Operating since 1999, The Richmonde Hotel is managed by Prestige Hotels and Resorts, Inc., which is the initial venture of Filipino-owned Megaworld Corporation into the hospitality industry. Founded 20 years ago by a group of incorporators headed by real estate mogul Andrew L. Tan, Megaworld is regarded as one of the Philippines’ leading urban developers concentrating on large-scale projects set in prime locations in Metro Manila which include high-rise residential and office buildings as well as “live-work-play” township developments geared primarily to the middle and high-income markets.

At present, Prestige Hotels & Resorts, Inc. and Megaworld Corporation are working on adding to its hotel and leisure portfolio with the construction of more hotels. Slated to open early 2010 is Eastwood Richmonde Hotel, a 138-room world-class hotel, located at the heart of the vibrant urban community that is Eastwood City in Libis, Quezon City.