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                    [ArticleID] => 290274
                    [Title] => Acesite Hotel incurs higher losses in H1
                    [Summary] => The Gatchalian-owned Acesite (Phils.) Hotel Corp. incurred higher losses in the first half of this year to P81.12 million, from the P78.43-million loss recorded  in the previous year-period.


Acesite owns Manila Pavillion, formerly Holiday Inn Manila. 


Gross revenues, however, rose six percent to P304.08 million from P286.57 million due to the increase in rooms and food and beverage revenues.  Operating income slightly increased to P111.44  million from P110.26 million. 


                    [DatePublished] => 2005-08-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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GWENDOLYN FELICIANO

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                    [ArticleID] => 290274
                    [Title] => Acesite Hotel incurs higher losses in H1
                    [Summary] => The Gatchalian-owned Acesite (Phils.) Hotel Corp. incurred higher losses in the first half of this year to P81.12 million, from the P78.43-million loss recorded  in the previous year-period.


Acesite owns Manila Pavillion, formerly Holiday Inn Manila. 


Gross revenues, however, rose six percent to P304.08 million from P286.57 million due to the increase in rooms and food and beverage revenues.  Operating income slightly increased to P111.44  million from P110.26 million. 


                    [DatePublished] => 2005-08-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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abtest

Acesite Hotel incurs higher losses in H1

By Zinnia B. Dela Peña | August 7, 2005 - 12:00am

The Gatchalian-owned Acesite (Phils.) Hotel Corp. incurred higher losses in the first half of this year to P81.12 million, from the P78.43-million loss recorded in the previous year-period. Acesite owns Manila...

Business