By Othel V. Campos | Posted on Jun. 17, 2013 at 12:00am
[ manilastandardtoday.com ]
The Authority of the Freeport in Bataan is considering a proposal from LKY Development Corp. to lease, redevelop, operate and manage existing tourism facilities within the free port area of the province for the next 25 years.
LKY committed to put up an initial investment of P300 million for the redevelopment of about 4.9 hectares of tourism facilities within the Freeport.
The redevelopment will include the restoration and refurbishment of the 4-story Hilltop Hotel, golf course, shopping center, auditorium and other amenities.
The free port agency has invited interested parties to submit competitive proposals to ensure the best offer.
Prospective participants must have a track record in the development, operations and management of at least a three-star hotel facility with at least 100 rooms for a minimum of one year.
LKY will be given the right to match the most competitive offer during the selection process.
The agency will hold a pre-bidding conference on June 24 at the AIM Conference Center in Manila. It added it had the right to accept or reject any bid prior to the contract award.