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PNB seeks to foreclose Waterfront hotels

Posted by Mai on November 11th, 2008

Sun.Star Network Online
PNB seeks to foreclose Waterfront hotels

By Katrina A. Balmaceda

CEBU CITY — The Philippine National Bank (PNB) is seeking the foreclosure and sale of two of Cebu’s major hotels due to a debt of about P740 million.

These are Waterfront Cebu City Casino Hotel Inc. and Waterfront Mactan Casino Hotel Inc., which are owned by Waterfront Philippines Inc. (WPI).

Read rest of this story here:
Sun.Star Network Online

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