BOI approves PhP500M Leyte Hotel project, seen to boost tourism in former Yolanda-stricken area
The Philippine Board of Investments (BOI) recently approved Robinson Land Corporation (RLC) Summit Hotel and Resorts Group’s Php500 million hotel facility in Tacloban City, Leyte. The project complied as a tourism project under the 2017 Investment Priorities Plan (IPP). The project is expected to further boost local tourism in the former Yolanda-stricken area.
Endorsed by the Department of Tourism (DOT) as a five-star hotel facility, Summit Hotel Tacloban is located within the Robinsons Place Complex in Tacloban City. The 138-room hotel has a floor area of around 9,000 square meters and will have a food & beverage outlet, outdoor swimming pool, grand ballroom and meeting rooms and other support facilities. Commercial operation will begin on April 2018 with 25 people manning the operation. It is the fifth Summit Hotel in the country and RLC’s 12th BOI-registered hotel project.
RLC is part of the Gokongwei-owned JG Summit Holdings, Inc., one of the top conglomerates in the country with diverse interests in real estate and hotels, food and beverages, air transportation, banking, petrochemicals and core investments in telecommunications and power distribution.
Trade Undersecretary and BOI Managing Head Ceferino Rodolfo welcomed the addition of yet another impactful investment project in the formerly Yolanda typhoon-stricken area saying “this will serve as a significant boost to the recovery efforts in the region, beefing up local tourism, further pushing economic growth, and providing more livelihood and employment opportunities to the people within the area.”
BOI has been implementing a number of initiatives to fast track the socio-economic rehabilitation and re-development of the areas devastated by super typhoon Yolanda back in 2013.
Already, the BOI approved a total of 81 projects worth PhP128.5 billion in areas highly affected by super typhoon Yolanda from November 2013 up to June 2017. These investments projects will generate 10,682 new jobs at full capacity.
Over half of these registered investment projects are energy and power projects, of which 27 are into renewable energy. The rest are shared by sectors of manufacturing, real estate, agriculture, forestry and fishing, and accommodation and food service.
This year alone witnessed a construction boom with twelve real-estate projects and nine renewable projects which are set to facilitate the social and economic development in the areas devastated by the super typhoon. (END)