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Tuesday, May 1, 2018

Sofitel has over P101M of unpaid rent to GSIS

The Sofitel hotel in Manila, operated by Philippine Plaza Holdings, Inc., owes the government P101 million in unpaid rent.
Sofitel / Photo credit to the owner

Government Service Insurance System (GSIS) General Manager Jesus Clint Aranas said that the hotel is renting four government-owned properties but has not been paying rent for two of them.

According to him, Sofitel leases lots 30A, 30B, 19 and 41.

They allegedly have not been paying for lots 19 and 41 for two decades.

Since 1993, we have been asking them to pay for the lots 19 and 41. And this has not been paid so it is really clearly a misinformation to tell our pensioners, our members, our contributors of the fund that they have been paying and they have been supporting of our fund. We were thinking that the arrears would be around P80 million, it’s actually P101 million already,” Aranas said.


The 7,393 sqm of prime property is almost a hectare of property. You know, the value of this lot is almost P800 million and to be able to utilize this lot for free is grossly disadvantageous to the fund, to the contributors, and it sends a bad message to the people that this government tolerates such things,” he added.

According to GSIS, Philippine Plaza has until May 13, 2018 to vacate the lots, otherwise, the government will initiate legal proceedings against the hotel.

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Source: Manila Times

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