Korean developer to build new hotel in Subic

Subic Bay Freeport Zone -- The upsurge of Korean tour junkets to the Philippines has prompted Korean firm MGfnd Subic Inc. to embark on the construction of a P495 million condominium type hotel, dubbed as MG Dream Village to be situated at 2.5 hectare lot along premiter road inside the Subic Bay Industrial Park.

The village will comprise of 150 room hotel along with amenities like that of health and wellness spa, a golf driving range, a 25-meter swimming pool, gift shops, medical clinics, and a fusion restaurant-bar. It will be operational by November of 2007.

Chang Young Ryu, chairman of MGfnd Inc., said that this venture will cater to the growing Korean tour junkets visiting the Philippines particularly Subic Bay Freepost, as well as tour groups from the United States of America, Japan and other foreign countries. (By Recto Mangosing Adamos - PIA Zambales)