MANILA, Philippines – Filinvest Development Corp. (FDC) plans to build three more hotels in the 201.64 hectare Mimosa Leisure Estate in Clark, Pampanga, its top official said.
Early this year, FDC won the contract for the lease, development, and management of the former Mimosa Leisure Estate through a 50-year lease agreement.
“We will have about four hotels so we will add at least three more hotels,” FDC president Josephine Gotianun-Yap said in a recent interview.
The three will be added to the former Holiday Inn Mimosa, which FDC has renovated and rebranded into Quest Hotel. The hotel has roughly 330 rooms and 34 villas.
“We closed the (Holiday Inn) hotel for a couple of months because we renovated it. It’s open now. We opened two thirds of the rooms. By the end of the month, all the rooms will be fully opened,” Gotianun-Yap said.
With the three additional hotels including its Crimson Hotel brand, FDC hopes to have a total of 1,200 rooms in the Mimosa complex.
“If air traffic improves, we can put more hotels,” Gotianun-Yap said as she expressed hope more flights would be diverted to the Clark International Airport to decongest the Ninoy Aquino International Airport.
She said the company has already finalized the master plan for the Mimosa estate, which FDC would soon submit to the board of the Clark Development Corp.
Located in Clark Freeport Zone, the Mimosa estate also has a 36-hole golf course which FDC has reopened.
She said the estate would be developed through a joint venture corporation, with the consortium and CDC holding 95 percent and five percent, respectively.
The Filinvest group brings its expertise in large-scale real estate development to the table, as it has been responsible for the development of both the 244-hectare Filinvest City in Alabang, Muntinlupa and the 70-hectare City di Mare at the South Road Properties in Cebu City, both in joint venture with the government.
It ended 2015 with 1,062 hotel rooms and plans to exceed the 3,000-mark this year with the takeover of the Mimosa Leisure Estate.