Filinvest Hospitality breaks ground for Php1B project in Baguio City
Filinvest Hospitality Corporation (FHC) broke ground on a PHP 1 billion (USD 19 Million) hotel investment in Baguio. The hotel is located on a 5,700 sqm leased plot inside Camp John Hay.
The 25-year lease agreement is with Bases Conversion and Development Authority (BCDA) and John Hay Management Corporation (JHMC).
The full-service hotel will feature 240 keys amidst open spaces and natural landscaping, three outlets, a spa, and meeting facilities. The hotel is slated to be completed by the 4th quarter of 2024 and will be operated by the FHC affiliate Chroma Hospitality (CHI) under the Grafik Hotels and Resorts brand.
Grafik Baguio will be sustainable development and built according to global best practices in line with the EDGE Green Building Program of the International Finance Corp (IFC).
Francis Gotianun, Sr Vice President of Filinvest Hospitality Corp, shared, “Filinvest is thrilled to announce this new hotel in Baguio. This is our vote of confidence that tourism will come back better than ever. We are thankful to our partners at BCDA, JHMC, and IFC for being part of our journey in creating a world-class, sustainable hotel in Baguio City. This is important for us as it will fortify our presence in Northern Luzon, both as a hospitality provider and a contributor to the local economy.”
“Today’s groundbreaking event is a significant step towards cementing sustainability as a key priority for the hospitality sector and making economic recovery more inclusive. If we build on this momentum, we can set the stage for an industry-wide transformation. We at the BCDA look forward to the exciting ideas and partnerships that will be born from this milestone development,” adds BCDA Executive Vice President and Chief Operating Officer Aileen Zosa.
About Filinvest Hospitality Corp
Filinvest Hospitality, Corp. is a premier Filipino hotel ownership and management company, a subsidiary of Filinvest Development Corporation (FDC) that caters to various segments of hospitality sector through luxury and mid-budget hotels and lifestyle brands. FHC is at the forefront of delivering valuable, unique, and meaningful experiences to guests, shareholders, employees, partners, and local communities.
About Chroma Hospitality
Chroma Hospitality, Inc. is a young, forward-thinking company crafting bold, innovative hospitality brands. Owned by Filinvest Hospitality Corporation, Chroma Hospitality Inc. is the management company behind Crimson Hotel Filinvest City, Manila, Crimson Resort & Spa Mactan, Crimson Resort & Spa, Boracay, Quest Hotel and Conference Center Cebu, Quest Plus and Conference Center, Clark and Quest Hotel, Tagaytay. For more information, please visit http://chromahospitality.com/.