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CDL subsidiary Grand Plaza Hotel swings to nine-month loss after tax of PhP 66.54 million

By Public Technologies
  • Grand Plaza Hotel, a City Developments subsidiary, posted a PHP 66.54 million net loss for the nine months ended September 30, 2026.
  • The result reversed a PHP 24.86 million net profit a year earlier; revenue fell 15.8% to PHP 303.84 million.
  • Rental income declined by PHP 48.5 million following the casino tenant's early contract termination; operating expenses rose 7.3%.
  • Third-quarter net loss reached PHP 23.26 million, versus a PHP 52.48 million profit a year earlier; revenue dropped 33.7%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CDL - City Developments Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: VC2N9YC2V9X8OEAI) on November 06, 2026, and is solely responsible for the information contained therein.

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