THE Subic Bay Area is the latest destination in the Philippines to get an integrated resort, which will be completed in four years and developed to the tune of 20 billion pesos (US$462.3 million).
Subic Bay Metropolitan Authority (SBMA) signed an agreement with South Korea-owned Resom Resort Philippines for the development of the complex last week.
Under the agreement, the first phase of development will see the construction of a 300-room luxury hotel, convention facilities, a pool, spa, restaurants and other support facilities.
The plans are to complete the first phase in time for the Asia-Pacific Economic Cooperation conference in November 2015.
The second phase will include the construction of more hotels, condominiums, a theme park, luxury pool villas, a casino and gaming operations, a water park, spa, health and wellness centre, duty-free shopping facilities and a championship golf course.
SBMA chairman and administrator, Roberto V Garcia, said the new project would be a great tourist attraction that would draw millions more local and international visitors to the Subic Bay Freeport and establish it as one of the country’s major tourism destinations.
“This hopefully will contribute substantially to the country’s tourism campaign,” he added.
Resom owns and operates four world-class resorts in South Korea, namely Ocean Castle, Resom Waterpark and Spa, and the Forest Villa Resort, as well as a championship golf course and resort in Weihai, China.
