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SBMA chairman and administrator Roberto Garcia and Resom Phils. chairman Sang So Shin sign an agreement for the construction of a P20-billion resort complex in the Subic Bay Freeport. SUBIC BAY FREEPORT, Philippines – The Subic Bay Metropolitan Authority (SBMA) has signed a contract with Korean-owned Resom Resort Phils. (Resom) for the development in the Freeport of a P20-billion world-class tourism resort complex. In a simple ceremony held last June 13 at the Freeport, SBMA chairman and administrator Roberto V. Garcia and Resom chairman Sang So Shin signed lease development agreements that would pave the way for the construction of the landmark tourism project. The first phase of the project involves the development of a prime waterfront property previously known as the mini-golf course with a gross area of two hectares and a buildable area of 6,000 sqm.  Resom is committed to invest P1.2 billion for the construction of a luxury hotel with around 300 rooms, convention facilities, pool, spa, restaurants and other support facilities.  The project is being targeted to be ready to serve the Asia-Pacific Economic Cooperation (APEC) conference in November 2015. The second phase of the project would cover the development of the Resom City tourism complex involving several properties in the Naval Magazine area covering around 300 hectares.   Business ( Article MRec ), pagematch: 1, sectionmatch: 1 This would include the construction of a world-class resort complex that would have hotels, condominiums, a theme park, luxury pool villas, casino and gaming operations, a waterpark and spa, health Read More …