Parque España Residence Hotel                                                                         
East Asia Drive , Filinvest Corporate City, Alabang

Hospitality International, Inc. has managed Parque España Residence Hotel from its inception in December 1999, when the turn-over of units to the unit owners was completed.

The condotel operations has funded significant improvements and additions to the amenities/facilities of the building, such as the roofdeck restaurant, the gym, the building security systems, and the lobby improvement.

Parque España Residence Hotel’s summary of performance:

Year

2000

2001

2002

2003

2004

2005

2006
2007
2008
As of June 2009

Occupancy Rate

72%

82%

70%

72%

82%

83%

87.41%
86%
85%
77%

Net Operating Profit Margin

70%

70%

65%

58%

61%

69%
60%
63%
67%
65%

ROI per Annum

11%

13%

10%

8%

11%

11%

13%
16%
22%
18%

Parque España Residence Hotel’s operating performance has significantly exceeded the local hotel industry’s performance over the past 10 years.      

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