Our Business Operations
Waterfront Philippines, Inc. (WPI) was registered with the Securities and Exchange Commission on September 23, 1994 as an investment holding company for hotel, leisure, and tourism business. WPI is 46% owned by The Wellex Group, Inc.
WPI’s significant investments consist of Waterfront Cebu City Casino Hotel, Inc. in Cebu City, Waterfront Casino Hotel, Inc. in Mactan, Cebu, and Davao Insular Hotel Company, Inc. in Davao City. WPI also has a controlling interest in ACESITE (Phils.) Hotel Corporation, which operates under the trade name “Manila Pavilion Hotel”, now part of the Waterfront group of hotels.
The Company has seven other subsidiaries namely, the Waterfront Hotel Management Corporation; Mayo Bonanza, Inc.; Waterfront Horizon Corporation (formerly Waterfront Entertainment Corporation); Waterfront Food Concepts, Inc.; Waterfront Wellness Group, Inc.; Grand Ilocandia Development Incorporated; and Waterfront Promotions Limited.