Wyndham Group eyes first 5-star hotel in Subic Freeport

Wyndham Hotel Group, one of the biggest hotel chains in the world, will be establishing a five-star hotel here, committing P5 billion for a leisure complex near Subic’s popular seafront event Boardwalk Park.

SBMA Chairman and Administrator Wilma T. Eisma said this marks the first time that a five-star hotel will be set up in Subic, 26 years after the former military base was converted into a special economic and free port zone.

She said the Wyndham Group is set to construct, develop, manage and operate the Citic Hotels and Leisures Corp. here, taking a 10,517-square meter seafront location at Subic’s Central Business District.

“I am sure that this branded hotel project will raise the bar for the Subic Bay Freeport and put it among the best tourist destinations in the Southeast Asian region,” Eisma added.

Wyndham Hotel, which is reputed to be the world's largest and most diverse hotel company, has approximately 8,000 hotels with more than 600,000 rooms in 66 countries under 15 hotel brands.

In the Philippines, the hotel group operates the Days Hotel and Microtel chains across the country, as well as the Ramada and TRYP hotels in Manila.

According to SBMA Deputy Administrator for Business and Investment Kenneth Rementilla, Wyndham has committed P5 billion to build a 14-storey five-star hotel with from 300 to 400 rooms within three years.

The hotel building would house restaurants, entertainment, leisure and events management facilities, including ballroom and convention hall.

The hotel will be built in a 6,310-sqm area within the 10,517-sqm open space opposite Subic’s Boardwalk Park and Event Center.

Apart from this, the proponent has also committed to develop a 4,207-sqm area for the operation of a Subic-Manila ferry service in another open space to be developed for public use.

The firm also pledged to develop an amphitheatre and a public park with commercial stalls in the next two years.

According to SBMA figures, hotel occupancy rate in the Subic Bay Freeport Zone increased by two percent to 67.24% in 2017 compared to 65.83% in 2016.

The SBMA Tourism Department attributed the growth to increased tourist arrivals from the rising number of conferences and sporting events being held in Subic. (RFD/MPD-SBMA)

PHOTO:

Citic President Chi Jian Li and SBMA Chairman and Administrator Wilma T. Eisma sign a contract for the construction of a 5-star hotel in the Subic Bay Freeport. Witnessing the signing are (from left): Citic staff Atty. Edward S. Ong, Edmond Lee, Ma. Agnes Marixie San Diego, SBMA Deputy Administrator for Business Kenneth Rementilla, and SBMA Chief of Staff Vicente Evidente.(AMD/MPD-SBMA)

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Subic 1st sem investment pledges hit P2.85 billion

The Subic Bay Metropolitan Authority (SBMA) approved 45 new investment projects worth a total of P2.85 billion from January to June this year, bringing the cumulative investment commitments here to P499.6 billion.

SBMA Chairman and Administrator Wilma T. Eisma said the total investment pledges in the first semester of 2018 was 290 percent higher than the P731 million generated in the same period last year.

The first semester projects are also expected to generate 2,439 new jobs in the Subic Bay Freeport Zone, she added.

“This is a significant harvest of business commitments and opportunities for Subic, and it only goes to show that this free port remains to be one of the strongest economic drivers in the country today,” Eisma said.

“It also goes to show that businesses continue to grow in Subic, because 13 business locators here have proposed expansion projects in the first 6 months,” she added.

The expansion projects are worth a total of P276 million and are projected to generate 286 new jobs.

According to Kenneth Rementilla, SBMA deputy administrator for business and investment, the biggest investment commitment the SBMA signed up in the first semester was made by Citic Hotels and Leisures Corporation, a brand that carries the world-renowned five-star hotel chain Wyndham Hotel.

The Citic proposal was worth P1.34 billion and will generate 2,000 new jobs.

The second biggest new project was proposed by Air Juan Aviation for the operation of air transportation services and charter passenger flights to various points in the country. The firm will invest P671.47 million and hire 10 workers.

GGG Technology Inc., meanwhile, proposed a P200-million project that will involve an initial workforce of 110 to engage in manufacturing, assembly and refurbishing of high-technology consumer electronics.

The fourth largest project was that of First Aviation Academy Inc., an operator of aviation-related training and skills assessment center. It will offer various aviation-related courses to airline and non-airline employees and individuals, infuse P156.6 million into the business, and hire 28 workers.

The fifth biggest proposal came from Vortex Oil and Gas Solutions Corp., which will operate an office for the import and export, trading, selling and distribution of petroleum products with a committed investment of P100 million and a workforce of five employees.

Chairman Eisma said the Subic agency hopes to create more business opportunities here, as it arranges cooperation programs with neighboring communities to host additional investment projects.

As of June this year, the Subic Bay Freeport Zone hosts a total of 1,596 business locators that employ a total workforce of 133,940. (RFD/MPD-SBMA)

PHOTOS:

[1] SBMA Chairman and Administrator Wilma T. Eisma signs a memorandum of agreement with China National Heavy Machinery Corp. (CNHMC) Chairman and President Xiao Ping (2nd, left), CNHMC Vice President Zhang Fei, and Hermosa, Bataan Mayor Jopet Inton (right) for the development of a techno-industrial facility at the Subic Bay Freeport. (AMD/MPD-SBMA)

[2] Citic President Chi Jian Li and SBMA Chairman and Administrator Wilma T. Eisma sign an investment contract for the development of a 5-star hotel in the Subic Bay Freeport. (AMD/MPD-SBMA)

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