BAGUIO CITY — State-run Bases Conversion and Development Authority (BCDA) and John Hay Management Corp. (JHMC) renewed their partnership with Stern Real Estate and Development Corporation on Tuesday.

“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,” BCDA President and Chief Executive Officer Engr. Joshua M. Bingcang explained.

Mr. 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 their partnership, the property, which covers over 2,000 square meters, will continue to serve as prime destinations for both leisure and dining in Baguio City.

Stern has committed to upgrade and enhance 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 eco-tourism and commercial vision for the area.

The signing event was led by Mr. Bingcang and Stern Executive Vice-President Eric Owen Singson, Jr., marking the beginning of a promising partnership for Camp John Hay’s future growth. — Artemio A. Dumlao

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