Security Bank Corporation (SBC) and Cagayan de Oro-based Limketkai
Hotel & Resort Corporation (LHRC) recently signed a Php 750-M term loan
partnership to fund the construction of an 18-storey, 224-room hotel and resort
development project within the company’s 30-hectare commercial complex in
Cagayan de Oro City. Limketkai Hotel & Resort Corp. will start construction this
year and is expected to be operational by late 2011 or early 2012. Upon
completion, the hotel will dominate the cityscape as the tallest structure in
Mindanao.
Photo shows senior executives from both parties during the recent signing
ceremonies held at the Security Bank corporate headquarters in Makati City. From
left are: SBC senior bank officials - Jeanette S. Keh, FVP – Banking
Center Group Head, Patricia May T. Siy, EVP – Commercial & Retail Banking
Segment Head; and President & CEO Alberto S. Villarosa; with LHRC
Alfonso U. Lim - President & CEO, Albino U. Limketkai- EVP & COO, and
Lorenzo U. Limketkai, VP & General Manager.
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