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whenthefirestartstoburn
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Imperial Palace Waterpark Resort & Spa





Korean firm to invest P3B on resort in Lapu
By Malou M. Mozo


A well-known hotel chain in Korea will be building a P3-billion five star resort in Lapu-Lapu City.

Proponents of the Imperial Palace Waterpark Resort and Spa held the groundbreaking ceremonies of the project on a 7.5-hectare in Barangay Maribago, in Lapu-Lapu City last Friday.

Construction will begin immediately as the resort is scheduled to open in 2009.

The water park and resort, which will be designed by TPJavier Architects and Associates, is “the biggest Korean investment in hotel development in the country,” says Tourism Secretary Joseph Ace Durano.

Jong Hwan Park, chairman of the Philippine BXT Corporation, conceptualized the project.

Vacation

“He went on a vacation here for four days and stayed in a Mactan hotel. He decided to stay a little longer than expected pero kulang ang accommodation,” explained project consultant Jefferson Lim.

Park saw the shortage of accommodations, especially in Mactan, and found it to be an opportunity for investment.

Durano said there is an increased demand for beach resort as a type of accommodation “because it is what we are short of.”

He said the construction of Imperial Palace Hotel will help solve the shortage of rooms in the province.

“It is a virtuous cycle. By increasing investment volume, we are increasing employment and business opportunities,” he said.

Since the waterpark resort will be marketed in Korea, Durano is sure of a further influx of Korean tourists in the next few years.
With this, he also encouraged existing hotels to upgrade their services and facilities.

Philippine BXT Corp., owned and operated by Korean stakeholders, tapped the services of Imperial Palace Hotel in Seoul to run and manage the resort.

Known to be one of Korea’s finest hotel chains, Imperial Palace Hotel has been recognized for its excellence in providing world-class luxury hotels. This will be their first venture in the Philippines.

“They are also looking into developing a 110-hectare golf court resort and retirement village in Cordova as an added facility,” said Lim.

Why Cebu?

Lim did not elaborate on the Cordova project, however.

The Korean firm decided to implement the project in Cebu because of “the mild temperature…a sea condition (with) which various sea sports can be enjoyed, easy access to big tourist markets, the use of English as a common language and inexpensive prices,” read a statement of Imperial Palace’s Shin Chul Ho.

The world class resort will have 616 rooms in six medium and three low-rise buildings. There will also be 40 single-units complete with amenities.

“The waterpark won’t just be a swimming pool, it will be a milestone in the water entertainment business, and Imperial Palace Waterpark Resort will become a hotel with a true imperial scent” Chul Ho’s statement read.​

 

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construction in full blast



very near the shang/hilton cluster

 

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Certified Cebuano
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^^ amazing.. construction's at a blazing speed. :)
 

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this baby is HHUUUUGGGEEEE! it looks bigger than the shang
 

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Banned
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yah it is... imagine 6 buildins with 16-storeys each... a huge one!
 
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