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Thursday, June 14, 2012

Project Review : Ground Breaking of Thunderbird Condotel at Thunderbird Resort, Poro Point, La Union

The Thunderbird Resort at Poro Point had the groundbreaking ceremony last April, 29, 2012 for the Thunderbird Condotel portion of the resort. This starts the construction of the 51-unit Thunderbird Condotel which is part of the resort expansion development. The condotel units  will be sold to private investors (Note: a lot of the units are already sold), but these investors can have the opportunity to enroll the units they purchased as part of the condotel rental program. In this program, their units will be rented out as part of the hotel rented accommodations. And in return, they will be earning income, while they are not using their units.

Click photos to enlarge
Master plan of Thunderbird Resort development
Thunderbird Condotel at Thunderbird Resort (enclosed with  yellow line is the condotel portion) 
Groundbreaking of Thunderbird Condotel

Below is an excerpt from a Manila Bulletin article on the event :

Last April 29, 2012  was the groundbreaking ceremony of TRPP’s three-storey Thunderbird Condotel. Thunderbird is set to build 51 additional rooms in the Condotel, to add to the existing 41 rooms at TRPP, with a total investmentof R200 million for the expansion project. To date, TRPP has pumped in a total of R1.2-B investments in the country since it started five years ago.
The  April 29 groundbreaking had the following key officials (see photo) in attendance: (from left) Wilson Tieng, corporate partner of Thunderbird Resorts; Felicito Payumo, BCDA chairman; Fausto Liriano, TRPP operations director for construction; David Chong, TRPP project manager for real estate; Shaun Thomsen, Thunderbird Resorts chief gaming officer; Arnel Casanova, BCDA president and CEO; Florante Gerdan, PPMC president and CEO; and Yves Remondeulaz, TRPP hotel general manager.

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