Subic Bay Metropolitan Authority (SBMA) and Korean-owned Resom Resort Phils. (Resom) have entered into a lease development agreement that would pave the way for the construction of a world-class tourism resort complex worth P20 billion.
The first phase of the project involves the development of a prime waterfront property previously known as the mini-golf course with a gross area of two hectares and a buildable area of 6,000 sqm.
Resom is committed to invest P1.2 billion for the construction in this area of a luxury hotel with around 300 rooms, convention facilities, pool, spa, restaurants and other support facilities. This project is being targeted to be ready to serve the Asia-Pacific Economic Cooperation (APEC) conference in November 2015.
The second phase of the project will cover the development of the Resom City tourism complex involving several properties in the Naval Magazine area amounting to around 300 hectares.
This will include the construction of a world-class resort complex that will have hotels, condominiums, a theme park, luxury pool villas, casino and gaming operations, a waterpark and spa, health and wellness center, duty free shopping, and a championship golf course.
This phase involves an investment commitment of around P19 billion and is expected to take around 4 years to complete.
Resom Chairman Sang So Shin , the Subic Resom City project will be their centerpiece development project.
Resom presently owns and operates four world-class resorts namely, Ocean Castle, Resom Waterpark and Spa, and the Forest Villa resort all in Korea, and a championship golf course and resort in Weihai, China. Resom operates a time-share membership chain and certain of their facilities are open to the public as well.
During the contract signing, Shin said that he loves nature and that Resom always develops their resorts by keeping and preserving the environment as a main priority.
He said the natural beauty of the forests and waters in Subic are the main features that convinced him that Subic is the ideal choice for their centerpiece resort.
SBMA Chairman and Administrator Roberto V. Garcia said the world-class resort project would attract more local and international visitors to the Subic Bay Freeport and establish it firmly as one of the country’s major tourism destinations.
“This hopefully will contribute substantially to the country’s tourism campaign,” Garcia added. (SBMA/Carlo Lorenzo J. Datu-PIA 3)