CLARK FREEPORT—A P12-billion luxury mountain resort will soon rise at the New Clark City (NCC) in Capas, Tarlac.
This developed as the Widus Group, owner and developer of Widus Hotel and Casino and the Clark Marriott Hotel here, is set to sign an agreement today (Friday) with the Bases Conversion and Development Authority (BCDA) to lease and develop a 450-hectare property at the NCC for the high-end project.
The signing of the agreement, set at the Clark Marriott Hotel here, will be led by Dae Sik Han, president and CEO of Hann Development Corp., a member of the Widus Consortium, and BCDA President and Chief Executive Officer Vivencio “Vince” B. Dizon.
Terms of the agreement and development plan for the multibillion-peso project will also be discussed after the signing ceremony.
Meanwhile, another hotel will soon be completed beside the Clark Marriott Hotel which sits on a 130,000-square-meter property here. In April last year, groundbreaking was held for Widus Tower Four, with a total floor area of 20,000 sq m, in the $500-million luxury integrated resort.
“We are not only building a new hotel, we are creating a new experience of luxury hospitality in the Widus Tower Four,” said Han during the ceremonies at the Widus Complex.
A total of $1 billion would have been invested into the luxury integrated resort upon completion of Widus Tower Four, including another $500-million investment slated for the development of a mixed-use commercial area at the newly acquired property located at the former duty-free complex here.