CA defers sale of Apo View Hotel

DAVAO CITY — It’s business as usual at the Apo View Hotel here.

This, after the Court of Appeals has deferred for 60 days the auction sale of the city’s landmark initially scheduled on Monday.

A local court earlier ordered the Apo View’s auction sale after Banco Filipino sued the hotel’s management, Pamintuan Enterprises Davao, for allegedly failing to pay a more than P300-million loan.

The hotel’s auction was originally set last Nov. 7 but the court granted the hotel management’s petition for a deferment supposedly to give them ample time to look for interested buyers.

Apo View is considered the oldest, wholly Filipino-owned hotel in the country. – Edith Regalado