Camp John Hay locators are renewing their contracts with Camp John Hay Management Corp. (JHMC), the first of which is Stern Real Estate and Development Corporation, operator of Le Monet Hotel and Filling Station food court inside the special economic zone in Baguio City.
The renewal of contract with locators followed after the Supreme Court upheld its earlier decision to allow the Bases Conversion and Development Authority (BCDA) to recover the 247-hectare property in the John Hay Special Economic Zone from CJH Development Corp. (CJH DevCo).
In a statement, BCDA said that its subsidiary has JHMC renewed a partnership with Stern, one of the longest-standing locators in Camp John Hay, on Dec. 17. The renewed partnership is part of BCDA’s commitment of business continuity within Camp John Hay.
Stern, known for its flagship Le Monet Hotel and the unique Filling Station food court, has been a cornerstone in the ecozone’s eco-tourism and hospitality sector.
“We want to assure all our partners here inside the Camp John Hay that they have nothing to fear, their condition will improve even more when they partner with BCDA and that is what we are assuring with our first partner now – Le Monet Hotel,” said BCDA President and Chief Executive Officer Engr. Joshua M. Bingcang.
Engr. Bingcang noted that the Le Monet Hotel and Filling Station are not only a vital component of Camp John Hay’s economic landscape, but also a symbol of the kind of innovative development that BCDA hopes to see in the years ahead.
“More than anything else, this signing is part of BCDA’s promise of business continuity in John Hay. We will make every effort for a smooth transition and a harmonious business environment moving forward,” BCDA Chairperson Atty. Hilario B. Paredes said.
Under the partnership, Stern’s 2,000 square meter hotel and restaurant facility will continue to serve as prime destination for Camp John Hay visitors.
Stern has committed to upgrade and enhance its leased property within Camp John Hay to meet the standards outlined in the John Hay Special Economic Zone Comprehensive Master Plan. The development will strictly adhere to the design standards and guidelines to ensure consistency with the eco-tourism and commercial vision for the area.
The signing event was led by Engr. Bingcang and Stern Executive Vice President Eric Owen Singson, Jr. The event marked as the beginning of more partnerships with other Camp John Hay locators.
