Richmonde Hotels

What Richmonde Hotels does

Richmonde Hotels is a privately held, home-grown Filipino hotel brand operating three mid-scale properties in the Philippines: Richmonde Hotel Ortigas (opened 2000, Pasig City), Eastwood Richmonde Hotel (opened 2010, Quezon City), and Richmonde Hotel Iloilo (opened 2015, Iloilo City). The brand was established in 1999 as Megaworld Corporation's inaugural hospitality venture and is the first Filipino-owned hotel chain in the country; it is managed through Prestige Hotels & Resorts, Inc., an affiliate of parent Megaworld Corporation. All three properties are embedded within Megaworld-owned mixed-use townships, giving the brand priority access to CBD-grade real estate and to the corporate tenant base (notably IBM, Citibank, and BPO firms in Eastwood City).

The portfolio targets two primary segments: corporate executives and business travelers seeking accommodations adjacent to major offices and thoroughfares (EDSA, C5), and leisure travelers pursuing staycations and weekend getaways. Revenue is generated through five streams: room accommodations across multiple tiers (Deluxe Rooms and suites), food and beverage (The Granary, Eastwood Café+Bar, BizBar, Zabana Bar, plus signature items such as Richmonde Chocolate Cake and Ensaymada), spa and massage services, function rooms and ballroom rentals for events, and bundled promotional packages (Rejuvenate Package, Travel Easy Package, The Giving Package). Distribution is direct-to-consumer via the brand's own website (which routes through booking.megaworldhotels.com), dedicated phone hotlines, email inquiries, and walk-in bookings; no mobile app, third-party AI integrations, or proprietary technology stack are present beyond standard property management and the Megaworld Hotels booking engine.

Pricing is quoted in Philippine Pesos and inclusive of taxes, with package rates ranging from PhP 5,500 to PhP 9,888 nett per stay depending on inclusions (breakfast, transfers, spa credits, massage). The Giving Package directs PhP 300 per nightly room rate to Habitat for Humanity, functioning as both a CSR and pricing-marketing instrument. In 2023, Eastwood Richmonde underwent a major renovation covering 70% of rooms (with the remaining 30% underway), refreshing guest rooms, lobby, function spaces, fitness facilities, and public areas as part of the brand's first refresh program in 12 years.

Name

Richmonde Hotels

Legal name

Prestige Hotels & Resorts, Inc.

Website

https://richmondehotels.com.ph

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

251–500 employees

Short description

Richmonde Hotels is a Philippine home-grown hotel brand under Megaworld Corporation operating three mid-scale properties (Ortigas, Eastwood City, Iloilo Business Park) that target business and leisure travelers with accommodations, F&B, spa, events, and bundled package offerings.

Ownership category

akta.pro rank

Product category

Hotel Accommodations

NAICS

Hotels (except Casino Hotels) and Motels (72111)

SIC

Hotels & Motels (7011)

akta.pro primary industry

Business & Corporate Full-Service Hotels (THAGAAAE)

akta.pro secondary industry

Urban & Downtown Full-Service Hotels (THAGAAAA)

Keywords

• Hotel accommodations
• Hotel rooms
• Food beverage services
• Event venues
• Spa wellness

Headquarters

HQ city

Pasig City

HQ country

Philippines

HQ region

Asia

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Hotel Room Accommodations: Core revenue from overnight stays in Deluxe Rooms, suites, and various room categories across three properties. Revenue is generated through direct bookings, phone reservations, and corporate agreements.
2. Food and Beverage: Revenue from all-day dining restaurants (The Granary, Eastwood Café+Bar, Lobby Café, The Lounge), bars (BizBar, Zabana Bar), room service, and pastry/café offerings including signature Richmonde Chocolate Cake and Ensaymada.
3. Spa and Wellness Services: Massage and wellness services including Moroccan full body massage, aromatherapy, ventosa, head+back massage, and head+foot massage offered as part of packages and standalone services.
4. Function Rooms and Events: Revenue from meeting rooms, function rooms, and ballroom spaces for corporate events and social gatherings.
5. Travel Packages and Promotions: Bundled packages including accommodation, meals, airport transfers, laundry services, and spa treatments offered at promotional rates.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Richmonde Hotels operates three full-service hotel properties under the Prestige Hotels & Resorts, Inc. brand, providing guest room accommodations, all-day dining restaurants and bars, spa and wellness services, function rooms and ballrooms for events, and supporting amenities such as health clubs and pools. The portfolio targets both corporate and leisure travelers in the Philippines, with rooms and packages sold primarily through direct booking channels and the integrated Megaworld Hotels reservation platform.

Product overview

Richmonde Hotels operates as a three-property hotel brand managed by Prestige Hotels & Resorts, Inc., an affiliate of Megaworld Corporation. The portfolio consists of three individual hotels: Richmonde Hotel Ortigas (established 2000 in Pasig City), Eastwood Richmonde Hotel (established 2010 in Quezon City), and Richmonde Hotel Iloilo (established 2015 in Iloilo City). Each property functions as a distinct core product offering accommodations with supporting amenities including restaurants (The Granary, Eastwood Café+Bar), bars (BizBar, Zabana Bar), Health Club facilities, and function rooms. The brand also offers signature food products including Richmonde Chocolate Cake and Richmonde Ensaymada sold through hotel cafés. Room packages and promotional offers (Rejuvenate Package, Travel Easy Package, The Giving Package) are distributed through an online booking system. The hotels collectively emphasize Filipino hospitality with world-class facilities targeting business and leisure travelers.

Differentiator

Problem solved

Functional benefit

Products and services

• Richmonde Hotel Ortigas Full-service hotel located in the heart of Ortigas Center, Pasig City, offering proximity to major shopping malls and corporate buildings, with heated indoor pool, all-day dining restaurant (The Granary), and well-appointed rooms targeting business and leisure travelers.
• Eastwood Richmonde Hotel Full-service hotel located within the Eastwood City mixed-use development in Quezon City, offering access to retail stores, supermarkets, dining options, and corporate offices including IBM and Citibank, with renovated rooms and full banquet and wellness facilities.
• Richmonde Hotel Iloilo Full-service hotel located inside Iloilo Business Park in Iloilo City, featuring the most spacious rooms in the city with all-day dining, bars, and banquet facilities catering to business and leisure travelers in Western Visayas.

Quantifiable outcome

• Eastwood Richmonde Hotel entering 12th year of operations demonstrating brand longevity
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Megaworld Hotels and ResortsflagshipStrategic or Co-development PartnerRichmonde Hotels is managed by Prestige Hotels & Resorts, Inc., an affiliate company of Megaworld Corporation. The brand is a member of Megaworld Hotels, a subsidiary of Megaworld Corporation. Properties are strategically located within Megaworld township developments including Eastwood City and Iloilo Business Park.

Scale indicators4 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• Discovery Suites Ortigas: Mid-scale all-suite hotel located directly in Ortigas Center, Pasig City — competing head-to-head with Richmonde Hotel Ortigas for corporate stays in the same business district at a similar price point.
• Hotel 101 (MNG Hotels): Filipino hotel brand operating multiple properties in Manila and key provincial destinations (Boracay, Cebu, Palawan). Comparable mid-scale positioning targeting domestic business and leisure travelers.
• Crimson Hotel (Filinvest): Filipino-owned full-service hotel brand under Filinvest, with properties in Alabang and other Philippine business districts. Comparable homegrown positioning, mid-scale to upscale tier, and corporate/leisure dual-segment focus.
• Seda Hotels: Filipino homegrown mid-scale hotel brand by Filinvest, operating multiple properties across the Philippines (Manila, Cebu, Davao, Palawan). Highly comparable as a domestically owned Filipino hotel chain targeting business and leisure travelers in a similar price tier to Richmonde.
• Ascott Bonifacio Global City: Serviced residence operator in the Philippines (Ascott/CapitaLand) targeting corporate executives on extended stays in Metro Manila business districts, overlapping with Richmonde's primary customer segment.
• Summit Hotels: Philippine-based hotel brand (Robinsons Hotels and Resorts) with multiple properties across Metro Manila and provincial cities. Directly comparable Filipino chain targeting business travelers in similar mid-scale tier.
• BSA Suites: Philippine mid-scale hotel and serviced residence chain with strong Metro Manila presence targeting corporate and BPO travelers in a similar price tier to Richmonde's business-district properties.

Broad incumbents

• Microtel by Wyndham: International limited-service hotel chain with multiple locations across the Philippines, offering similar mid-scale corporate and leisure accommodations under a globally recognized brand.
• Holiday Inn & Suites Manila: International full-service hotel in Ortigas Center directly competing with Richmonde Hotel Ortigas for corporate and group bookings, with the added advantage of IHG's global loyalty distribution.

Regional players

• Solaire Resort & Casino: Integrated luxury resort and casino in Parañaque, Metro Manila, operated by Bloomberry Resorts. Serves as a higher-tier benchmark in the Philippine hotel market and competes for premium business and leisure demand in Manila.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/prestige-hotels-&-resorts-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Richmonde Hotels