(Widus Group signs a lease agreement with Bases Conversion Development Authority for the development of a luxury mountain resort in New Clark City (NCC). Under the agreement, Widus will lease 450 hectares of land within NCC for Hann Lux with an investment commitment of PhP12 billion. BCDA))
NEW CLARK CITY, Tarlac — Widus Group (Widus) signed a lease agreement with Bases Conversion and Development Authority (BCDA) for the development of a luxury mountain resort in New Clark City (NCC).
Under the agreement, Widus will lease 450 hectares of land within NCC with an investment commitment of PhP12 billion.
Hann Development Corporation President and CEO and Widus Consortium member Dae Sik Han expressed his optimism for this venture and hopes it will draw even more visitors to NCC.
“Clark is fast becoming one of the top destinations in Northern Luzon for both tourists and investors. We hope to attract more with the development of a new leisure resort in NCC, one that is in keeping with the vision of BCDA,” Han said.
“We’re fortunate to partner with the Widus Group for this new leisure attraction as they share with us the vision for NCC to be green, resilient, and sustainable. Part of the agreement is the use of nature and Filipino-inspired architecture for the luxury mountain resort to showcase local culture and tradition which the Hann Group is known for,” BCDA President and CEO Vivencio Dizon said.
Phase 1 of the leisure resort shall include the development of the Angsana Hotel and the Banyan Tree Hotel, an 18-hole championship golf course and a clubhouse. The development of the first phase with a total investment of PhP5 billion will be completed within five years.
Moreover, Phase 2 consists of the development of Westin and Luxury Collection by Marriott, two 18-hole championship golf courses, outdoor recreation facilities, premium villas and residences, a mixed-use commercial center and a 10-hectare public park with a total investment of PhP7 billion. – PIA 3