The John Hay Management Corporation (JHMC) has received over a hundred letters of intent (LOIs) from investors seeking to put up business ventures at Camp John Hay here.
JHMC president and chief operating officer Manjit Singh Reandi said the letters have been forwarded to the Bases Conversion and Development Authority (BCDA) for its inputs in the decision-making process.
On Jan. 3, the Supreme Court gave BCDA the control over Camp John Hay, particularly The Manor, The Forest Lodge, Camp John Hay Golf Course, CAP Convention Center, Commander’s Cottage and other open spaces.
“The committees are scrutinizing to determine the best, as we also await for the updating of the updated master development plan,” Reandi said in a press conference on Monday.
Reandi said the LOIs include investments in restaurants, tourism sites and hotels.
Foreign health firms have also expressed intent to set up presence in Camp John Hay.
“They are looking at how they can invest and the feasibility of their plans if done in John Hay,” he said. “We are waiting for their LOI to see their real interest.”
Reandi said local and international investors will reap benefits if they place their capital in Camp John Hay.
“John Hay is where the best of both worlds meet. It is environmentally sound where trees abound giving relaxation and relieves stress. The people are also constantly going here which is a fixed market and there is a continuing market traffic that shows clients are present,” he said.
He assured that in deciding about potential investors, environmental protection is taken into consideration.
“Our primary asset in John Hay is the environment and the natural environment and we are capitalizing on that. That is why we will make sure that we strike a balance in activities allowed within the reservation,” Reandi said. (PNA)