LKY positive to hit 
          December target for hotel opening
          
          By 
          
          Provincial 
          Media Relations Center
October 21, 2011
          
          TACLOBAN CITY  –  LKY 
          Property Holdings Inc. is positive they can hit the December 15 target 
          date to open the newly rehabilitated McArthur Park Beach Resort Hotel.
          
          LKY Property Holdings 
          Inc. President Wilbert Lee assured Leyte Governor Carlos Jericho 
          Petilla that the newly rehabilitated hotel will open in December as 
          rehabilitation is on the full run to finish all the facilities.
          
          Lee himself toured the 
          governor around the new facilities being constructed around the 4.9 
          hectare property of the former McArthur Park Beach Resort, just a day 
          before the historic 67th Leyte Gulf Landings Commemoration.
          
          It was learned that 
          the private investor LKY property pushed for a total renovation of the 
          property with all of the buildings and facilities of the previous 
          hotel tore down and new structures erected.
          
          A new and grander 
          lobby now sits in place adjacent to the hotel’s restaurant and spa 
          lounges. The hotel will also have an outdoor pool and fitness 
          facilities.
          
          A new building has 
          also been put in place that houses conference/ meeting rooms and a 
          ballroom with an estimated 1,000 sitting capacity conducive for big 
          events and national conferences.
          
          Gov. Petilla has 
          earlier commented that there is a need in the province and the region 
          for a bigger venue to host national conventions and other events that 
          caters to a bigger crowd.
          
          “We still lack that 
          kind of venue here. Our bigger facilities are gymnasiums, astrodomes 
          which are more conducive for sports events but not a facility that is 
          more suited to conferences, meetings and the likes,” Gov. Petilla 
          said.
          
          The same need has been 
          echoed by the Department of Tourism in the region.
          
          Initially, the LKY 
          McArthur Park Hotel will have 65 rooms with some of these being suites 
          with living room area, small kitchen and open balconies facing the 
          wide expanse of the Pacific Ocean and romantic sunrise settings.
          
          
          The hotel has less 
          number of rooms compared to the 116-rooms of the LKY Mayon Imperial 
          Hotel – a hotel in Legaspi City which underwent the same total 
          renovation by LKY Property Holdings Inc. However, the McArthur Park 
          hotel sits on a larger property and can still afford more area for 
          other facilities.  
          
          Renovation of the LKY 
          Mayon Imperial Hotel, which started a little before its McArthur Park 
          counterpart here in 2009, was only completed in June 2011.
          
          Already, LKY has 
          invested at least P150 million in McArthur Hotel’s renovation. This, 
          under the 25-year contract with the provincial government and with a 
          total investment of P300 million for the hotel’s full renovation.