Earlier, both Landco and Roxaco invested equal shares in FilBarcelo as part of their strategic thrust to enter the hospitality/tourism service industry. FilBarcelo is the Philippine licensee of Barcelo Hotels and Resorts. Based in Palma Majorca, Spain, Barcelo Hotels and Resorts owns and manages hotels in Europe, USA, Africa, and Latin America with the Philippines as their maiden venture into Asia.
Club Punta Fuego is an exclusive membership club with facilities in both Peninsula de Punta Fuego and Terrazas de Punta Fuego. With FilBarcelo’s entry, the partners assure themselves of assimilating the appropriate technology and skills required to profitably operate hotel and resort properties along international standards.
"We have been looking for a partner who understands what Punta Fuego stands for and who has the capability to provide the level of service that our members and homeowners expect from us," said Pedro Roxas, Chairman of the Board, Club Punta Fuego, Inc.
"We have been impressed by the management capabilities of the Barcelo Group and we are confident that the Group will be able to penetrate the region with their brand of excellent service and quality standards," said Alfred Xerez-Burgos, Club Punta Fuego, Inc. president.
Fil Barcelo holds the Philippine and Asian trademarks to use the Barcelo quality standards in its hotel and resort operations including its advance reservation and property management systems, sales networks, promotions and manuals, policies and procedures.