As of July 17, 325 employees or 70 percent of the #SofitelManila staff have received their separation pay and signed the quit-claim form, said Phil. Plaza Holdings President Esteban Peña Sy. #hotels #hospitality #travel #tourism #Philippines

https://businessmirror.com.ph/2024/07/19/most-sofitel-manila-workers-got-separation-benefits/

PPHI Pres. Esteban Peña Sy: “There are many options. The foreign investors may decide to discuss with GSIS [Government Service Insurance System] for the pretermination of the lease contract, the hotel owners may put in huge new investments if the lease term on the land is extended, or the present owners may find other interested investors to take over the lease contract.” #SofitelManila #travel #tourism #Philippines

https://businessmirror.com.ph/2024/06/07/can-sofitel-still-be-saved-options-eyed/

TRIVIA : When Mrs. Marcos came home from her exile in #Hawaii in 1991, she checked into Philippine Plaza’s $2,000-a-night Imperial Suite, along with her entourage which had taken over 60 rooms. "I come home penniless,” she told reporters. This and other stories from #SofitelManila 's glorious past. #SomethingLikeLife #tourism #travel #Philippines #ImeldaMarcos

https://businessmirror.com.ph/2024/05/17/adieu-sofitel-manila/

Finally, a statement from the Dept of Tourism on #SofitelManila closure : "It is one that has seen our country through many seasons, and has stood the test of time. We are in complete agreement in terms of prioritizing worker and tourist safety over and above anything else." #SofitelPhilippinePlaza #travel #tourism #Philippines

https://businessmirror.com.ph/2024/05/15/dot-sofitel-manila-closure-significant-loss-to-tourism/

“To be frank, the future of the hotel is very uncertain, because we don’t own the land. So we are still in the process of negotiating with GSIS, because if we want to renovate the hotel into a good condition, it will take a lot of investments. So the owners of the hotel are calculating, whether they can get their invested money back in a few years or what.” #SofitelManila #travel #tourism #Philippines

https://businessmirror.com.ph/2024/05/10/sofitel-philippine-plaza-workers-will-get-nearly-p300-million-in-separation-benefits-hotel-owner/