MANILA, Philippines – Gotianun-led Filinvest Development Corporation is set to top off a new hotel in Camp John Hay in Baguio City this June that will be opened in the first quarter of 2025. Grafik Pine House Baguio, which is being built on a 5,700-square-meter property in the former US military rest and recreation base, Camp John Hay, will be the Gotianuns’ first hotel under their new Grafik Hotel brand. Topping off or topping out is the placing of the last beam, usually a piece of steel, in a construction project.
A topping-off ceremony is now commonly held by big companies. Filinvest said it has completed the building’s structural phase. In a disclosure on Monday, June 10, Filinvest said the new hotel will have more than 200 rooms, dining outlets, a spa, and meeting rooms.
“After a strong 2023, we’re confident in full tourism recovery in 2024, showcasing the lasting appeal of the Philippines. As the Filinvest Group sets its sights on faster growth and making a positive impact on Philippine tourism and nation-building, our hospitality business aims to be a significant contributor to its overall plan,” Filinvest Hospitality Corporation (FHC) first senior vice-president Francis Gotianun said on Monday. Filinvest is enhancing its hospitality business after recording a 48% increase in revenues in 2023 as Philippine travel and tourism continued to rebound from the pandemic.
Filinvest hotels and resorts, which are under its subsidiary FHC, got higher occupancy rates, .
