Grand Plaza Hotel Corporation Reports Earnings Results for the Full Year Ended December 31, 2022

Grand Plaza Hotel Corporation is a Philippines-based company, which owns, leases, or manages one or more hotels, inns, or resorts. The Company operates in three segments: room division, food and beverage division, and other operating departments and rental. The room division includes the sale of guestrooms. The food and beverage division includes the sales of food and beverage at various restaurants. The other operated departments and rental segment includes telephone department, business center, car parking, laundry, and rental of space. It has rooms and facilities and amenities, such as restaurants, function halls, and a coffee shop. It also has a Millennium club, which provides access to meeting rooms, a private lounge and private concierge services. It owns and operates The Heritage Hotel, which is a deluxe class hotel that offers approximately 450 rooms and facilities and amenities such as restaurants, function halls, and a coffee shop.