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PIA Press Release

Another investor may be needed to develop Leyte hotel, guv says

Tacloban City (June 21) -- Leyte Governor Carlos Jericho L. Petilla said that the Provincial Government of Leyte may scout for another investor to develop the province-owned MacArthur Park Beach Resort. Governor Petilla made the comment during a Harampang Ha PIA media interview at the Gerry's Grill in Tacloban. The Governor expressed apprehension over the capability of the developer to beat the deadline which has been set for October this year, for the rehabilitation work on the province-owned MacArthur Park Beach Resort.

The P300-million rehabilitation of the MacArthur Park Beach Resort Hotel has been momentarily stalled, Governor Petilla disclosed.

The Singaporean-backed conglomerate LKY Property Holdings is saddled with other projects such as the rehabilitation of the Mayon Imperial Hotel in Legazpi City, Albay and another project in Camarines Sur, the governor added.

Governor Petilla said that if the work schedule has been followed, by this time there should already have been villas erected even as construction of the hotel's main building is started next month to end by September this year.

As it is, the governor expressed doubt that the developer has followed the construction schedule and that it could finish the project as stated in the agreement.

Failure by the developer to finish the job as agreed could be considered as breach of contract, he added.

Governor Petilla said the two parties, the Provincial Government of Leyte and the developer, may have to discuss again the terms of the 25-year contract to rehabilitate and turn the property into a world-class hotel.

Governor Petilla pointed out that the Province of Leyte was losing about P400 to P700 thousand per month subsidizing the operations of the MacArthur Park Beach Resort before. This same amount is what the Provincial government is saving in contracting the service of a private company to develop and manage the same, Governor Petilla added. (PIA 8) [top]

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