Gotianun-led Filinvest Development Corp. is consolidating its hotel and resort businesses by folding them into Filinvest Hospitality Corp. (FHC).

In a disclosure to the Philippine Stock Exchange, Filinvest announced that its board of directors has approved the planned merger of nine wholly-owned subsidiaries, led by FHC, which comprise the hospitality arm of the Filinvest Group.

The eight other companies are Boracay Seascapes, Inc., Dauin Seascapes, Inc., Duawon Seascapes Resort, Inc., Dumaguete Cityscapes, Inc., Gensan Cityscapes, Inc., Mactan Seascapes Services, Inc., Princesa Cityscapes, Inc., Zamboanga Cityscapes, Inc.

FHC will be the surviving entity after the merger, which is an internal corporate restructuring initiative aimed at streamlining the organizational and operational structure of the Filinvest Group’s hospitality business.

The transaction only involves the consolidation of unlisted subsidiaries, and no new shares of FDC will be issued as a result of the merger. It will have no material financial effect on the consolidated group upon completion.

FDC’s hospitality business total revenues and other income were up seven percent in the first half of 2025 to ₱2.19 billion. The growth was driven by higher room revenues resulting from increased occupancy, growth in the food and beverage segment, and higher spending per guest in other revenue streams, such as Mimosa Golf.

Last year, FHC said it was aiming to more than double the number of its hotel rooms in key destinations across the country as it sees both local and foreign tourists fueling the growth of the travel market.

FHC First Senior Vice President Francis Gotianun said, “We're looking at adding close to 2,000 additional keys,” consisting of home-grown brands, on top of the group’s existing 1,800 hotel rooms.

“We're focusing on key tourist destinations across the country. We're working on a collection of the top spots. So that when we go out into the international market or even the domestic market, we can sell all the good destinations,” he explained.

Gotianun said the group is focusing on prime tourist destinations, including Boracay, Palawan, Bohol, Baguio, and Cebu, noting that, “it's more about the quality of the keys and the spread as opposed to the number.”

“While there is a lot of focus on the number of keys, we're really focusing on creating a collection of hotels in the right locations. So that when we go out into the market, we can sell all the best of the Philippines,” he explained.