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                    [Title] => Gatchalian to invest P1B in hotel business
                    [Summary] => 



Plastics king William Gatchalian is putting in an additional P1 billion to expand his hotel holdings.


In an interview with newsmen, Gatchalian said that he has set aside P1 billion to acquire two hotel properties in Manila, specifically the bay area, and another in Davao in the next two years.


The P1-billion kitty also covers the recently opened G Hotel.


According to Gatchalian, he prefers to buy an existing property rather than construct a completely new facility.


Constructing a completely new facility, Gatchalian pointed out, takes time.


                    [DatePublished] => 2006-11-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
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WATERFRONT AIRPORT HOTEL AND CASINO MACTAN AND WATERFRONT INSULAR HOTEL DAVAO

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                    [ArticleID] => 368913
                    [Title] => Gatchalian to invest P1B in hotel business
                    [Summary] => 



Plastics king William Gatchalian is putting in an additional P1 billion to expand his hotel holdings.


In an interview with newsmen, Gatchalian said that he has set aside P1 billion to acquire two hotel properties in Manila, specifically the bay area, and another in Davao in the next two years.


The P1-billion kitty also covers the recently opened G Hotel.


According to Gatchalian, he prefers to buy an existing property rather than construct a completely new facility.


Constructing a completely new facility, Gatchalian pointed out, takes time.


                    [DatePublished] => 2006-11-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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Gatchalian to invest P1B in hotel business

By Marianne V. Go | November 15, 2006 - 12:00am

Plastics king William Gatchalian is putting in an additional P1 billion to expand his hotel holdings. In an interview with newsmen, Gatchalian said that he has set aside P1 billion to acquire two hotel properties...

Business