Filinvest

Filinvest Development Corporation
PSEFDC
Industry
Founded1955; 69 years ago (1955)
Founders
Headquarters6th Floor, The Beaufort, 5th Ave corner 23rd St., Bonifacio Global City, ,
Philippines
Key people
SubsidiariesEast West Banking Corporation
EastWest Rural Bank, Inc.
FDC Utilities, Inc.
Chroma Hospitality, Inc.
Filinvest Alabang, Inc.
Filinvest Land, Inc.
ALG Holdings, Inc.
Filinvest Asia Corporation
Davao Sugar Central Corporation
Pacific Sugar Holdings
Cyberzone Properties, Inc.
The Palms Country Club
Festival Supermall, Inc.
EastWest Ageas Life Insurance Corporation
EastWest Insurance Brokerage, Inc.
EastWest Leasing and Finance Corporation
LIPAD Corporation
Website

Filinvest Development Corporation (PSEFDC) is the publicly listed holding company for the various firms in the Filinvest group. It was established in 1955 in the Philippines by Andrew L. Gotianun Sr. and his wife, Mercedes Gotianun, as a used-car financing company.[1] It has holdings in real estate development and leasing, the sales of housing units, and hotel and resort management, banking and financial services, sugar and power.[2][3] It is based in Metro Manila, Philippines, and is owned by the Gotianun family.[4]

Filinvest Development Corporation is involved in the hotel and tourism industry, and owns the hotel brands Crimson and Quest, the latter of which is a new value-brand hotel. In September 2014, it was reported that it planned on opening 5,000 hotel rooms within five years. At that time, company officials stated that it had over 1,000 hotel rooms. During this time it was also reported that the company was building seven hotels, two of which will be under the new Quest value brand.[5]

In 1996, the company owned approximately 4,000 acres "of prime real estate around Manila", along with land in Cebu and Fort Bonifacio.[6]

  1. ^ Suryadinata, L.; Studies, Institute of Southeast Asian; (Singapore), Chinese Heritage Center (2012). Southeast Asian Personalities of Chinese Descent: Glossary and index. Southeast Asian Personalities of Chinese Descent: A Biographical Dictionary. Institute of Southeast Asian Studies. p. 9. ISBN 978-981-4414-13-5.
  2. ^ Cite error: The named reference Bloomberg was invoked but never defined (see the help page).
  3. ^ Cite error: The named reference Official was invoked but never defined (see the help page).
  4. ^ Cite error: The named reference Bloomberg1 was invoked but never defined (see the help page).
  5. ^ Cite error: The named reference Loyola was invoked but never defined (see the help page).
  6. ^ Cragg, Claudia (1996). The New Taipans: A Vital Source Book on the People and Business of the Pacific Rim. Arrow business books. Arrow Books. p. 116. ISBN 978-0-09-968591-3.