FLI diversifies into condotels
The Philippine Star|September 17, 2024
Filinvest Land Inc.(FLI) is adding the condotel business in its diverse project portfolio with the acquisition of outstanding shares in Fora Services Inc. (FOSI).
RICHMOND MERCURIO

In a stock exchange filing, the listed property developer of the Gotianun family said its board approved the acquisition of 100 percent of the outstanding shares in FOSI from Filinvest Hospitality Corp. (FHC) for P400,000.

FHC is a subsidiary of Filinvest Development Corp., which is the parent company of FLI.

FLI said the acquisition of FOSI would involve the addition of the first-ever Securities and Exchange Commission-registered condotel business model into its diverse portfolio.

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