Filinvest Development Corporation (FDC) recently expanded into the hospitality industry through the management of hotels, resorts and private membership clubs.
In 2008, FDC entered into a joint venture with Archipelago International Pte. Ltd. (AIPL) for the formation of Filarchipelago Hospitality, Inc. (FHI) in which FDC owns 60% interest. FHI is responsible for managing the Grand Cenia Condotel and Residences which is under development by FLI in Cebu, FAI’s planned hotel at its Entrata Complex in Alabang, and the Crimson Resort and Spa in Seascapes Resort Town. AIPL is an affiliate of Aston International, which manages hotels, resorts, residences, spas and villas under Crimson and other hospitality brands.