+ Follow DAVAO INSULAR HOTEL Tag
DAVAO INSULAR HOTEL
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[ArticleID] => 350743
[Title] => Waterfront Hotel chain profit surges 29 times in H1
[Summary] =>
The Gatchalian-controlled hotel chain Waterfront Philippines Inc. reported an unaudited net operating profit of P146 million in the first half this year or more than 29 times the previous level, driven by the aggressive expansion of its international and domestic distribution network.
In a statement, Waterfront said its revenues rose eight percent to P939 million from P871 million while gross operating profit grew 15 percent to P392 million from P341 million a year earlier.
[DatePublished] => 2006-08-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 343909
[Title] => Waterfront sets aside P250M for renovation
[Summary] => Waterfront Philippines Inc. is spending another P250 million this year for the second phase of its renovation program, aimed at capturing more clients and further cementing its hold as the largest Filipino-owned hotel chain in the country.
The second phase will cover the refurbishment of the guest rooms and suites of Waterfront’s four hotels, namely the Manila Pavillion Hotel and Casino, Cebu City Hotel and Casino, Mactan Airport Hotel and Casino, and the Davao Insular Hotel.
[DatePublished] => 2006-06-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 257634
[Title] => All about HIM
[Summary] => As everybody knows, Ayala Land, Inc. is currently reviewing the Intercon Group’s management contract for Hotel Intercontinental Manila.
[DatePublished] => 2004-07-15 00:00:00
[ColumnID] => 135040
[Focus] => 0
[AuthorID] => 1488513
[AuthorName] => Margaret Jao-Grey
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 248824
[Title] => PSE suspends trading of Wellex shares
[Summary] => The Philippine Stock Exchange (PSE) suspended yesterday trading in shares of Wellex Industries Inc. of plastics king William Gatchalian due to the company’s failure to comply with the bourse’s reportorial requirements.
In a memo to brokers, the PSE said the suspension was due to Wellex’s failure to submit its annual report for 2003 and pay the basic and daily fines.
It was not the first time that trading of Wellex shares has been suspended. Last year, the company was also fined by the PSE for repeated failure to submit financial reports on time.
[DatePublished] => 2004-05-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 104899
[Title] => Hard times hit hotels in Davao City
[Summary] => DAVAO CITY  Hard times have indeed hit hotels in this city since last year when two major hotels closed down due to low occupancy rates and high operational costs.
The closures resulted from the Asian economic crisis, the hostilities between government and Moro rebel forces and the spate of kidnappings by the extremist Abu Sayyaf, which slowed down tourist arrivals and economic activities in this part of the country.
This economic downturn triggered a price war among hotels here.
[DatePublished] => 2001-04-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Nation
[SectionUrl] => nation
[URL] =>
)
[5] => Array
(
[ArticleID] => 90023
[Title] => Perez - Gatchalian meet set Monday
[Summary] => Justice Secretary Hernando Perez disclosed yesterday he is scheduled to meet Monday afternoon with William Gatchalian, a crony of former President Joseph Estrada, to discuss what the businessman knows about the ousted leader’s cases.
The Department of Justice (DOJ) is compiling documents and readying the criminal charges against Estrada.
Perez said state prosecutors are in the process of evaluating a ninth plunder case to be filed against the deposed president, involving the Waterfront hotels of Gatchalian, the so-called plastics king.
"We don’t have t
[DatePublished] => 2001-03-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096652
[AuthorName] => Delon Porcalla
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[6] => Array
(
[ArticleID] => 89940
[Title] => ‘Estrada loaned Gatchalian P500 M for casino project’
[Summary] => Ousted President Joseph Estrada loaned his friend William Gatchalian P500 million to convert the Gatchalian-owned Davao Insular Hotel into a casino, overall Deputy Ombudsman Margarito Gervacio said yesterday.
Gervacio heads the four-member panel from the Ombudsman that has been tasked to investigate the plunder charges filed against Estrada.
However, Gervacio told The STAR yesterday he is not sure if the information is true because he had only heard about it from his golfing buddies.
[DatePublished] => 2001-03-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096652
[AuthorName] => Delon Porcalla
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[7] => Array
(
[ArticleID] => 89235
[Title] => Was P500-M Velarde account used by Estrada pal in purchasing Davao hotel?
[Summary] => DAVAO CITY – Was the P500 million from the account of "Jose Velarde" at Equitable-PCIBank which was lent last February to presidential friend and "plastics king" William Gatchalian actually used to buy the famous Davao Insular Hotel?
This is one of the questions that now surround the purchase of the sprawling 250-room resort-hotel, considered one of the city’s major landmarks.
[DatePublished] => 2000-12-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[8] => Array
(
[ArticleID] => 98778
[Title] => Index ends in positive territory on selective buying
[Summary] => Stocks plunged deeper in early trading but sprang back into positive terrain by session’s end yesterday as investors picked up selected blue chips that have been on oversold levels.
The 30-company Phisix moved up 10.37 points, or 0.7 percent, to close at 1,488.79 while the broader All-Shares index added 6.8 points or 0.92 percent to 748.27.
[DatePublished] => 2000-11-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 98748
[Title] => Heavy losses force Estrada pal to close down Davao hotel
[Summary] => DAVAO CITY – Heavy financial losses have forced plastics king and presidential friend William Gatchalian to close down Tuesday the Waterfront Insular Hotel Davao, considered to be among the landmarks in the city.
The closure, which according to the Wellex Group of Companies is only temporary, caught the almost 200 hotel personnel by surprise who were all worried about their being suddenly jobless.
[DatePublished] => 2000-11-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
December 31, 2000 - 12:00am
November 9, 2000 - 12:00am
