Thunderbird Resorts Poro Point Secures a 25-Year Lease Extension

Last March 25th, the Bases Conversion Development Authority (BCDA) granted Thunderbird Resorts’ petition soliciting a 25-year lease extension and its proposed commercial terms on the 65 hectare tourism complex the recreational developer presently occupies in the Poro Point Freeport Zone in San Fernando, La Union.

With a mandate to convert former US military base lands and camps into productive civilian economic growth centers, the BCDA has proven to be one of the most successful government agencies in attracting investments, creating jobs for the Filipino people and boosting the country's economy.

Fiesta Casino, one of Thunderbird Resorts’ brands, started operating in 2005, while the well renowned and striking Santorini-inspired hotel opened its doors to the public in 2008. With the Resort fast becoming a preferred destination getaway, its popularity continues to intensify with high occupancy rates that translate to almost always fully booked weekends.

Thunderbird Resorts Poro Point now enjoys a total of 47-year lease from the Government. With a current casino expansion in progress, a planned hotel expansion and an upcoming real estate development, The Point Residences, set for launching before the year ends, Thunderbird Resorts is here to stay.

Close Up: Impact Asia Concepts & Solutions

Spearheading the undertaking of making The Point Residences a reality, Impact Asia Concepts & Solutions will be taking the lead as general contractor, project manager, architectural and interior designer in this most exciting real estate development in La Union.

Established in 2003 as a subsidiary of Thunderbird Resorts to provide for internal architectural and visual communication needs in its casinos and hotels based in Central America, Impact has designed and built nearly 116,000 m2 in casinos, 121,500 m2 of hotels and spas, and has taken over construction of 9,846 m2 in six hotels of Las Americas Thunderbird Chain of Hotels in Peru.

Detailing projects across Central America, Impact designs and construction have totaled to 8 Fiesta Casinos in Costa Rica, 6 Fiesta Casinos in Panama, 3 Pharaoh's Casinos in Nicaragua and the Fiesta Casino Intercontinental in Guatemala. Expanding its presence to South America and Europe, Impact opened other country offices in Colombia and Poland.

In the Philippines, Impact Asia developed Thunderbird Resort’s Hotel and Casino in Rizal and the first phase of the Hotel and Casino of Poro Point. While in 2008, they opened an office Daman, India, where they are developing the architectural design and doing the project management of a large 5-star hotel and casino, a first in India.

Slated to start construction this fourth quarter of 2010, Phase 1 of The Point Residences is now open for reservations. For Inquiries, call 886-5555 local 158, email info@thepoint.com.ph or visit www.thepoint.com.ph.