Development Commitment | SubicNewsLink

Showing posts with label Development Commitment. Show all posts
Showing posts with label Development Commitment. Show all posts

03 April 2026

Best Western Plus Hotel Subic signs ₱600-M expansion

Best Western Plus Hotel Subic is the first internationally branded hotel in the Subic Bay Freeport Zone. It is a four-star property located on Dewey Avenue, providing easy access to major commercial hubs like Harbor Point Mall and SM City Olongapo.

 

Best Western Plus Hotel Subic has confirmed plans to expand its operations after signing the contract that will allow the construction of a new building beside the current hotel.

The expansion project was signed between the proponent, Subic Bay Metropolitan Authority (SBMA) and developer Simon & Stanley International Trading and Development Co. Inc.


SBMA Chairman and Administrator Eduardo Jose L. Aliño and Best Western Plus Hotel Subic Chairman and CEO Jaime “Jack” Uy led the contract signing for the expansion project at the Corporate Boardroom of the Administration Building on March 31, 2026.


Architect Jayson Steffen Uy, Vice-president for Facility and Construction of Savers Group Holdings Inc. (SGHI), shared that the new  building will consist of 120 additional hotel rooms, several commercial spaces, a three-floor parking area, restaurants, and parks.


SGHI is the exclusive developer for Best Western in the Philippines as the conglomerate that owns and manages Best Western Plus Hotel Subic.


Uy added that the new building will be an extension of Best Western with infused committed investment worth P587,967,200.00.


“With the current need for more spaces, function halls, and rooms, we decided to expand our operations in Subic,” Uy added.


The official stated that the design phase should be finished either this year or next year while the construction should be able to commence as early as the first quarter of 2027.


“As for employees, the company intends to source its manpower requirements locally,” he further said.


Meanwhile, SBMA Director Ted Del Rosario, Senior Deputy Administrator (SDA) Renato Lee III, SDA Ramon O. Agregado, and other agency officials were also present during the said contract signing ceremony.


Chairman Aliño welcomed the expansion project of Best Western Plus Hotel Subic, citing the growing need of hotels and establishments in Subic Bay Freeport. He added that aside from the company's committed investment, the agency also welcomes the job opportunities from the expansion project.


Best Western Plus Hotel Subic is the first internationally branded hotel in the Subic Bay Freeport Zone. It is a four-star property located on Dewey Avenue, providing easy access to major commercial hubs like Harbor Point Mall and SM City Olongapo. (MPD-SBMA) 

13 January 2026

SBMA retakes control of Grande Island due to lease violations

Grande Island in Subic Bay



The Subic Bay Metropolitan Authority (SBMA) has resumed possession of Grande Island after ending its lease agreement with GFTG Holdings Corporation.

SBMA officials said the move followed a decision by the authority’s board to terminate the contract after the company failed to fulfill agreed development commitments.

A pre-termination notice was issued earlier, giving the lessee a fixed period to vacate the property before enforcement measures were carried out.

The takeover was completed earlier this month after SBMA served a formal repossession notice and proceeded with implementation following the holiday period.

GFTG has since filed a request seeking the revival of its lease, which is now undergoing review by a board-level committee.

The island drew heightened public scrutiny last year after the arrest of several Chinese nationals accused of conducting unauthorized surveillance activities.

Investigators said the suspects allegedly used drones and electronic devices to gather images and data related to naval operations in Subic Bay.

Grande Island’s strategic location overlooking key maritime passages has since fueled security discussions, including proposals to place the area under tighter government control. (thechronicle.com)

14 March 2024

$300M convention resort, casino launched in Subic Freeport

Subic Bay Metropolitan Authority (SBMA) Chairman & Administrator Eduardo Jose L. Aliño (center) poses for a souvenir photo with other VIPs during the groundbreaking ceremony for the $300-M Subic Sun Convention Resort and Casino on Thursday morning.   SBMA Chairman is being flanked by SIHC Chairman Gil Miguel Puyat on the right and Olongapo City Mayor Rolen Paulino, Jr. on the left.


Subic Sun Convention Resort and Casino, Inc., a $300-million integrated complex was launched on Thursday to further boost the tourism industry here. 

According to Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose L. Aliño, Accor International Group is set to construct a world-class integrated leisure and convention center. 

 

“In a couple of years, the Ibis Styles and Mercure Hotels, which is affiliated with the Accor International Group, will be operating a world class integrated leisure and convention center in Subic Bay, which will be the very first integrated resort casino and hotel complex in the freeport,” Aliño said during the launch. 

 

A groundbreaking ceremony was held at the Subic International Hotel, Bravo Building Compound, which would soon become the Subic Sun Convention Resort and Casino Inc. 

 

According to Subic Sun Convention Resort and Casino Inc. Chairman and President Pablo Edgardo T. Puyat, “The operations are anticipated to begin in 2025, following the commencement of our $300 million investment commitment.”

 

“Both the Ibis Styles Subic and Mercure Subic are in the company’s economy and midscale segments, respectively. Ibis Styles Subic is set to open in 2026 and is the first internationally branded hotel in Subic,” he said. Ibis Styles Subic will offer 175 rooms and will feature amenities such as a swimming pool, meeting space, and a gym.

 

Ibis Styles is an economy hotel brand focused on in-style stays while the Mercure is a French midscale hotel brand, with both brands owned by ACCOR International Group. The Ibis Styles and Mercure Hotels are just part of the initial phase of the project.

 

Mercure Subic, also set to open in 2026, will offer 250 rooms and be the second internationally branded hotel in the area. It is located adjacent to Ibis Styles Subic. 

 

Puyat added, “A world-class integrated leisure and convention center will be constructed in progressive phases, encompassing a six-hectare property that will feature an integrated resort casino complex and five-star resort hotels.”

 

He said that aside from the convention center/ exhibition hall, the area will also have duty-free shops, dormitels, carpark, hotel and recreation center, Americana complex, Americana seaside clubhouse, American country club and the New Dragon Restaurant. 

 

Meanwhile, Chairman Aliño also remarked that with the additional facilities inside the Freeport, more tourists will now have hotels to stay in, since hotels inside Subic Bay Freeport are fully-booked even months before the start of the peak season. “It provides them with an alternative lodging inside the Freeport,” he added.

 

Accor is a French multinational hospitality company that owns, manages and franchises hotels, resorts and vacation properties. It is the largest hospitality company in Europe, and the sixth largest hospitality company worldwide.

 

Accor operates 5,584 locations in over 110 countries. Its total capacity is approximately 821,518 rooms (end 2023). It owns and operates brands in many segments of hospitality: Luxury (Raffles, Fairmont, Sofitel), premium (MGallery, Pullman, Swissôtel), midscale (Novotel, Mercure, Adagio), and economy (ibis, hotelF1). Accor also owns companies specialized in digital hospitality and event organization, such as onefinestay, D-Edge, ResDiary, John Paul, Potel & Chabot and Wojo.

 

The company is headquartered in Issy-les-Moulineaux, France, and is a constituent of the CAC Next 20 index on the Paris stock exchange. (MPD-SBMA)

06 December 2023

SBMA takes over aviation services company for failure to pay almost 20M dues

The Subic Bay Metropolitan Authority (SBMA) has taken over the facilities of Aviation Hub Asia, Inc., an aviation services company inside this premier Freeport, for failing to comply with the agency’s lease agreement.

According to SBMA Chairman and Administrator Jonathan D. Tan, the SBMA Board of Directors has approved Resolution No. 23-10-0296 that pre-terminates the lease agreement of Aviation Hub Asia on October 3, 2023.

SBMA Chairman and Administrator Jonathan D. Tan and other officials on Monday repossess the leased properties of Aviation Hub Asia, Inc., an aviation services company inside the premier Freeport, after incurring contractual defaults amounting to P20M and US$110 from the agency.


The issuance of the resolution from the Board came after the company failed to settle unpaid lease rentals, comply with development commitments, and the non-submission of Performance Bond.

The erring company has an outstanding obligation amounting to P19,122,335.97 and US$106.02 in unpaid lease rentals, penalty on performance bond, among others.

The company has continuously failed to comply with its development commitment and non-submission of Performance Bond within the period stated in the Notice of Default with Demand to Pay dated September 30, 2022. The SBMA pre-terminated and cancelled the company’s lease agreement and repossessed their properties.

The properties that the company leased included portions of a hangar area, office space, shed and open space located at Building 8066, Subic Bay International Airport (SBIA) Southwest Apron, Subic Bay Freeport Zone.

Tan said that the development commitment that the company failed to comply includes the renovation of five maintenance, repair and overhaul (MRO) hangars and offices, storeroom and pilot briefing rooms, two additional new aircraft hangars for refurbishment and MRO within three years from the signing of their lease agreement dated March 19, 2019.

SBMA served a notice of re-entry into, repossession and take-over of leased premises with demand to pay dated October 17, 2023 that was received on November 3, 2023. The notice took effect on Monday, some 30 days from the receipt of the notice.

This is in line with the SBMA Chairman's determination to clear out erring locators engaging in the practice of landbanking or failing to do good with their development commitment. 

With this action, Tan believes that new and honest investors will be in the offing. (MPD-SBMA)

18 August 2023

Erring company in Subic Freeport closed by SBMA

SBMA Chairman and Administrator Jonathan D Tan leads the closure and repossession of the Silver Arrow Import Export Services, Inc. on Wednesday due to contractual defaults made by the company.


Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Jonathan D. Tan led the repossession of a 1,500-square meter land area from an erring company as part of the agency’s thrust to regain areas for reutilization for other investors.

“We are repossessing leased areas of companies that do not comply with the agreement between them and the SBMA, and offer these areas to other investors,” Tan said.

The repossession of property transpired today at the Silver Arrow Import and Export Services, Inc. located at Lot 1, Boton Area, Argonaut Highway. The 1,500-sqm. land area of the company was repossessed due to contractual defaults.

According to Tan, the company failed to comply with its Investment and Development Commitment as provided in Section 7, Article II of the Lease Agreement between the company and the SBMA. Part of the said default is the failure of the company to develop the area with a funding allocation of at least US$1,000,000.

He added that the development commitment on the Leased Property should have a minimum cost of US$500,000 which includes the construction of a warehouse within two years from the issuance of its building permit.

“Aside from the Investment and Development Commitment, the company’s contractual default also includes non-compliance with the Omnibus Policy on Performance Bond, and failure to submit documents for the issuance of a building permit,” he said.

The said building permit is for the construction of a warehouse as stated under the company’s Development Commitment. Tan added that this is so despite the unreasonable length of time that had already lapsed since the execution of the lease agreement last July 28, 2015.

The SBMA had already served two notices before executing the repossession, with the Final Notice of Default with Demand to Pay dated June 19, 2023 that was served on June 26, 2023; and the Notice of Pre-termination and Repossession dated July 28, 2023.

“We are following President Ferdinand Marcos Jr.’s mandate to streamline operations within the Subic Bay Freeport Zone, and fully utilize land areas that are not being developed. But we are leaving space on the table for negotiations with the erring company so that they may continue with their operations efficiently,” Chairman Tan said.

The official said that this is the first of many repossessions that the SBMA will conduct as the agency clamps down on erring companies who have skimped on their obligations to the SBMA. (MPD-SBMA)

19 November 2021

Phase 1 completion of Subic’s Tipo eco-park eyed in 2022

The 209-hectare Tipo High-tech Eco Park, which is being developed is set for completion next year.

The first phase of the P15-billion Tipo High-tech Eco Park (THEP), a 209-hectare development in a newly-opened expansion area of the Subic Bay Freeport, is expected to be completed by next year as Subic ramps up facilities to boost the economy amid the waning Covid-19 pandemic.

Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Wilma T. Eisma said the 58.49-hectare Phase 1 area of the eco-friendly mixed-use project is now 57.81 percent completed, with Phase 2 and Phase 3 development also underway.

“This used to be an area for the SBMA’s social fencing program, wherein several families of upland farmers occupied grasslands in the Subic Bay Freeport Zone, planted them with crops and, in the process, helped prevent the incursion of illegal settlers,” Eisma pointed out.

“After this was designated as an expansion area for investments, the project developer had since compensated the upland farmers involved in the program to gain the right to develop the area. Now some of the farmers or their family members are employed in the development project,” she added.

Eisma inspected the industrial eco-park on Wednesday with SBMA directors Maria Cecilia Bitare, Rolando Ampunin, Benasing Macarambon Jr., and Brian Patrick Gordon.

“Phase 1 already has 13 warehousing units, of which nine are ready for occupancy,” Eisma said. “Xantheng Subic International Corp. (XSIC), which is the major proponent of the eco-park project, is now building nine more warehouses to complete the development by 2022,” she added.

As planned, the THEP will house light industrial factories, commercial facilities, residential buildings, and a nature park. The project is at a most strategic area in the Subic Bay Freeport Zone, as it is near an entry/exit point of the Subic Freeport Expressway (SFEX).


SBMA Chairman and Administrator Wilma T. Eisma inspects the ongoing development of the Tipo High-tech Eco Park with SBMA directors and officials of project developer Xantheng Subic International Corp. The development of the 209-hectare mixed used eco-park is set for completion next year.


XSIC President Simon Shu said that Phase 2, which is a 72.8-hectare industrial area, is already 11.79 percent developed, with a completion date of 2024, while Phase 3, which is a 68.87-hectare mixed-use area, is 2.92 percent developed and is set for completion in 2026.

Accordingly, Phase 2 already has two warehouse units with occupancy permit, while the developer is currently building four more units. Phase 3 is still in the preparation stage.

Shu said the company began developing the area in 2019 after it diversified into warehouse subleasing.

“We are dedicated to mixed-use development of zones consisting of industrial and technology parks, mixed-use commercial areas, as well as high-end residential and recreational zones,” he said.

He added that with Xantheng’s development and management unit, the firm will oversee and manage the park and offer value-added and professional services to locators.

Shu said that in the development stage alone, the XSIC has already hired more than 500 construction workers, including some upland farmers in the area, who were part of the social fencing project of the SBMA. The firm plans to hire more upon the start of THEP operations, he added.

According to the master plan submitted by THEP to SBMA, the development will include 101.47 hectares for light industries, 17.99 hectares for a commercial complex, 7.11 hectares for mixed use, 23.16 hectares for residential buildings, and 23.16 for a nature and environment conservation park.

There will also be a reserved area for utilities use and other purposes for a total development area of 209.27 hectares. (MPD-SBMA)

31 October 2019

SBMA takes back 240 hectares from Marine Park

The Subic Bay Metropolitan Authority (SBMA) took back more than 240 hectares of property that remained undeveloped despite being leased to a marine theme park company 12 years ago.

SBMA Chairman and Administrator Wilma Eisma said her men closed down three separate areas at the 505-hectare property of Subic Bay Marine Exploratorium Inc. (SBMEI) because of failure to honor its development commitment under a lease and management agreement. SBMEI is the operator of popular tourism facilities Ocean Adventure, Camayan Beach Resort and Adventure Beach Waterpark here.

Eisma said the takeover of the properties proceeded smoothly and without any untoward incident.

The 240 hectares of repossessed property were 92 hectares tagged as Area B, 97 hectares at Area C and 51 hectares at Area E, all located at the Ilanin Forest of Subic Bay Freeport.

Twenty-two former ammunition bunkers, warehouses and other US Navy-era structures connected by tar-paved roads, which are in various states of disrepair were found in the three properties, the SBMA said, adding these indicate that the government-owned properties were not maintained through the years by the lessor.

Eisma expressed gratitude to the SBMEI management for cooperating in the repossession despite it having filed a case against the SBMA on October 18 to thwart the implementation of the agency’s pre-termination order issued on September 27.

“I can only thank the SBMEI management for cooperating in the takeover, which proceeded smoothly and without any untoward incident,” Eisma said.

“We also welcome the filing by SBMEI of a case in court because this move brings us one step closer to the resolution of this problem. Whatever the final decision of the court will be, you can count on the SBMA to honor it,” she added. (Patrick Roxas, Manila Times)

https://www.manilatimes.net/2019/10/31/news/regions/sbma-takes-back-240-hectares-from-marine-park/652201/

19 October 2019

Taiwanese firm to develop P15-B techno-eco park in Subic Freeport

The first eco-friendly industrial park will be up soon in this free port to house light industrial factories, commercial facilities, residential buildings, and a nature park.

Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Wilma T. Eisma said the project to be called the Tipo Hightech Eco Park (THEP) will be located in a 200-hectare property atop the gently rolling hills of Tipo, which is also the site of an expressway leading to this free port.


Eisma said the development will be undertaken by Xantheng Subic International Corp., a Taiwanese company which committed an investment of P15 billion for the project. The firm is also behind the development of a high-end condominium complex at Triboa Bay here.

According to THEP Project Manager Jeff Lin, Xantheng Subic’s project will generate a workforce demand of over 500 during the development period alone. More employees will be hired when factories and business start operating, he added.


Meanwhile, the project is also expected to deliver to the SBMA some P5 million monthly in land rentals alone.

During the launch of the THEP project held at Peninsular Hotel here last week, Chairman Eisma elicited a promise from the investors to give priority hiring to qualified upland farmers of Tipo and Mabiga villages, who were part of a “social fencing” project of the SBMA which started in 2002. The 136.59 hectares they occupied under the SBMA program will be part of the THEP.

“I want you to promise me that when the factories and business are up, you will give priority to hiring these families or their children,” Eisma said, referring to the 65 families who were part of the social fencing program.

The SBMA official also thanked the farmers for their cooperation, and for allowing a very smooth and pleasant negotiation and turn-over.

Lin said the THEP was conceived to accommodate the growing population of Taiwanese investors in the Subic Bay Freeport. However, the management does not discount giving room for other nationalities, he said.

“The business atmosphere in here is very conducive and attractive, especially with the on-going road and infrastructure projects of the SBMA. Many Taiwanese companies and investors from other countries, too, are interested to locate here,” Lin said.

According to the master plan submitted by THEP to SBMA, the development will include 101.47 hectares for light industries, 17.99 hectares for a commercial complex, 7.11 hectares for mixed use, 23.16 hectares for residential buildings, and 23.16 for a nature and environment conservation park.

There will also be a reserved area for utilities use and other purposes for a total development area of 209.27 hectares.

Eisma also congratulated Xantheng for coming up with the idea of an industrial park which will incorporate environmental conservation.

Eisma said this will be a first of its kind to be implemented in the Subic Bay Freeport. (CAE/MPD-SBMA)

PHOTOS:

[2] THEP Project Manager Jeff Lin explains the benefits of the project during the launching of the Tipo Hightech Eco Park (THEP) on October 9.

[1] SBMA Chairman and Administrator Wilma T. Eisma asks investors to employ Subic upland farmers during the development of the Tipo Hightech Eco Park (THEP).

28 September 2019

SBMA to foreclose Ocean Adventure Park

The Subic Bay Metropolitan Authority (SBMA) is set to repossess the popular marine theme park Ocean Adventure and related facilities due to multiple contract violations and failure to fulfill development commitments.

SBMA Chairman and Administrator Wilma T. Eisma said the agency on Friday served a notice of pre-termination of contract to the Subic Bay Marine Exploratorium Inc. (SBMEI), which operates the marine theme park complex under a lease agreement signed in 2007.


Aside from its failure to comply with its lease contract, the SBMEI also committed violations like illegal subleasing of property, constructing without permits, improper storing of waste, and closing public roads.

The company also has arrears of about P25 million on their payment scheme, as well as P7 million on its current billing, SBMA records showed.

“This is actually sad news for us, because Ocean Adventure Park is the pioneer theme park in the Subic Freeport and is a hugely popular tourist destination. However, its multiple contract violations have been a long-festering problem that must be addressed now,” Eisma said.

She explained that the SBMA has notified SBMEI of its violations as early as July and assiduously provided guidance to cure the problems, but the company did not submit a satisfactory proposal to correct the violations.

“We wanted them to stay, of course, but there was not much concrete action from their side,” Eisma said. “So after months of negotiation and attempts to help SBMEI keep its lease, there is no longer any other recourse but to apply the law and pre-terminate the company’s lease agreement.”

The SBMA official also stressed that SBMEI’s failure to deliver its development commitments not only constituted violations of its contract, “but also prejudiced the SBMA’s financial interest because it curtailed the agency’s earning potential.”

She added that even as the SBMA was willing to reconsider SBMEI's decades-old breach of contract, the park operator along with two other locators came out with a story accusing the Subic agency of not adhering to “ease of doing business” law.

Eisma said that the news report only served as a further irritant between the parties, since the SBMA has already put in place various measures to further ease business in the Freeport, including putting up a one-stop shop for permits and extending the validity of the Certificate of Registration and Tax Exemption (CRTE) from one to three years.

“We’re firm but fair,” Eisma said. “We agree that the SBMA should adhere to the ‘ease of doing business’ law, but that doesn’t mean we’d relax our rules to the detriment of the government.”

Under the pre-termination order, the SBMA will repossess all of the SBMEI’s 493.16 hectares of undeveloped property upon the lapse of the 30-day reckoning period. Then it will give the SBMEI 24 months to slow down its activities at the 11.6-hectare developed area that includes the Ocean Adventure Park, the Camayan Beach, and the newly-opened Adventure Water Park.

“We’re giving them sufficient time to wind down their operations at the marine park, remove all their animals and movable property, and vacate the premises. We are also concerned about the disruption and stress this would cause to the animals, hence the two-year leeway,” Eisma said.

The Ocean Adventure Park started operations in 2000 under a contract that covered only the marine park. In 2007 the SBMEI entered into a new agreement for the lease of a total of 436.89 hectares of land, and 67.87 hectares of bay area with a commitment to develop 101.71 hectares for more tourism.

Eisma said the SBMA has already informed the Office of the President of its decision to foreclose the SBMEI, but added that the agency has not yet closed the door to renegotiation. (MPD/SBMA)