P500M Le Monet expansion to create 100 more jobs in Camp John Hay
In Photo: (From L-R) Stern Legal Counsel Atty. Edsel C. Abella, Stern Executive Vice President Eric Owen G. Singson Jr., BCDA President and CEO Engr. Joshua M. Bingcang, John Hay Management Corporation (JHMC) President and CEO, Manjit T. Singh Reandi, and BCDA Officer-in-Charge Senior Vice President for Conversion and Development Engr. Mark P. Torres. BCDA photo
A Php500-million investment is set to flow into Camp John Hay, following the signing of a 25-year lease agreement between the Bases Conversion and Development Authority (BCDA) and Stern Real Estate and Development Corporation, the developer of Le Monet Hotel. The expansion is expected to create around 100 new jobs and strengthen the tourism and hospitality industry in Baguio City.
The lease covers an additional 1,500-square-meter commercial lot adjacent to the existing Le Monet Hotel along Ordonio Drive within the John Hay Special Economic Zone. The agreement enables the expansion of Le Monet Hotel’s hospitality facilities as part of the continued redevelopment of Camp John Hay.
Stern will add at least 70 new hotel rooms, nearly doubling Le Monet Hotel’s current capacity and positioning the property toward a 4- to 5-star classification, while supporting increased visitor activity in the estate.
BCDA President and CEO Engr. Joshua M. Bingcang said the expansion reflects sustained private sector confidence in Camp John Hay.
“We are happy that Stern is pursuing more partnerships with BCDA, particularly in Camp John Hay. BCDA and JHMC are excited to share the master plan with potential investors and developers on the type of partnerships we will have inside Camp John Hay,” Engr. Bingcang said. “This project is very much aligned with what we want to do, introducing more activities and experiences for both local and foreign guests.”
Stern Executive Vice President Eric Owen G. Singson Jr. said the expansion underscores the company’s long-term commitment to Camp John Hay and the whole of Baguio.
“This expansion is not merely about rooms or walls. It is about reviving the senses and strengthening tourism, creating livelihood, and delivering Filipino hospitality to both the global traveler and Filipino family,” Singson said.
Stern, which is known for its flagship Le Monet Hotel and the unique Filling Station food court, is one of BCDA’s longest-standing locators in Camp John Hay. The private developer has committed to upgrading and enhancing its leased properties 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 area’s eco-tourism and commercial vision. #
