Waterfront Philippines, Inc.
PPSE:WPI0.44
PHP
0.00
(0.00%)
ISIN
PHY953131059
CUSIP
Y95313105
Return %
Stock
S&P 500
1Y
3.57
14.39
3Y
6.10
81.42
5Y
-17.92
68.62
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- Full Time Employees
- 404
- Sector
- Consumer services
- Industry
- Hotels/Resorts/Cruise lines
- Address
- Cebu City Philippines
- IPO Date
- Feb 10, 1995
- Website
- waterfronthotels.com.ph
- Similar Companies
- Business
- Waterfront Philippines, Inc. is an investment holding company that owns, develops, and operates hotels, casinos, and integrated leisure and tourism properties in the Philippines. Founded in 1994 and headquartered in Cebu City, Philippines, the company operates as a principal hospitality subsidiary of The Wellex Group, Inc. The company offers a diversified range of hospitality, leisure, and entertainment products and services, including: luxury and business hotel accommodations through flagship properties such as Waterfront Cebu City Hotel & Casino, Waterfront Airport Hotel & Casino in Mactan, and Waterfront Insular Hotel Davao; casino gaming venue leasing, amusement facilities, and entertainment operations; meetings, incentives, conferences, and exhibitions (MICE) facilities, featuring large-capacity convention centers, ballrooms, and multi-purpose event venues; food and beverage operations encompassing fine dining, international specialty restaurants, cafe lounges, banquet catering, and commercial bakery manufacturing distributing breads and pastries across internal outlets and commercial retail channels; wellness, fitness, and recreational amenities, including health clubs, fitness gyms, spa therapy centers, swimming facilities, and sports training; hotel management and hospitality consultancy advisory services for investors and independent property owners; and international tourism and gaming marketing services conducted through its offshore subsidiary, Waterfront Promotion Ltd. The company conducts its primary business activities through several operating subsidiaries, including Waterfront Cebu City Casino Hotel, Inc., Waterfront Mactan Casino Hotel, Inc., Davao Insular Hotel Company, Inc., and Acesite (Phils.) Hotel Corporation. In recent operational developments, the company, via its subsidiary Acesite (Phils.) Hotel Corporation, officially suspended the reconstruction and redevelopment project of the Waterfront Manila Hotel and Casino, deferring project reconsideration to 2028 in response to escalating construction budgets reaching 3.6 billion Philippine pesos, technical structural reinforcement requirements on the existing framework, and cautious market conditions in the Metro Manila gaming sector, allowing the group to preserve liquidity and focus resources on its established regional hospitality assets.