agreements and shareholder loan facilities with its parent entities, LET Group Holdings Limited and Summit Ascent Holdings Limited. Additionally, Suntrust Resort Holdings maintains active co-development and lease agreements with Travellers International Hotel Group, Inc. and Westside City Resorts World Inc. while finalizing procurement, operational setup, and regulatory compliance under its provisional license framework with the Philippine Amusement and Gaming Corporation.