Filinvest Hospitality Corp. (FHC) said it is spending P2.7 billion to build a 256-room hotel in Baguio City.
Filinvest Development Corp. (FDC) said in a stock exchange filing Wednesday FHC, its hospitality unit, recently topped-off Grafik Hotel Collection within Camp John Hay.
The Grafik Hotel Collection Baguio will offer 256 upscale accommodations, five food and beverage outlets, a grand ballroom, meeting spaces and a spa.
The hotel is slated to open in the first quarter of 2025.
“The Grafik Hotel Collection is poised to make a significant impact on the local economy. By creating numerous employment opportunities, we aim to engage and uplift the community,” said FHC first senior vice president Francis Gotianun.
“Our project will not only boost tourism but also foster a sense of pride and involvement among the residents of Baguio. We are committed to contributing to the city’s growth and prosperity,” he said.
The project is in partnership with state-run Bases Conversion and Development Authority (BCDA) and John Hay Management Corp. (JHMC).
“The BCDA welcomes the establishment of FHC’s new hotel, as this will enhance Camp John Hay’s position as a leading tourist haven and hub for leisure and business. This is an excellent addition to the world-class hotels lining up Camp John Hay, and we hope this entices more tourists to choose John Hay as their next destination,” BCDA president and chief executive Joshua Bingcang said.
The hotel will target both domestic and international travelers, support local businesses and contribute to the economic growth of Baguio City.
The project will generate about 3,000 jobs during its construction phase and will hire around 250 to 300 employees once it becomes operational.
“The Grafik Hotel is set to significantly boost the revenue for the John Hay Special Economic Zone by attracting a larger number of tourists. It will play a key role in job creation, balancing economic growth with environmental sustainability. I am confident that through our collective efforts, we can transform Camp John Hay into a model of sustainable tourism and community development, setting a precedent for others to follow,” said JHMC president and chief executive Marlo Ignacio Quadra.
