Home Business P12-B luxury mountain resort soon to rise at NCC

P12-B luxury mountain resort soon to rise at NCC

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(Rendered perspective of the mountain resort)

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 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 between Dae Sik Han, president-CEO of Hann Development Corp., a member of the Widus Consortium, and BCDA president-CEO Vince B. Dizon.

Terms of the agreement and development plan for the multi-billion 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, the groundbreaking of Widus Tower Four with a total floor area of 20,000 sqm in the $500-million luxury integrated resort was held.

“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.

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