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THE
Gatchalian-led Waterfront Philippines Inc. (WPI) won the
right to lease, develop, operate and manage the
215-hectare Mimosa Leisure Estate in Clark, Pampanga.
This was
confirmed by the publicly traded company in a disclosure
to the stock exchange Wednesday.
“The
board of the Clark Development Corp. (CDC), in its July
4 meeting, decided to issue the Notice of Award to WPI
for the lease, development, operation and management of
the former Mimosa Leisure Estate,” assistant corporate
secretary Arsenio Alfiler Jr. said.
The
BusinessMirror tried reaching WPI president Kenneth
Gatchalian but his staff said the group is not yet ready
to disclose details on the matter.
The
company, which operates a chain of Waterfront Hotels in
Cebu and Davao, as well as the Manila Pavilion Hotel on
UN Avenue in Manila, bested other local and foreign
bidders for the Mimosa Estate.
CDC has
to rebid the privatization of estate for the third time
after it nullified the winning bid of Korean firm NTM
Jin Hung for alleged failure to fully pay the required
amount stipulated in its bid contract.
The CDC
has set the minimum bid price of P1.4 billion for the
Mimosa Leisure Estate.
In 1998,
CDC took control of the management and operations of
Mimosa, after its former owner Jose Antonio Gonzales of
the Mondragon Leisure and Resorts Corp. failed to settle
its obligations with the government.
The
amount represents government claims in arrears of the
estate that has been managed by CDC’s Special Project on
Resort Operations after the state-owned firm took over
the estate in 1999.
Mimosa
Estate is composed of the 38-hole world-class golf
course, clubhouse, more than 200 Montevista villas
Holiday Inn, a casino operated by the Philippine
Amusement and Gaming Corp. and industrial laundry and
Veranda Restaurant. |
