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THE Clark Development Corp. (CDC) has formalized a lease agreement with Twin Cardinal Realty Corp. (TCRC) for the development of the P1.143-billion Ibis Styles Hotel Clark, a mid-scale hospitality project under the Accor Group.
The 250-room hotel will rise on a 6,000-square-meter site along C.M. Recto Highway, and is expected to begin construction in the first quarter of 2026. Targeted for completion by early 2027, the property will feature 230 standard rooms and 20 family rooms, along with two restaurants, a gym, a children’s play area and a reception lobby.
The project is projected to generate 359 local jobs and will contribute to Clark’s expanding hotel inventory, which currently stands at 3,793 rooms as of December 2024.
“This is a very happy day,” CDC President and CEO Agnes Devanadera says during the signing.
“Clark is bursting with activity and people. Every weekend, we welcome thousands of guests — runners, bikers and their families — who are looking for no-frills, business-friendly accommodations,” she adds.
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CLARK INVESTMENT Clark Development Corp. (CDC) President and CEO Agnes Devanadera delivers her message during the signing of the lease agreement between CDC and Twin Cardinal Realty Corp. PHOTO FROM CDC
The CDC chief says the lease went through the standard due diligence process to ensure the investor’s protection and alignment with government policies.
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“We wanted to ensure that the documents are foolproof, offering full protection and assurance to the investor. Tourism is a priority under the Strategic Investment Priority Plan, and this project aligns with national development goals,” she adds.
The Ibis Styles Hotel Clark joins a pipeline of hospitality investments in the Freeport. A total of nearly 2,000 new rooms are expected in the coming years, including First Clark Hotel and Residences (286 rooms), which is set to open in the fourth quarter; The Henry Resort Clark (40 rooms); Wyndham Garden Clark (150 rooms); Hilton Clark Sun Valley Resort’s expansion (300 rooms); and Hann expansion (970 rooms).
Accor Group Director of Development Kash Salvador says the company sees Clark as a strategic location for business tourism.
“We are confident that we will elevate the business tourism infrastructure in Clark, supporting its ongoing growth as a prime destination for both work and play,” Salvador says.
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“This project is a testament to our confidence in Clark’s potential and our ongoing commitment to bringing world-class hospitality around the globe,” he adds.
TCRC Vice President Jeffry Cruz says the Freeport’s accessibility and growth trajectory makes it a viable location for the group’s first Ibis Styles property.
“We chose Clark as our first location for Ibis Styles because of its fast-growing and highly accessible environment,” Cruz says.
“We are grateful for the professionalism and support of the CDC team,” he adds.
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Ibis Styles is part of the Accor Group, which operates more than 4,900 properties in 110 countries.
