The Bases Conversion and Development Authority (BCDA) and John Hay Management Corp. (JHMC) recently signed a contract of lease with Baguio Mountainscapes Inc. (BMI), a subsidiary of Filinvest Development Corp. (FDC), for a 730-square meter property within Camp John Hay, Baguio City.
The property was leased out to BMI to be developed into a modern American all-day breakfast restaurant that features classic American favorites with Cordilleran twists.
This project marks the second partnership between BCDA, JMHC, and FDC within Camp John Hay’s grounds, succeeding the currently-being-constructed Grafik Pine House Baguio.
BCDA President and Chief Executive Officer (CEO) Joshua M. Bingcang, who was in attendance as a witness, expressed how this partnership symbolizes the future of Camp John Hay.
PCEO Bingcang stated, “Filinvest Development Corp. has a vision for what to do with the BCDA property.” Additionally, he sees this as an opportunity to aid in elevating Camp John Hay’s status as an investment destination.
During the signing, JHMC President and CEO Marlo Ignacio V. Quadra also shared his excitement for the collaboration.
“This partnership marks a new beginning for us—a new chapter for us. It is more than just a lease agreement, it is a partnership that reflects our shared vision of growth and innovation,” PCEO Quadra said.
The prime property will be utilized as a new restaurant, the Hay Diner, designed to encapsulate Baguio’s rich heritage while also adding modern sustainable touches.
According to BMI President and CEO Francis Nathaniel Gotianun, the restaurant is aimed at “enhancing the hospitality and culinary landscape of the iconic destination.”
“We are grateful for the support of BCDA and the John Hay Management Corp. Together, we will reinvigorate the local tourism industry,” he added.
