MANILA, Philippines - The Subic Bay Metropolitan Authority (SBMA) recently signed a contract with Korean-owned Resom Resort Phils. for the development of a world-class resort complex here worth P20 billion.
The first phase of the project, which involves the construction of a prime waterfront property with a luxury hotel that has around 300 rooms and convention facilities, is being eyed to be completed in time for the Asia-Pacific Economic Cooperation (APEC) summit in 2015, which the Philippines is hosting.
In a ceremony, SBMA chairman and administrator Roberto Garcia and Resom chairman Sang So Shin signed lease development agreements that would pave the way for the construction of the landmark tourism project.
The second phase will be the development of the Resom City tourism complex which would include a world-class resort complex that will have condominiums, a theme park, luxury pool villas, casino and gaming operations, a water park and spa, health and wellness center, and a golf course.
According to Shin, the Subic Resom City project will be their centerpiece development.
Shin said Subic’s natural beauty convinced him that this is the ideal place for their centerpiece resort.
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.
Garcia, for his part, said he is hopeful that the project would attract more tourists to the Subic Bay Freeport and establish it as one of the country’s major tourism destinations.
“Hopefully this project will contribute substantially to the country’s tourism campaign,†Garcia added.