LEGAZPI CITY—A tourist-oriented realty firm based here is developing a beachfront property in Donsol, Sorsogon, where a world-class resort hotel would rise to boost the tourism industry in the area known as the “Whale Shark Capital of the World.”

Misibis Lands  Inc. (MLI),  the would-be developer, is now arranging the acquisition of the property and financing for the project to the tune of P500 million to be sourced largely from internal capitalization and bank loans, its chairman of the board and chief executive officer Elizalde Co said.

MLI, a prominent property developer that is among the Sunwest Group of Companies (SGC) based here and owned by the Co family, is also owner of Hotel Venezia, a luxurious boutique hotel that lies within Renaissance Garden, a posh residential property at the heart of this city.

It is also the developer of Discovery Bay Misibis (DBM) and Misibis Residential Estate and Spa (MRES) within a 40-hectare island property on Cagraray Island in Bacacay town in Albay, both world-class tourist destinations overlooking Albay Gulf whose grand opening is slated before the end of this year.

 Discovery Bay Misibis is a P1.6-billion luxury resort on a vast beachfront property placed under the administration of HSAI Raintree, a reputable hospitality-management firm behind several well-known tourist facilities in the country like Discovery Suites and Country Suites in Tagaytay City and Discovery Shores in Boracay.

It will be composed of 38 luxury villas and 100-room, three-story resort units within the 5-hectare property that is more luxurious than the Discovery Shores in Boracay.  --D.  Calleja

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World-class resort hotel to rise in ‘whale shark capital’

LEGAZPI CITY—A tourist-oriented realty firm based here is developing a beachfront property in Donsol, Sorsogon, where a world-class resort hotel would rise to boost the tourism industry in the area known as the “Whale Shark Capital of the World.”

Past Mindanao devt plan seen to have stunted food sufficiency

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RP envoy urges Unctad to back developing countries facing world food crisis

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