A new consortium has been granted by the Bases Conversion and Development Authority and its subsidiary, John Hay Management Corp., a 25-year term lease agreement over a 5,700-square meter property at Camp John Hay.
In a statement, the Filinvest Consortium led by Filinvest Hospitality Corp. (FHC), a wholly-owned subsidiary of Filinvest Development Corp. said the lease agreement will allow FHC to develop a new hotel with more than 200 rooms and strengthen its presence in northern Luzon.
The new property will be the first dual brand facility under the Grafik and Quest brands and will be managed by Chroma Hospitality, Inc.
“We thank BCDA and JMHC for trusting Filinvest. Baguio City has always been one of the company’s top priorities. This unique opportunity will allow us to develop a full-service hotel in CJH, one of the most prime locations in Baguio,” said FHC Senior Vice President Francis Gotianun.
Gotianum has signed the lease agreement with BCDA President and CEO Vince Dizon, JHMC President and CEO Allan Garcia in Taguig City on Dec. 9.
“This year may be challenging, but we continue to look ahead and see a bright future. The hotel will be ready to welcome guests in three to four years in line with the full recovery of the tourism sector. As early as now since the loosening of the lockdown and implementation of more efficient health and safety protocols, we are beginning to see signs of that recovery,” Gotianun said.
He added the company believes Baguio will remain a top tourist and business destination due to its unique climate, culture, tourist attractions, and accessibility.
Travel time has already been significantly cut with the completion of the Tarlac-Pangasinan Expressway and will be further reduced once various infrastructure projects are completed.
“FHC commits to support the recovery and growth of tourism in Baguio through its investment in world-class hospitality developments. We look forward to being part of the Baguio community,” Gotianun added – Harley F. Palangchao