State-run Bases Conversion and Development Authority (BCDA) and John Hay Management Corp. (JHMC) signed a partnership agreement with Stern Real Estate and Development Corporation, one of the longest-standing locators in Camp John Hay.
Stern, the operator of Le Monet Hotel and the Filling Station food court, has been a key player in the region’s eco-tourism and hospitality sectors.
“We want to assure all our partners here inside 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,” said BCDA president and chief executive Joshua Bingcang.
Bingcang said Le Monet Hotel and the Filling Station food court are integral to the economic landscape of Camp John Hay and represent the kind of innovative development BCDA envisions for the future.
“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 Hilario Paredes said.
Under the partnership, the 2,000-square-meter property will continue to serve as a key destination for leisure and dining in Baguio City.
Stern pledged to upgrade its leased properties within Camp John Hay, aligning them with the standards of the John Hay Special Economic Zone Comprehensive Master Plan.
The development will adhere to eco-tourism and commercial design guidelines to maintain consistency with the area’s long-term vision.
